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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 765 · 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 got from a sale” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.Vihaan makes 14 cups of lemonade at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  5. 5.It costs ₹15 to make one painted pebble. On the last day Farhan sells it for only ₹5. How much is the loss on one (in ₹)?
  6. 6.True or false: “the price on your board” is the cost price. (a) False (b) True
  7. 7.It costs ₹45 to make one clay diya. On the last day Ananya sells it for only ₹44. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.It costs ₹30 to make one cup of lemonade. Aarav sells it for ₹37. What is the profit on one (in ₹)?
  14. 14.Meera makes 30 paper bookmarks at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  15. 15.One cup of lemonade costs Riya ₹50 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹58 to make one glass of chai. On the last day Riya sells it for only ₹50. How much is the loss on one (in ₹)?
  17. 17.Saanvi makes 25 potted plants at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  19. 19.One glass of chai costs Tara ₹35 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹12 to make one potted plant. Ananya sells it for ₹20. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price on your board? (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.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.One fruit cup costs ₹41 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹25 to make one painted pebble. On the last day Kabir sells it for only ₹18. How much is the loss on one (in ₹)?
  26. 26.It costs ₹7 to make one handmade card. Diya sells it for ₹21. What is the profit on one (in ₹)?
  27. 27.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  28. 28.One clay diya costs ₹38 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹37 to make one potted plant. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.It costs ₹51 to make one cup of lemonade. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  32. 32.One cupcake costs Kabir ₹51 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹46 to make one clay diya. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹8 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) False (b) True
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.True or false: “what a customer pays” is the selling price. (a) False (b) True
  38. 38.One cup of lemonade costs ₹24 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  40. 40.It costs ₹56 to make one bag of popcorn. On the last day Dev sells it for only ₹54. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. selling price
  3. cost price
  4. 42
  5. 10
  6. False
  7. 1
  8. cost price
  9. what the buyer pays
  10. False
  11. what it cost you
  12. selling price
  13. 7
  14. 30
  15. Loss
  16. 8
  17. 50
  18. True
  19. Profit
  20. 8
  21. selling price
  22. True
  23. False
  24. 49
  25. 7
  26. 14
  27. SP more than CP
  28. 41
  29. 7
  30. False
  31. 9
  32. Profit
  33. 5
  34. 17
  35. True
  36. cost price
  37. True
  38. 34
  39. SP less than CP
  40. 2

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