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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 685 · 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: “money got from a sale” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “the price on your board” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  6. 6.It costs ₹26 to make one painted pebble. Riya sells it for ₹31. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹47 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.One friendship band costs Riya ₹42 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.It costs ₹51 to make one cup of lemonade. Tara sells it for ₹66. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.Ananya makes 25 handmade cards at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  12. 12.It costs ₹20 to make one friendship band. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.One handmade card costs ₹18 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  15. 15.One glass of chai costs Rohan ₹51 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  18. 18.Kabir makes 15 clay diyas at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  19. 19.It costs ₹21 to make one bag of popcorn. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  20. 20.It costs ₹30 to make one cupcake. Ananya sells it for ₹31. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.It costs ₹37 to make one handmade card. Kabir sells it for ₹52. What is the profit on one (in ₹)?
  23. 23.It costs ₹26 to make one painted pebble. Arjun sells it for ₹39. What is the profit on one (in ₹)?
  24. 24.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  25. 25.One glass of chai costs ₹58 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.One cupcake costs Diya ₹20 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “cost of making one” is the selling price. (a) True (b) False
  28. 28.Meera makes 5 glasses of chai at a cost of ₹22 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  29. 29.It costs ₹56 to make one fruit cup. Meera sells it for ₹71. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹56 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) False (b) True
  32. 32.One paper bookmark costs Arjun ₹44 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹41 to make one glass of chai. Kabir sells it for ₹42. What is the profit on one (in ₹)?
  34. 34.One handmade card costs Rohan ₹20 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹48 to make one jute bag. Nisha sells it for ₹64. What is the profit on one (in ₹)?
  36. 36.It costs ₹14 to make one cup of lemonade. Arjun sells it for ₹17. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹23 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.True or false: “what a customer pays” is the selling price. (a) False (b) True
  40. 40.One bag of popcorn costs ₹38 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. cost price
  3. cost price
  4. False
  5. what it cost you
  6. 5
  7. 49
  8. Loss
  9. 15
  10. cost price
  11. 100
  12. 1
  13. cost price
  14. 35
  15. Loss
  16. True
  17. SP less than CP
  18. 165
  19. 3
  20. 1
  21. selling price
  22. 15
  23. 13
  24. what the buyer pays
  25. 70
  26. Loss
  27. False
  28. 55
  29. 15
  30. 67
  31. False
  32. Loss
  33. 1
  34. Profit
  35. 16
  36. 3
  37. 27
  38. selling price
  39. True
  40. 46

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