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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 700 · 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.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  3. 3.It costs ₹31 to make one glass of chai. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  4. 4.One friendship band costs Rohan ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.One paper bookmark costs ₹43 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.One bag of popcorn costs ₹41 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  13. 13.One clay diya costs Joseph ₹21 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
  17. 17.Kavya makes 5 jute bags at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  18. 18.One cup of lemonade costs Zoya ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹13 to make one friendship band. On the last day Ananya sells it for only ₹10. How much is the loss on one (in ₹)?
  20. 20.True or false: “cost of making one” is the cost price. (a) False (b) True
  21. 21.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.One cup of lemonade costs ₹54 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.Meera makes 25 jute bags at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.Aarav makes 19 painted pebbles at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.One potted plant costs Diya ₹19 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One paper bookmark costs Farhan ₹53 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One fruit cup costs ₹53 to make. Tara wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.Ishaan makes 29 paper bookmarks at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  32. 32.One paper bookmark costs Saanvi ₹35 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹5 to make one potted plant. Meera sells it for ₹24. What is the profit on one (in ₹)?
  34. 34.It costs ₹32 to make one bag of popcorn. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.One cup of lemonade costs Kavya ₹16 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹31 to make one paper bookmark. Riya sells it for ₹44. What is the profit on one (in ₹)?
  38. 38.One friendship band costs Joseph ₹33 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. True
  2. SP less than CP
  3. 3
  4. Profit
  5. what it cost you
  6. cost price
  7. 47
  8. selling price
  9. 61
  10. cost price
  11. selling price
  12. SP more than CP
  13. Loss
  14. False
  15. False
  16. False
  17. 10
  18. Loss
  19. 3
  20. True
  21. what the buyer pays
  22. False
  23. 60
  24. 25
  25. cost price
  26. 114
  27. selling price
  28. Profit
  29. Profit
  30. 66
  31. 232
  32. Loss
  33. 19
  34. 5
  35. cost price
  36. Loss
  37. 13
  38. Profit
  39. selling price
  40. True

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