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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 702 · 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 on your board” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.It costs ₹30 to make one paper bookmark. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?
  7. 7.It costs ₹49 to make one bag of popcorn. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  9. 9.It costs ₹14 to make one handmade card. Dev sells it for ₹32. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  11. 11.One handmade card costs ₹54 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  12. 12.Nisha makes 8 clay diyas at a cost of ₹18 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) True (b) False
  14. 14.One jute bag costs Joseph ₹28 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “money spent to get it” is the cost price. (a) False (b) True
  16. 16.It costs ₹53 to make one handmade card. Tara sells it for ₹56. What is the profit on one (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) True (b) False
  18. 18.It costs ₹49 to make one clay diya. On the last day Meera sells it for only ₹40. How much is the loss on one (in ₹)?
  19. 19.It costs ₹45 to make one painted pebble. Vihaan sells it for ₹65. What is the profit on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.It costs ₹20 to make one jute bag. Zoya sells it for ₹40. What is the profit on one (in ₹)?
  23. 23.It costs ₹28 to make one cup of lemonade. Gurpreet sells it for ₹31. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.It costs ₹24 to make one paper bookmark. Vihaan sells it for ₹40. What is the profit on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the selling price. (a) False (b) True
  27. 27.One glass of chai costs Diya ₹31 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One handmade card costs Meera ₹23 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹67 to make one glass of chai. On the last day Lakshmi sells it for only ₹59. How much is the loss on one (in ₹)?
  30. 30.Gurpreet makes 25 paper bookmarks at a cost of ₹11 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
  32. 32.Rohan makes 13 bags of popcorn at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  33. 33.Ananya makes 6 potted plants at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.Saanvi makes 25 potted plants at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  35. 35.One fruit cup costs ₹5 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.One jute bag costs Farhan ₹34 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  39. 39.One cup of lemonade costs Vihaan ₹56 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹57 to make one jute bag. On the last day Kabir sells it for only ₹54. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. selling price
  3. what the buyer pays
  4. False
  5. False
  6. 1
  7. 2
  8. SP more than CP
  9. 18
  10. what it cost you
  11. 71
  12. 120
  13. True
  14. Profit
  15. True
  16. 3
  17. False
  18. 9
  19. 20
  20. False
  21. True
  22. 20
  23. 3
  24. cost price
  25. 16
  26. True
  27. Loss
  28. Loss
  29. 8
  30. 275
  31. True
  32. 13
  33. 60
  34. 100
  35. 6
  36. Loss
  37. selling price
  38. cost price
  39. Profit
  40. 3

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