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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 879 · 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 wholesale price paid? (a) cost price (b) selling price
  2. 2.True or false: “what you paid for it” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.It costs ₹43 to make one fruit cup. Gurpreet sells it for ₹55. What is the profit on one (in ₹)?
  6. 6.True or false: “what you paid for it” is the cost price. (a) True (b) False
  7. 7.True or false: “cost of making one” is the selling price. (a) False (b) True
  8. 8.One clay diya costs ₹60 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  9. 9.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  10. 10.It costs ₹13 to make one clay diya. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  13. 13.Tara makes 30 potted plants at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  14. 14.Kabir makes 12 cupcakes at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  15. 15.It costs ₹59 to make one friendship band. Diya sells it for ₹71. What is the profit on one (in ₹)?
  16. 16.Gurpreet makes 13 cupcakes at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  18. 18.One painted pebble costs Ananya ₹45 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.Farhan makes 20 glasses of chai at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.Kabir makes 11 jute bags at a cost of ₹24 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  23. 23.True or false: “what a customer pays” is the cost price. (a) False (b) True
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
  26. 26.One clay diya costs ₹28 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹60 to make one painted pebble. On the last day Meera sells it for only ₹51. How much is the loss on one (in ₹)?
  28. 28.One friendship band costs ₹33 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  30. 30.It costs ₹53 to make one cup of lemonade. On the last day Arjun sells it for only ₹52. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (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.Zoya makes 29 handmade cards at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  34. 34.It costs ₹21 to make one painted pebble. On the last day Arjun sells it for only ₹16. How much is the loss on one (in ₹)?
  35. 35.One cup of lemonade costs Nisha ₹53 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One fruit cup costs ₹60 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.One cup of lemonade costs ₹41 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) True (b) False
  39. 39.One glass of chai costs ₹21 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.One jute bag costs Gurpreet ₹38 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. cost price
  2. False
  3. cost price
  4. False
  5. 12
  6. True
  7. False
  8. 77
  9. SP more than CP
  10. 8
  11. selling price
  12. what it cost you
  13. 390
  14. 96
  15. 12
  16. 117
  17. what the buyer pays
  18. Loss
  19. True
  20. 40
  21. True
  22. 77
  23. False
  24. True
  25. False
  26. 35
  27. 9
  28. 42
  29. SP less than CP
  30. 1
  31. cost price
  32. selling price
  33. 348
  34. 5
  35. Profit
  36. 76
  37. 43
  38. True
  39. 27
  40. Loss

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