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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 683 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  2. 2.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  3. 3.It costs ₹37 to make one friendship band. On the last day Joseph sells it for only ₹28. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.It costs ₹21 to make one handmade card. On the last day Lakshmi sells it for only ₹12. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.True or false: “money got from a sale” is the cost price. (a) False (b) True
  8. 8.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  9. 9.One clay diya costs ₹30 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  12. 12.It costs ₹42 to make one fruit cup. Diya sells it for ₹49. What is the profit on one (in ₹)?
  13. 13.It costs ₹7 to make one fruit cup. Kabir sells it for ₹22. What is the profit on one (in ₹)?
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.It costs ₹9 to make one potted plant. Dev sells it for ₹27. What is the profit on one (in ₹)?
  16. 16.It costs ₹58 to make one cup of lemonade. Aarav sells it for ₹76. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.It costs ₹48 to make one fruit cup. Ishaan sells it for ₹63. What is the profit on one (in ₹)?
  20. 20.Nisha makes 25 fruit cups at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  21. 21.One cup of lemonade costs Dev ₹59 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.It costs ₹51 to make one cup of lemonade. Rohan sells it for ₹67. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.It costs ₹35 to make one fruit cup. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  26. 26.It costs ₹24 to make one bag of popcorn. On the last day Ishaan sells it for only ₹18. How much is the loss on one (in ₹)?
  27. 27.One paper bookmark costs Ishaan ₹26 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.True or false: “the price you sell at” is the selling price. (a) True (b) False
  30. 30.It costs ₹44 to make one cupcake. Ananya sells it for ₹58. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹48 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.It costs ₹25 to make one fruit cup. On the last day Aarav sells it for only ₹24. How much is the loss on one (in ₹)?
  34. 34.One painted pebble costs Diya ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One paper bookmark costs ₹29 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money spent to get it” is the cost price. (a) False (b) True
  37. 37.True or false: “what you paid for it” is the cost price. (a) False (b) True
  38. 38.It costs ₹58 to make one potted plant. On the last day Joseph sells it for only ₹53. How much is the loss on one (in ₹)?
  39. 39.It costs ₹46 to make one jute bag. Diya sells it for ₹54. What is the profit on one (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) False (b) True

Answer key

  1. what the buyer pays
  2. SP more than CP
  3. 9
  4. selling price
  5. 9
  6. cost price
  7. False
  8. SP less than CP
  9. 37
  10. False
  11. what it cost you
  12. 7
  13. 15
  14. False
  15. 18
  16. 18
  17. selling price
  18. False
  19. 15
  20. 75
  21. Profit
  22. True
  23. 16
  24. cost price
  25. 7
  26. 6
  27. Profit
  28. cost price
  29. True
  30. 14
  31. 63
  32. False
  33. 1
  34. Profit
  35. 48
  36. True
  37. True
  38. 5
  39. 8
  40. True

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