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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 797 · 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.It costs ₹54 to make one bag of popcorn. Zoya sells it for ₹59. What is the profit on one (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.Saanvi makes 19 fruit cups at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  7. 7.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  8. 8.True or false: “what you paid for it” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  11. 11.Lakshmi makes 6 handmade cards at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  12. 12.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.It costs ₹41 to make one paper bookmark. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹7 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.One cup of lemonade costs Meera ₹26 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.One potted plant costs Nisha ₹19 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.One handmade card costs Vihaan ₹48 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One handmade card costs ₹30 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  27. 27.One clay diya costs Riya ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.One clay diya costs ₹6 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹15 to make one glass of chai. Aarav sells it for ₹23. What is the profit on one (in ₹)?
  32. 32.It costs ₹30 to make one potted plant. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹50 to make. Riya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.One jute bag costs ₹33 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹52 to make one painted pebble. Riya sells it for ₹62. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.One painted pebble costs Saanvi ₹52 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One bag of popcorn costs Tara ₹56 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “money spent to get it” is the selling price. (a) True (b) False
  40. 40.True or false: “what you paid for it” is the selling price. (a) False (b) True

Answer key

  1. 5
  2. False
  3. 57
  4. cost price
  5. cost price
  6. True
  7. SP more than CP
  8. True
  9. selling price
  10. what the buyer pays
  11. 84
  12. SP less than CP
  13. False
  14. selling price
  15. True
  16. cost price
  17. 5
  18. 26
  19. Profit
  20. cost price
  21. what it cost you
  22. True
  23. Profit
  24. False
  25. Profit
  26. 39
  27. Loss
  28. True
  29. False
  30. 19
  31. 8
  32. 7
  33. 57
  34. 43
  35. 10
  36. selling price
  37. Profit
  38. Profit
  39. False
  40. False

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