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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 684 · 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.True or false: “the price you sell at” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.True or false: “money spent to get it” is the selling price. (a) True (b) False
  6. 6.It costs ₹42 to make one painted pebble. Lakshmi sells it for ₹56. What is the profit on one (in ₹)?
  7. 7.It costs ₹41 to make one clay diya. On the last day Tara sells it for only ₹32. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  9. 9.One cupcake costs ₹41 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹30 to make one painted pebble. Joseph sells it for ₹38. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs Ananya ₹45 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.True or false: “the price you sell at” is the selling price. (a) False (b) True
  14. 14.One glass of chai costs ₹18 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹19 to make one clay diya. Gurpreet sells it for ₹39. What is the profit on one (in ₹)?
  16. 16.Kabir makes 10 handmade cards at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.Kabir makes 29 cupcakes at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  20. 20.It costs ₹51 to make one paper bookmark. On the last day Zoya sells it for only ₹44. How much is the loss on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.One clay diya costs ₹28 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  23. 23.Lakshmi makes 29 friendship bands at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  24. 24.It costs ₹55 to make one fruit cup. Rohan sells it for ₹57. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹44 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  26. 26.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.It costs ₹9 to make one bag of popcorn. Rohan sells it for ₹14. What is the profit on one (in ₹)?
  29. 29.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  30. 30.True or false: “what a customer pays” is the selling price. (a) True (b) False
  31. 31.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  32. 32.One painted pebble costs ₹21 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “money got from a sale” is the cost price. (a) True (b) False
  34. 34.True or false: “money spent to get it” is the cost price. (a) True (b) False
  35. 35.It costs ₹41 to make one friendship band. Kabir sells it for ₹59. What is the profit on one (in ₹)?
  36. 36.It costs ₹45 to make one glass of chai. Riya sells it for ₹46. What is the profit on one (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) False (b) True
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.Kabir makes 21 cups of lemonade at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  40. 40.It costs ₹33 to make one painted pebble. Ananya sells it for ₹39. What is the profit on one (in ₹)?

Answer key

  1. False
  2. selling price
  3. selling price
  4. selling price
  5. False
  6. 14
  7. 9
  8. what it cost you
  9. 55
  10. 8
  11. Loss
  12. selling price
  13. True
  14. 21
  15. 20
  16. 50
  17. cost price
  18. cost price
  19. 377
  20. 7
  21. True
  22. 39
  23. 87
  24. 2
  25. 54
  26. SP more than CP
  27. cost price
  28. 5
  29. SP less than CP
  30. True
  31. what the buyer pays
  32. 26
  33. False
  34. True
  35. 18
  36. 1
  37. False
  38. True
  39. 189
  40. 6

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