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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 750 · 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.

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  1. 1.True or false: “what you paid for it” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.One glass of chai costs Riya ₹27 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  5. 5.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  6. 6.One glass of chai costs ₹17 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.One fruit cup costs ₹34 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.It costs ₹23 to make one bag of popcorn. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.One fruit cup costs Ishaan ₹33 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.Dev makes 20 potted plants at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  19. 19.One cup of lemonade costs ₹48 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  22. 22.True or false: “the price you sell at” is the cost price. (a) True (b) False
  23. 23.Tara makes 28 fruit cups at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  24. 24.True or false: “money spent to get it” is the selling price. (a) True (b) False
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.True or false: “what a customer pays” is the selling price. (a) True (b) False
  27. 27.One clay diya costs ₹8 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.Vihaan makes 23 friendship bands at a cost of ₹33 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.One handmade card costs Kavya ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One glass of chai costs Ananya ₹57 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹31 to make one friendship band. On the last day Arjun sells it for only ₹24. How much is the loss on one (in ₹)?
  34. 34.True or false: “cost of making one” is the selling price. (a) True (b) False
  35. 35.True or false: “what you paid for it” is the selling price. (a) True (b) False
  36. 36.One fruit cup costs Kavya ₹28 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One fruit cup costs Ananya ₹41 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One glass of chai costs Aarav ₹46 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One painted pebble costs ₹47 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.One potted plant costs ₹30 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. cost price
  3. Profit
  4. SP less than CP
  5. what it cost you
  6. 21
  7. cost price
  8. 52
  9. cost price
  10. 1
  11. selling price
  12. True
  13. selling price
  14. cost price
  15. Loss
  16. what the buyer pays
  17. True
  18. 140
  19. 63
  20. selling price
  21. SP more than CP
  22. False
  23. 112
  24. False
  25. True
  26. True
  27. 26
  28. 184
  29. True
  30. False
  31. Loss
  32. Loss
  33. 7
  34. False
  35. False
  36. Loss
  37. Loss
  38. Loss
  39. 58
  40. 38

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