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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 864 · 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: “the wholesale price paid” is the cost price. (a) False (b) True
  2. 2.One cup of lemonade costs ₹21 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  5. 5.It costs ₹11 to make one fruit cup. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  6. 6.True or false: “what you paid for it” is the selling price. (a) True (b) False
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.One cupcake costs Lakshmi ₹17 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “what you paid for it” is the cost price. (a) False (b) True
  10. 10.Farhan makes 21 handmade cards at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  13. 13.One cup of lemonade costs Meera ₹23 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.Gurpreet makes 17 painted pebbles at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  16. 16.It costs ₹15 to make one potted plant. Aarav sells it for ₹23. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  19. 19.One cupcake costs Diya ₹21 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹48 to make one fruit cup. On the last day Saanvi sells it for only ₹43. How much is the loss on one (in ₹)?
  21. 21.It costs ₹31 to make one cupcake. On the last day Joseph sells it for only ₹23. How much is the loss on one (in ₹)?
  22. 22.Kabir makes 8 handmade cards at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  23. 23.It costs ₹28 to make one paper bookmark. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the cost price. (a) True (b) False
  25. 25.One cup of lemonade costs Kavya ₹30 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹32 to make one friendship band. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  27. 27.One potted plant costs Ishaan ₹38 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.Arjun makes 13 clay diyas at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  29. 29.It costs ₹34 to make one friendship band. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹38 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  33. 33.It costs ₹40 to make one glass of chai. On the last day Ananya sells it for only ₹37. How much is the loss on one (in ₹)?
  34. 34.It costs ₹53 to make one friendship band. Joseph sells it for ₹64. What is the profit on one (in ₹)?
  35. 35.It costs ₹17 to make one paper bookmark. Diya sells it for ₹20. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  37. 37.It costs ₹18 to make one potted plant. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹10 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.One glass of chai costs ₹29 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. 22
  3. cost price
  4. what it cost you
  5. 1
  6. False
  7. True
  8. Loss
  9. True
  10. 42
  11. cost price
  12. what the buyer pays
  13. Profit
  14. 204
  15. SP more than CP
  16. 8
  17. selling price
  18. SP less than CP
  19. Loss
  20. 5
  21. 8
  22. 104
  23. 6
  24. False
  25. Profit
  26. 15
  27. Profit
  28. 195
  29. 13
  30. 42
  31. selling price
  32. selling price
  33. 3
  34. 11
  35. 3
  36. cost price
  37. 16
  38. 24
  39. selling price
  40. 39

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