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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 762 · 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.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  2. 2.One glass of chai costs ₹24 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.True or false: “what you paid for it” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.It costs ₹17 to make one paper bookmark. Saanvi sells it for ₹25. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.One friendship band costs ₹53 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹32 to make one paper bookmark. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.One handmade card costs ₹9 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹37 to make one painted pebble. On the last day Zoya sells it for only ₹28. How much is the loss on one (in ₹)?
  13. 13.One cup of lemonade costs Ananya ₹43 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  15. 15.It costs ₹58 to make one handmade card. On the last day Arjun sells it for only ₹53. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.True or false: “cost of making one” is the selling price. (a) True (b) False
  18. 18.One potted plant costs Saanvi ₹55 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One glass of chai costs ₹59 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  21. 21.It costs ₹37 to make one potted plant. On the last day Ananya sells it for only ₹32. How much is the loss on one (in ₹)?
  22. 22.One friendship band costs Farhan ₹59 to make and sells for ₹72. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One friendship band costs Farhan ₹24 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Arjun makes 19 painted pebbles at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  25. 25.True or false: “the price you sell at” is the cost price. (a) False (b) True
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.True or false: “what a customer pays” is the selling price. (a) False (b) True
  28. 28.Kabir makes 15 glasses of chai at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  29. 29.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  31. 31.It costs ₹32 to make one bag of popcorn. On the last day Dev sells it for only ₹24. How much is the loss on one (in ₹)?
  32. 32.Rohan makes 20 cups of lemonade at a cost of ₹17 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  33. 33.Lakshmi makes 18 glasses of chai at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  34. 34.True or false: “money spent to get it” is the selling price. (a) True (b) False
  35. 35.One glass of chai costs Kabir ₹17 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “money spent to get it” is the cost price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  38. 38.One cupcake costs ₹16 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. 42
  3. cost price
  4. True
  5. cost price
  6. 8
  7. selling price
  8. True
  9. 73
  10. 1
  11. 20
  12. 9
  13. Profit
  14. what it cost you
  15. 5
  16. cost price
  17. False
  18. Loss
  19. 71
  20. what the buyer pays
  21. 5
  22. Profit
  23. Loss
  24. 171
  25. False
  26. False
  27. True
  28. 150
  29. SP less than CP
  30. False
  31. 8
  32. 100
  33. 18
  34. False
  35. Loss
  36. True
  37. cost price
  38. 35
  39. SP more than CP
  40. False

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