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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 746 · 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) True (b) False
  2. 2.Arjun makes 23 paper bookmarks at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  3. 3.One fruit cup costs Farhan ₹60 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.True or false: “what you paid for it” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.It costs ₹63 to make one paper bookmark. On the last day Dev sells it for only ₹58. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  10. 10.One bag of popcorn costs Vihaan ₹41 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.Aarav makes 28 glasses of chai at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.One cupcake costs ₹9 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  14. 14.One potted plant costs Tara ₹20 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One paper bookmark costs ₹39 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹8 to make one cup of lemonade. Saanvi sells it for ₹11. What is the profit on one (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  19. 19.One glass of chai costs Riya ₹21 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “money got from a sale” is the selling price. (a) False (b) True
  21. 21.One cupcake costs ₹23 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  25. 25.One fruit cup costs Aarav ₹17 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One friendship band costs ₹14 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.Nisha makes 23 jute bags at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  30. 30.One glass of chai costs ₹46 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  31. 31.One cupcake costs Saanvi ₹32 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹61 to make one friendship band. On the last day Arjun sells it for only ₹58. How much is the loss on one (in ₹)?
  33. 33.One cupcake costs ₹15 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.True or false: “money got from a sale” is the cost price. (a) True (b) False
  36. 36.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  37. 37.It costs ₹58 to make one potted plant. On the last day Dev sells it for only ₹52. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.One cupcake costs ₹21 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.One friendship band costs Joseph ₹33 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. False
  2. 184
  3. Loss
  4. selling price
  5. True
  6. False
  7. selling price
  8. 5
  9. what it cost you
  10. Loss
  11. 28
  12. cost price
  13. 21
  14. Loss
  15. 45
  16. 3
  17. False
  18. selling price
  19. Loss
  20. True
  21. 41
  22. True
  23. True
  24. what the buyer pays
  25. Loss
  26. 21
  27. cost price
  28. cost price
  29. 92
  30. 63
  31. Profit
  32. 3
  33. 32
  34. False
  35. False
  36. SP more than CP
  37. 6
  38. selling price
  39. 40
  40. Profit

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