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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 71 · 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.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  3. 3.One fruit cup costs ₹31 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  4. 4.Gurpreet makes 11 painted pebbles at a cost of ₹19 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  5. 5.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  6. 6.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  7. 7.It costs ₹56 to make one handmade card. On the last day Farhan sells it for only ₹53. How much is the loss on one (in ₹)?
  8. 8.One paper bookmark costs Vihaan ₹53 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “money got from a sale” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.It costs ₹45 to make one handmade card. Meera sells it for ₹63. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹24 to make. Dev wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  14. 14.True or false: “the price you sell at” is the selling price. (a) False (b) True
  15. 15.It costs ₹14 to make one clay diya. On the last day Vihaan sells it for only ₹12. How much is the loss on one (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.One glass of chai costs ₹58 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹21 to make one bag of popcorn. Saanvi sells it for ₹26. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.Rohan makes 30 paper bookmarks at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  22. 22.Meera makes 13 painted pebbles at a cost of ₹38 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.It costs ₹18 to make one clay diya. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  25. 25.One handmade card costs Aarav ₹53 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹66 to make one glass of chai. On the last day Ishaan sells it for only ₹57. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  28. 28.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  29. 29.It costs ₹38 to make one fruit cup. Riya sells it for ₹42. What is the profit on one (in ₹)?
  30. 30.It costs ₹17 to make one fruit cup. On the last day Kavya sells it for only ₹7. How much is the loss on one (in ₹)?
  31. 31.One cupcake costs ₹34 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.It costs ₹22 to make one friendship band. Tara sells it for ₹28. What is the profit on one (in ₹)?
  35. 35.One friendship band costs Zoya ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  37. 37.It costs ₹54 to make one paper bookmark. On the last day Rohan sells it for only ₹49. How much is the loss on one (in ₹)?
  38. 38.It costs ₹39 to make one potted plant. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  39. 39.Saanvi makes 25 bags of popcorn at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  40. 40.It costs ₹26 to make one cup of lemonade. Rohan sells it for ₹38. What is the profit on one (in ₹)?

Answer key

  1. False
  2. True
  3. 40
  4. 99
  5. what the buyer pays
  6. SP less than CP
  7. 3
  8. Loss
  9. True
  10. cost price
  11. 18
  12. 32
  13. what it cost you
  14. True
  15. 2
  16. False
  17. cost price
  18. 66
  19. 5
  20. cost price
  21. 180
  22. 130
  23. selling price
  24. 1
  25. Loss
  26. 9
  27. cost price
  28. selling price
  29. 4
  30. 10
  31. 39
  32. selling price
  33. selling price
  34. 6
  35. Loss
  36. SP more than CP
  37. 5
  38. 1
  39. 200
  40. 12

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