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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 865 · 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: “what you paid for it” is the selling price. (a) True (b) False
  2. 2.One bag of popcorn costs ₹7 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  5. 5.It costs ₹27 to make one potted plant. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  6. 6.It costs ₹53 to make one paper bookmark. Riya sells it for ₹58. What is the profit on one (in ₹)?
  7. 7.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  8. 8.🏷️ Cost price or selling price: what a customer pays? (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: “the price you sell at” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  12. 12.One clay diya costs Ishaan ₹28 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.Aarav makes 29 potted plants at a cost of ₹22 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  14. 14.True or false: “what a customer pays” is the selling price. (a) False (b) True
  15. 15.One fruit cup costs ₹60 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.One cupcake costs ₹56 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.One handmade card costs ₹35 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹23 to make one potted plant. Riya sells it for ₹40. What is the profit on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.One fruit cup costs Saanvi ₹22 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One clay diya costs Farhan ₹40 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One glass of chai costs ₹17 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.Gurpreet makes 17 fruit cups at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) False (b) True
  28. 28.It costs ₹14 to make one friendship band. Aarav sells it for ₹21. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs Riya ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹38 to make one fruit cup. On the last day Kavya sells it for only ₹32. How much is the loss on one (in ₹)?
  31. 31.One clay diya costs Joseph ₹32 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.One potted plant costs Kabir ₹54 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.One potted plant costs ₹52 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.One cup of lemonade costs ₹22 to make. Lakshmi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹25 to make one potted plant. On the last day Ananya sells it for only ₹17. How much is the loss on one (in ₹)?
  39. 39.True or false: “the price on your board” is the selling price. (a) False (b) True
  40. 40.One fruit cup costs ₹46 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 24
  3. cost price
  4. what the buyer pays
  5. 6
  6. 5
  7. SP more than CP
  8. selling price
  9. selling price
  10. True
  11. what it cost you
  12. Loss
  13. 116
  14. True
  15. 80
  16. cost price
  17. SP less than CP
  18. False
  19. 68
  20. 41
  21. 17
  22. True
  23. Profit
  24. Loss
  25. 29
  26. 119
  27. True
  28. 7
  29. Loss
  30. 6
  31. Loss
  32. selling price
  33. Profit
  34. False
  35. cost price
  36. 66
  37. 29
  38. 8
  39. True
  40. 47

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