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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 739 · 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 you sell at? (a) cost price (b) selling price
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  3. 3.One glass of chai costs ₹24 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹57 to make one fruit cup. On the last day Diya sells it for only ₹48. How much is the loss on one (in ₹)?
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.It costs ₹50 to make one bag of popcorn. On the last day Arjun sells it for only ₹44. How much is the loss on one (in ₹)?
  7. 7.True or false: “money spent to get it” is the cost price. (a) True (b) False
  8. 8.One jute bag costs Ananya ₹42 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.It costs ₹41 to make one paper bookmark. On the last day Meera sells it for only ₹37. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  12. 12.One cupcake costs Diya ₹27 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One cupcake costs ₹15 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.One paper bookmark costs ₹31 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.One cup of lemonade costs ₹48 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹15 to make one clay diya. Ananya sells it for ₹34. What is the profit on one (in ₹)?
  20. 20.True or false: “what a customer pays” is the cost price. (a) True (b) False
  21. 21.One handmade card costs Joseph ₹38 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  23. 23.One jute bag costs Lakshmi ₹49 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  26. 26.True or false: “what you paid for it” is the selling price. (a) True (b) False
  27. 27.True or false: “money spent to get it” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  30. 30.It costs ₹41 to make one bag of popcorn. Vihaan sells it for ₹52. What is the profit on one (in ₹)?
  31. 31.Arjun makes 11 bags of popcorn at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  32. 32.One friendship band costs Diya ₹47 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “money got from a sale” is the selling price. (a) True (b) False
  34. 34.Arjun makes 24 paper bookmarks at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  35. 35.True or false: “what you paid for it” is the cost price. (a) True (b) False
  36. 36.It costs ₹22 to make one potted plant. Diya sells it for ₹31. What is the profit on one (in ₹)?
  37. 37.It costs ₹39 to make one cupcake. On the last day Joseph sells it for only ₹29. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  39. 39.It costs ₹18 to make one friendship band. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  40. 40.It costs ₹24 to make one jute bag. On the last day Ishaan sells it for only ₹23. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. SP more than CP
  3. 42
  4. 9
  5. True
  6. 6
  7. True
  8. Profit
  9. cost price
  10. 4
  11. what it cost you
  12. Loss
  13. 35
  14. False
  15. False
  16. 34
  17. cost price
  18. 52
  19. 19
  20. False
  21. Loss
  22. what the buyer pays
  23. Loss
  24. SP less than CP
  25. False
  26. False
  27. False
  28. cost price
  29. selling price
  30. 11
  31. 66
  32. Profit
  33. True
  34. 360
  35. True
  36. 9
  37. 10
  38. cost price
  39. 6
  40. 1

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