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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 757 · 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: “cost of making one” is the cost price. (a) True (b) False
  2. 2.It costs ₹38 to make one fruit cup. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs Dev ₹49 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.One paper bookmark costs ₹17 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  8. 8.Dev makes 6 fruit cups at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  9. 9.True or false: “what you paid for it” is the cost price. (a) False (b) True
  10. 10.One fruit cup costs Ishaan ₹25 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.Saanvi makes 17 paper bookmarks at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  12. 12.One potted plant costs ₹52 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.Zoya makes 20 paper bookmarks at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  14. 14.It costs ₹7 to make one glass of chai. Ishaan sells it for ₹21. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.It costs ₹31 to make one handmade card. Lakshmi sells it for ₹41. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.One bag of popcorn costs ₹13 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.One cupcake costs ₹40 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  22. 22.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  23. 23.It costs ₹29 to make one cupcake. Rohan sells it for ₹45. What is the profit on one (in ₹)?
  24. 24.One handmade card costs Riya ₹21 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One clay diya costs Rohan ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “the price on your board” is the cost price. (a) False (b) True
  27. 27.One clay diya costs Farhan ₹30 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.One cup of lemonade costs Vihaan ₹56 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  32. 32.It costs ₹23 to make one cupcake. On the last day Arjun sells it for only ₹18. How much is the loss on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  35. 35.It costs ₹25 to make one cup of lemonade. On the last day Aarav sells it for only ₹24. How much is the loss on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.It costs ₹23 to make one clay diya. On the last day Ishaan sells it for only ₹20. How much is the loss on one (in ₹)?
  39. 39.Kabir makes 13 potted plants at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  40. 40.It costs ₹44 to make one jute bag. Vihaan sells it for ₹63. What is the profit on one (in ₹)?

Answer key

  1. True
  2. 2
  3. Loss
  4. cost price
  5. cost price
  6. 36
  7. what the buyer pays
  8. 18
  9. True
  10. Loss
  11. 17
  12. 63
  13. 280
  14. 14
  15. what it cost you
  16. True
  17. 10
  18. selling price
  19. 14
  20. True
  21. 48
  22. SP less than CP
  23. 16
  24. Profit
  25. Profit
  26. False
  27. Profit
  28. cost price
  29. False
  30. Loss
  31. SP more than CP
  32. 5
  33. False
  34. selling price
  35. 1
  36. True
  37. selling price
  38. 3
  39. 130
  40. 19

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