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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 787 · 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 spent to get it” is the selling price. (a) True (b) False
  2. 2.One cup of lemonade costs ₹50 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  3. 3.One clay diya costs ₹25 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  5. 5.One potted plant costs Saanvi ₹36 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.True or false: “the price you sell at” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.It costs ₹33 to make one fruit cup. On the last day Dev sells it for only ₹23. How much is the loss on one (in ₹)?
  12. 12.True or false: “what a customer pays” is the selling price. (a) True (b) False
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.One paper bookmark costs Kavya ₹20 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.Joseph makes 27 friendship bands at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  18. 18.It costs ₹45 to make one glass of chai. On the last day Aarav sells it for only ₹38. How much is the loss on one (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  20. 20.Ishaan makes 21 cupcakes at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  21. 21.It costs ₹64 to make one fruit cup. On the last day Diya sells it for only ₹59. How much is the loss on one (in ₹)?
  22. 22.One friendship band costs Meera ₹43 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.One glass of chai costs Gurpreet ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹32 to make one paper bookmark. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.One clay diya costs ₹41 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  28. 28.One potted plant costs ₹7 to make. Dev wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹34 to make one friendship band. Diya sells it for ₹45. What is the profit on one (in ₹)?
  30. 30.It costs ₹34 to make one handmade card. On the last day Farhan sells it for only ₹25. How much is the loss on one (in ₹)?
  31. 31.It costs ₹14 to make one cupcake. Vihaan sells it for ₹31. What is the profit on one (in ₹)?
  32. 32.Lakshmi makes 16 fruit cups at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.Nisha makes 13 glasses of chai at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.It costs ₹55 to make one clay diya. On the last day Joseph sells it for only ₹48. How much is the loss on one (in ₹)?
  35. 35.Kavya makes 5 paper bookmarks at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  36. 36.Riya makes 25 friendship bands at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  37. 37.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  38. 38.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.One paper bookmark costs Meera ₹22 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. False
  2. 64
  3. 29
  4. what it cost you
  5. Loss
  6. selling price
  7. cost price
  8. cost price
  9. True
  10. selling price
  11. 10
  12. True
  13. False
  14. Loss
  15. 324
  16. selling price
  17. SP more than CP
  18. 7
  19. True
  20. 126
  21. 5
  22. Profit
  23. cost price
  24. Profit
  25. 12
  26. False
  27. 55
  28. 15
  29. 11
  30. 9
  31. 17
  32. 32
  33. 156
  34. 7
  35. 15
  36. 325
  37. what the buyer pays
  38. cost price
  39. False
  40. Loss

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