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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 715 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.True or false: “money spent to get it” is the cost price. (a) False (b) True
  3. 3.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  5. 5.One paper bookmark costs ₹14 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  6. 6.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  7. 7.One glass of chai costs Tara ₹21 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.One fruit cup costs Riya ₹58 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.Aarav makes 7 jute bags at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.One cup of lemonade costs ₹12 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹25 to make one cupcake. Diya sells it for ₹41. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs Lakshmi ₹31 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “what a customer pays” is the cost price. (a) True (b) False
  18. 18.It costs ₹41 to make one paper bookmark. On the last day Ananya sells it for only ₹39. How much is the loss on one (in ₹)?
  19. 19.It costs ₹60 to make one friendship band. Aarav sells it for ₹77. What is the profit on one (in ₹)?
  20. 20.Ananya makes 12 fruit cups at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  21. 21.Ananya makes 26 cupcakes at a cost of ₹13 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.It costs ₹29 to make one bag of popcorn. Meera sells it for ₹36. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs Dev ₹42 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.It costs ₹27 to make one paper bookmark. On the last day Ishaan sells it for only ₹26. How much is the loss on one (in ₹)?
  30. 30.It costs ₹49 to make one friendship band. On the last day Meera sells it for only ₹44. How much is the loss on one (in ₹)?
  31. 31.It costs ₹50 to make one cup of lemonade. Saanvi sells it for ₹63. What is the profit on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.It costs ₹50 to make one glass of chai. On the last day Vihaan sells it for only ₹42. How much is the loss on one (in ₹)?
  34. 34.It costs ₹15 to make one potted plant. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the selling price. (a) True (b) False
  36. 36.Zoya makes 19 jute bags at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price on your board” is the selling price. (a) True (b) False
  38. 38.One fruit cup costs ₹44 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.One cup of lemonade costs Kavya ₹51 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One clay diya costs Rohan ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. selling price
  2. True
  3. SP less than CP
  4. SP more than CP
  5. 25
  6. what the buyer pays
  7. Profit
  8. cost price
  9. Profit
  10. cost price
  11. False
  12. 7
  13. False
  14. 23
  15. 16
  16. Profit
  17. False
  18. 2
  19. 17
  20. 168
  21. 234
  22. False
  23. 7
  24. Loss
  25. True
  26. False
  27. selling price
  28. False
  29. 1
  30. 5
  31. 13
  32. True
  33. 8
  34. 10
  35. True
  36. 95
  37. True
  38. 63
  39. Profit
  40. Loss

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