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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 718 · 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: “money spent to get it” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.One fruit cup costs Lakshmi ₹28 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  7. 7.It costs ₹19 to make one glass of chai. Farhan sells it for ₹22. What is the profit on one (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  9. 9.It costs ₹43 to make one handmade card. On the last day Dev sells it for only ₹33. How much is the loss on one (in ₹)?
  10. 10.One clay diya costs Vihaan ₹24 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.One jute bag costs ₹10 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.Joseph makes 30 fruit cups at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  16. 16.One handmade card costs ₹17 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  17. 17.One cup of lemonade costs ₹16 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price on your board” is the cost price. (a) True (b) False
  19. 19.One friendship band costs Farhan ₹54 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹15 to make one friendship band. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  23. 23.True or false: “what you paid for it” is the selling price. (a) False (b) True
  24. 24.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  25. 25.Nisha makes 11 paper bookmarks at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  26. 26.Kabir makes 14 glasses of chai at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  27. 27.True or false: “cost of making one” is the selling price. (a) True (b) False
  28. 28.It costs ₹58 to make one potted plant. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
  29. 29.It costs ₹37 to make one handmade card. On the last day Saanvi sells it for only ₹30. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  31. 31.One glass of chai costs Meera ₹35 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹49 to make one painted pebble. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  33. 33.True or false: “the price on your board” is the selling price. (a) False (b) True
  34. 34.One glass of chai costs ₹22 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹33 to make one clay diya. Diya sells it for ₹49. What is the profit on one (in ₹)?
  36. 36.One jute bag costs Aarav ₹17 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.Ananya makes 27 potted plants at a cost of ₹38 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  38. 38.One painted pebble costs Aarav ₹41 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One friendship band costs Dev ₹19 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One paper bookmark costs ₹52 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. cost price
  3. cost price
  4. cost price
  5. Profit
  6. SP less than CP
  7. 3
  8. SP more than CP
  9. 10
  10. Profit
  11. selling price
  12. 17
  13. True
  14. selling price
  15. 120
  16. 34
  17. 20
  18. False
  19. Profit
  20. 20
  21. True
  22. False
  23. False
  24. what the buyer pays
  25. 55
  26. 126
  27. False
  28. 6
  29. 7
  30. what it cost you
  31. Profit
  32. 5
  33. True
  34. 24
  35. 16
  36. Profit
  37. 81
  38. Loss
  39. Profit
  40. 54

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