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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 781 · 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: “the price you sell at” is the cost price. (a) False (b) True
  2. 2.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.One jute bag costs ₹49 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹35 to make one cup of lemonade. Dev sells it for ₹37. What is the profit on one (in ₹)?
  9. 9.Arjun makes 15 potted plants at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  10. 10.It costs ₹18 to make one cupcake. Kabir sells it for ₹38. What is the profit on one (in ₹)?
  11. 11.True or false: “money got from a sale” is the selling price. (a) True (b) False
  12. 12.It costs ₹22 to make one cupcake. Tara sells it for ₹33. What is the profit on one (in ₹)?
  13. 13.Farhan makes 27 clay diyas at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  14. 14.Lakshmi makes 5 clay diyas at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  15. 15.Vihaan makes 26 clay diyas at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  16. 16.Dev makes 23 cupcakes at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  17. 17.One cup of lemonade costs ₹42 to make. Gurpreet wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) True (b) False
  19. 19.It costs ₹37 to make one handmade card. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?
  20. 20.It costs ₹15 to make one handmade card. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  21. 21.One handmade card costs Ishaan ₹45 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “what a customer pays” is the cost price. (a) True (b) False
  23. 23.One cup of lemonade costs Ishaan ₹47 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.It costs ₹18 to make one glass of chai. Meera sells it for ₹35. What is the profit on one (in ₹)?
  27. 27.It costs ₹22 to make one painted pebble. On the last day Meera sells it for only ₹13. How much is the loss on one (in ₹)?
  28. 28.Diya makes 16 jute bags at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  32. 32.It costs ₹60 to make one handmade card. On the last day Diya sells it for only ₹56. How much is the loss on one (in ₹)?
  33. 33.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  35. 35.One cup of lemonade costs ₹18 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  36. 36.One cupcake costs Dev ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One glass of chai costs ₹57 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.One glass of chai costs Zoya ₹45 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “what you paid for it” is the cost price. (a) False (b) True
  40. 40.It costs ₹37 to make one cupcake. On the last day Dev sells it for only ₹27. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. SP more than CP
  3. selling price
  4. selling price
  5. SP less than CP
  6. True
  7. 65
  8. 2
  9. 60
  10. 20
  11. True
  12. 11
  13. 135
  14. 30
  15. 52
  16. 230
  17. 54
  18. False
  19. 8
  20. 8
  21. Loss
  22. False
  23. Loss
  24. cost price
  25. selling price
  26. 17
  27. 9
  28. 16
  29. True
  30. what it cost you
  31. False
  32. 4
  33. what the buyer pays
  34. cost price
  35. 27
  36. Loss
  37. 67
  38. Profit
  39. True
  40. 10

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