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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 82 · 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.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  2. 2.True or false: “cost of making one” is the cost price. (a) True (b) False
  3. 3.It costs ₹28 to make one clay diya. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.It costs ₹15 to make one cup of lemonade. On the last day Meera sells it for only ₹12. How much is the loss on one (in ₹)?
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.Ishaan makes 6 paper bookmarks at a cost of ₹34 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  9. 9.It costs ₹49 to make one cupcake. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.It costs ₹19 to make one glass of chai. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  14. 14.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  15. 15.One glass of chai costs Ananya ₹20 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹34 to make one friendship band. On the last day Meera sells it for only ₹33. How much is the loss on one (in ₹)?
  17. 17.It costs ₹32 to make one clay diya. Diya sells it for ₹38. What is the profit on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.It costs ₹29 to make one glass of chai. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  20. 20.True or false: “what a customer pays” is the cost price. (a) False (b) True
  21. 21.It costs ₹29 to make one potted plant. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  22. 22.It costs ₹24 to make one paper bookmark. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹48 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  24. 24.One potted plant costs Nisha ₹37 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹38 to make one cupcake. On the last day Zoya sells it for only ₹30. How much is the loss on one (in ₹)?
  26. 26.One glass of chai costs ₹58 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  28. 28.One handmade card costs Diya ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “money spent to get it” is the cost price. (a) False (b) True
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.It costs ₹23 to make one handmade card. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  34. 34.One painted pebble costs Ishaan ₹21 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “what a customer pays” is the selling price. (a) True (b) False
  36. 36.One painted pebble costs ₹56 to make. Arjun wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.One cupcake costs Gurpreet ₹28 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Lakshmi makes 10 paper bookmarks at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  39. 39.One bag of popcorn costs ₹42 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. cost price
  2. True
  3. 11
  4. selling price
  5. 3
  6. what the buyer pays
  7. cost price
  8. 72
  9. 7
  10. False
  11. what it cost you
  12. selling price
  13. 2
  14. SP more than CP
  15. Loss
  16. 1
  17. 6
  18. False
  19. 4
  20. False
  21. 18
  22. 9
  23. 64
  24. Profit
  25. 8
  26. 78
  27. cost price
  28. Loss
  29. True
  30. False
  31. False
  32. selling price
  33. 5
  34. Profit
  35. True
  36. 70
  37. Profit
  38. 90
  39. 48
  40. True

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