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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 84 · 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.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.It costs ₹43 to make one cupcake. On the last day Kabir sells it for only ₹34. How much is the loss on one (in ₹)?
  4. 4.Dev makes 13 potted plants at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.Kabir makes 21 glasses of chai at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  12. 12.Kavya makes 24 jute bags at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  13. 13.True or false: “money spent to get it” is the cost price. (a) True (b) False
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  16. 16.It costs ₹61 to make one friendship band. On the last day Saanvi sells it for only ₹54. How much is the loss on one (in ₹)?
  17. 17.Arjun makes 7 friendship bands at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  18. 18.One glass of chai costs ₹12 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  20. 20.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  21. 21.It costs ₹15 to make one paper bookmark. Zoya sells it for ₹24. What is the profit on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.It costs ₹35 to make one cupcake. On the last day Gurpreet sells it for only ₹28. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs ₹23 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹40 to make one clay diya. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.It costs ₹47 to make one fruit cup. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.It costs ₹22 to make one fruit cup. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  29. 29.It costs ₹32 to make one fruit cup. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  30. 30.It costs ₹39 to make one painted pebble. On the last day Aarav sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  32. 32.One paper bookmark costs ₹11 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.One cup of lemonade costs Farhan ₹51 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  35. 35.It costs ₹26 to make one paper bookmark. Saanvi sells it for ₹32. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs Vihaan ₹47 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.One friendship band costs Ananya ₹46 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹20 to make one friendship band. On the last day Aarav sells it for only ₹15. How much is the loss on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. False
  3. 9
  4. 169
  5. what the buyer pays
  6. False
  7. 210
  8. cost price
  9. selling price
  10. False
  11. SP more than CP
  12. 72
  13. True
  14. False
  15. True
  16. 7
  17. 105
  18. 28
  19. SP less than CP
  20. what it cost you
  21. 9
  22. True
  23. 7
  24. 43
  25. 8
  26. cost price
  27. 9
  28. 17
  29. 2
  30. 9
  31. cost price
  32. 17
  33. Loss
  34. cost price
  35. 6
  36. Profit
  37. selling price
  38. Profit
  39. 5
  40. False

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