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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 657 · 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.

NameDateTime takenScore ___ / 40
  1. 1.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.One glass of chai costs Diya ₹24 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  5. 5.True or false: “the price you sell at” is the selling price. (a) True (b) False
  6. 6.One cup of lemonade costs ₹12 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.Zoya makes 10 potted plants at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  8. 8.It costs ₹17 to make one bag of popcorn. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) False (b) True
  10. 10.Kabir makes 22 glasses of chai at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  11. 11.True or false: “the price you sell at” is the cost price. (a) True (b) False
  12. 12.Joseph makes 18 cups of lemonade at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  13. 13.It costs ₹24 to make one fruit cup. On the last day Dev sells it for only ₹22. How much is the loss on one (in ₹)?
  14. 14.One glass of chai costs Gurpreet ₹39 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  16. 16.True or false: “money got from a sale” is the cost price. (a) False (b) True
  17. 17.One potted plant costs Ananya ₹35 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.Vihaan makes 25 jute bags at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.One cupcake costs Kabir ₹32 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “what a customer pays” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  26. 26.It costs ₹20 to make one friendship band. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  27. 27.It costs ₹35 to make one handmade card. Riya sells it for ₹48. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  30. 30.It costs ₹27 to make one paper bookmark. Nisha sells it for ₹46. What is the profit on one (in ₹)?
  31. 31.It costs ₹45 to make one cupcake. Saanvi sells it for ₹55. What is the profit on one (in ₹)?
  32. 32.It costs ₹49 to make one fruit cup. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹13 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹47 to make one glass of chai. On the last day Rohan sells it for only ₹40. How much is the loss on one (in ₹)?
  35. 35.It costs ₹8 to make one clay diya. Aarav sells it for ₹12. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹12 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
  38. 38.It costs ₹22 to make one jute bag. On the last day Kabir sells it for only ₹17. How much is the loss on one (in ₹)?
  39. 39.One paper bookmark costs Saanvi ₹50 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One clay diya costs Ananya ₹52 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what it cost you
  2. selling price
  3. Profit
  4. SP less than CP
  5. True
  6. 31
  7. 30
  8. 2
  9. True
  10. 242
  11. False
  12. 162
  13. 2
  14. Profit
  15. SP more than CP
  16. False
  17. Profit
  18. 150
  19. cost price
  20. Loss
  21. False
  22. selling price
  23. False
  24. False
  25. what the buyer pays
  26. 1
  27. 13
  28. cost price
  29. selling price
  30. 19
  31. 10
  32. 9
  33. 31
  34. 7
  35. 4
  36. 31
  37. False
  38. 5
  39. Loss
  40. Loss

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