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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 65 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

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  1. 1.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  2. 2.One handmade card costs ₹19 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  3. 3.One painted pebble costs ₹14 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  4. 4.One cup of lemonade costs ₹14 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  7. 7.Vihaan makes 10 potted plants at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.True or false: “cost of making one” is the cost price. (a) False (b) True
  15. 15.It costs ₹7 to make one cup of lemonade. Farhan sells it for ₹16. What is the profit on one (in ₹)?
  16. 16.It costs ₹42 to make one glass of chai. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) False (b) True
  18. 18.One cup of lemonade costs ₹58 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.Kavya makes 6 potted plants at a cost of ₹29 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  20. 20.It costs ₹8 to make one fruit cup. Dev sells it for ₹23. What is the profit on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  24. 24.True or false: “the price you sell at” is the selling price. (a) False (b) True
  25. 25.Saanvi makes 28 handmade cards at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  26. 26.It costs ₹22 to make one glass of chai. On the last day Zoya sells it for only ₹17. How much is the loss on one (in ₹)?
  27. 27.One bag of popcorn costs Farhan ₹42 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹49 to make one cupcake. On the last day Vihaan sells it for only ₹48. How much is the loss on one (in ₹)?
  29. 29.One friendship band costs Dev ₹55 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “what a customer pays” is the cost price. (a) True (b) False
  31. 31.It costs ₹44 to make one fruit cup. Dev sells it for ₹62. What is the profit on one (in ₹)?
  32. 32.It costs ₹36 to make one paper bookmark. On the last day Dev sells it for only ₹32. How much is the loss on one (in ₹)?
  33. 33.It costs ₹36 to make one cupcake. On the last day Kabir sells it for only ₹28. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  35. 35.It costs ₹52 to make one clay diya. Saanvi sells it for ₹71. What is the profit on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) False (b) True
  37. 37.One handmade card costs ₹10 to make. Riya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.One painted pebble costs ₹15 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price

Answer key

  1. cost price
  2. 28
  3. 34
  4. 22
  5. cost price
  6. what it cost you
  7. 20
  8. selling price
  9. SP less than CP
  10. SP more than CP
  11. False
  12. False
  13. True
  14. True
  15. 9
  16. 10
  17. False
  18. 62
  19. 6
  20. 15
  21. True
  22. selling price
  23. what the buyer pays
  24. True
  25. 140
  26. 5
  27. Loss
  28. 1
  29. Loss
  30. False
  31. 18
  32. 4
  33. 8
  34. selling price
  35. 19
  36. False
  37. 17
  38. 23
  39. selling price
  40. cost price

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