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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 761 · 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: “what a customer pays” is the cost price. (a) True (b) False
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.One bag of popcorn costs Vihaan ₹43 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.Rohan makes 6 friendship bands at a cost of ₹30 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  6. 6.One fruit cup costs ₹36 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.True or false: “money spent to get it” is the cost price. (a) True (b) False
  9. 9.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  10. 10.One painted pebble costs ₹40 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.One cup of lemonade costs ₹40 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  14. 14.It costs ₹34 to make one potted plant. On the last day Arjun sells it for only ₹26. How much is the loss on one (in ₹)?
  15. 15.It costs ₹50 to make one cupcake. Saanvi sells it for ₹67. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  17. 17.Joseph makes 6 friendship bands at a cost of ₹27 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  18. 18.One cup of lemonade costs Joseph ₹23 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.Zoya makes 28 fruit cups at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.True or false: “the price you sell at” is the selling price. (a) True (b) False
  23. 23.Aarav makes 6 potted plants at a cost of ₹6 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  24. 24.It costs ₹37 to make one jute bag. Saanvi sells it for ₹50. What is the profit on one (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) True (b) False
  26. 26.True or false: “cost of making one” is the selling price. (a) False (b) True
  27. 27.It costs ₹32 to make one paper bookmark. Ananya sells it for ₹47. What is the profit on one (in ₹)?
  28. 28.True or false: “the price on your board” is the cost price. (a) True (b) False
  29. 29.One potted plant costs Nisha ₹35 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  31. 31.It costs ₹38 to make one paper bookmark. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  32. 32.One handmade card costs Ishaan ₹41 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹13 to make one fruit cup. Dev sells it for ₹14. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs Aarav ₹35 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹31 to make one potted plant. On the last day Meera sells it for only ₹29. How much is the loss on one (in ₹)?
  36. 36.Aarav makes 29 jute bags at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  38. 38.It costs ₹39 to make one glass of chai. On the last day Lakshmi sells it for only ₹34. How much is the loss on one (in ₹)?
  39. 39.True or false: “cost of making one” is the cost price. (a) False (b) True
  40. 40.One potted plant costs Riya ₹50 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. False
  2. True
  3. cost price
  4. Loss
  5. 30
  6. 43
  7. selling price
  8. True
  9. SP more than CP
  10. 50
  11. 60
  12. cost price
  13. what the buyer pays
  14. 8
  15. 17
  16. what it cost you
  17. 66
  18. Profit
  19. True
  20. 308
  21. selling price
  22. True
  23. 42
  24. 13
  25. False
  26. False
  27. 15
  28. False
  29. Profit
  30. SP less than CP
  31. 8
  32. Loss
  33. 1
  34. Loss
  35. 2
  36. 203
  37. selling price
  38. 5
  39. True
  40. Profit

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