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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 808 · 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.One glass of chai costs Ishaan ₹43 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  5. 5.One friendship band costs ₹47 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.Saanvi makes 25 glasses of chai at a cost of ₹9 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) False (b) True
  10. 10.It costs ₹47 to make one cupcake. On the last day Vihaan sells it for only ₹46. How much is the loss on one (in ₹)?
  11. 11.It costs ₹37 to make one paper bookmark. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  12. 12.One handmade card costs Tara ₹45 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.Farhan makes 18 potted plants at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  21. 21.One glass of chai costs Ananya ₹42 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One potted plant costs ₹32 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  23. 23.One potted plant costs Tara ₹52 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  25. 25.Aarav makes 11 fruit cups at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  26. 26.It costs ₹36 to make one bag of popcorn. Nisha sells it for ₹38. What is the profit on one (in ₹)?
  27. 27.It costs ₹48 to make one potted plant. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  28. 28.It costs ₹19 to make one bag of popcorn. Lakshmi sells it for ₹24. What is the profit on one (in ₹)?
  29. 29.Arjun makes 9 potted plants at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) False (b) True
  31. 31.It costs ₹7 to make one bag of popcorn. Gurpreet sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  33. 33.It costs ₹20 to make one painted pebble. On the last day Riya sells it for only ₹16. How much is the loss on one (in ₹)?
  34. 34.One friendship band costs ₹10 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.It costs ₹28 to make one clay diya. Ishaan sells it for ₹29. What is the profit on one (in ₹)?
  37. 37.Aarav makes 30 jute bags at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  38. 38.One potted plant costs Rohan ₹50 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “money spent to get it” is the cost price. (a) False (b) True
  40. 40.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price

Answer key

  1. Loss
  2. False
  3. cost price
  4. SP more than CP
  5. 63
  6. what it cost you
  7. True
  8. 325
  9. True
  10. 1
  11. 13
  12. Loss
  13. False
  14. cost price
  15. selling price
  16. 54
  17. False
  18. selling price
  19. selling price
  20. selling price
  21. Profit
  22. 50
  23. Profit
  24. SP less than CP
  25. 154
  26. 2
  27. 8
  28. 5
  29. 27
  30. True
  31. 20
  32. cost price
  33. 4
  34. 24
  35. False
  36. 1
  37. 30
  38. Profit
  39. True
  40. cost price

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