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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 703 · 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.

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  1. 1.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.One cupcake costs ₹56 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.It costs ₹36 to make one friendship band. On the last day Riya sells it for only ₹29. How much is the loss on one (in ₹)?
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.One cupcake costs Kavya ₹34 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “cost of making one” is the selling price. (a) True (b) False
  9. 9.It costs ₹12 to make one handmade card. On the last day Kabir sells it for only ₹10. How much is the loss on one (in ₹)?
  10. 10.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  11. 11.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  12. 12.True or false: “what a customer pays” is the selling price. (a) False (b) True
  13. 13.It costs ₹54 to make one fruit cup. On the last day Arjun sells it for only ₹49. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.It costs ₹61 to make one cupcake. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.Kavya makes 19 glasses of chai at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  21. 21.True or false: “the price you sell at” is the selling price. (a) False (b) True
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.It costs ₹36 to make one friendship band. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs Meera ₹49 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  26. 26.Lakshmi makes 15 potted plants at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  27. 27.It costs ₹17 to make one clay diya. Riya sells it for ₹36. What is the profit on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.It costs ₹5 to make one potted plant. Aarav sells it for ₹21. What is the profit on one (in ₹)?
  30. 30.Ishaan makes 20 paper bookmarks at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  31. 31.It costs ₹36 to make one painted pebble. On the last day Kabir sells it for only ₹35. How much is the loss on one (in ₹)?
  32. 32.Arjun makes 11 potted plants at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  33. 33.Rohan makes 29 glasses of chai at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.Diya makes 29 friendship bands at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  36. 36.Joseph makes 29 potted plants at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  37. 37.One jute bag costs ₹13 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs Diya ₹42 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
  40. 40.It costs ₹7 to make one handmade card. Arjun sells it for ₹9. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. cost price
  3. 63
  4. selling price
  5. 7
  6. False
  7. Loss
  8. False
  9. 2
  10. what the buyer pays
  11. SP less than CP
  12. True
  13. 5
  14. selling price
  15. selling price
  16. cost price
  17. 9
  18. selling price
  19. 114
  20. cost price
  21. True
  22. True
  23. 5
  24. Profit
  25. SP more than CP
  26. 45
  27. 19
  28. True
  29. 16
  30. 200
  31. 1
  32. 22
  33. 203
  34. 116
  35. what it cost you
  36. 435
  37. 23
  38. Profit
  39. False
  40. 2

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