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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 716 · 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 means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  2. 2.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.One jute bag costs ₹59 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹15 to make one clay diya. Zoya sells it for ₹25. What is the profit on one (in ₹)?
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.It costs ₹43 to make one potted plant. Dev sells it for ₹52. What is the profit on one (in ₹)?
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.It costs ₹20 to make one glass of chai. Farhan sells it for ₹25. What is the profit on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  13. 13.It costs ₹55 to make one handmade card. Kavya sells it for ₹71. What is the profit on one (in ₹)?
  14. 14.It costs ₹7 to make one friendship band. Ananya sells it for ₹21. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹58 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹20 to make one painted pebble. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  17. 17.It costs ₹46 to make one glass of chai. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs Lakshmi ₹16 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “money got from a sale” is the selling price. (a) False (b) True
  20. 20.Kabir makes 27 glasses of chai at a cost of ₹31 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.It costs ₹42 to make one fruit cup. Vihaan sells it for ₹57. What is the profit on one (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  24. 24.It costs ₹6 to make one potted plant. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  25. 25.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  26. 26.Ananya makes 30 clay diyas at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  27. 27.One clay diya costs Vihaan ₹49 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.Meera makes 16 potted plants at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  30. 30.It costs ₹54 to make one clay diya. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs Dev ₹16 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹63 to make one cupcake. On the last day Kavya sells it for only ₹55. How much is the loss on one (in ₹)?
  33. 33.One clay diya costs Rohan ₹38 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One clay diya costs ₹5 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “money spent to get it” is the cost price. (a) True (b) False
  36. 36.One handmade card costs ₹52 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.Ishaan makes 5 cupcakes at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.One cup of lemonade costs ₹17 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. what the buyer pays
  3. cost price
  4. 69
  5. 10
  6. False
  7. selling price
  8. cost price
  9. 9
  10. False
  11. 5
  12. SP more than CP
  13. 16
  14. 14
  15. 64
  16. 2
  17. 6
  18. Profit
  19. True
  20. 243
  21. True
  22. 15
  23. True
  24. 15
  25. SP less than CP
  26. 90
  27. Loss
  28. selling price
  29. 208
  30. 2
  31. Loss
  32. 8
  33. Loss
  34. 10
  35. True
  36. 55
  37. selling price
  38. 25
  39. False
  40. 19

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