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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 887 · 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 you sell at? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.True or false: “money spent to get it” is the selling price. (a) False (b) True
  7. 7.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  8. 8.It costs ₹21 to make one paper bookmark. Dev sells it for ₹25. What is the profit on one (in ₹)?
  9. 9.Aarav makes 9 paper bookmarks at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  10. 10.It costs ₹24 to make one glass of chai. Kavya sells it for ₹32. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  13. 13.One cup of lemonade costs ₹42 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹47 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹45. How much is the loss on one (in ₹)?
  15. 15.It costs ₹20 to make one fruit cup. Kabir sells it for ₹40. What is the profit on one (in ₹)?
  16. 16.It costs ₹53 to make one fruit cup. Diya sells it for ₹61. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs Ishaan ₹51 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.Ananya makes 18 handmade cards at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  19. 19.It costs ₹57 to make one paper bookmark. Tara sells it for ₹69. What is the profit on one (in ₹)?
  20. 20.Kabir makes 18 glasses of chai at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  21. 21.Zoya makes 18 painted pebbles at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  22. 22.True or false: “what a customer pays” is the cost price. (a) True (b) False
  23. 23.One glass of chai costs ₹29 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  24. 24.One potted plant costs ₹36 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹38 to make one potted plant. On the last day Kavya sells it for only ₹36. How much is the loss on one (in ₹)?
  26. 26.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.It costs ₹54 to make one glass of chai. Meera sells it for ₹63. What is the profit on one (in ₹)?
  29. 29.True or false: “money got from a sale” is the cost price. (a) False (b) True
  30. 30.One paper bookmark costs Vihaan ₹32 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One handmade card costs ₹20 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.One glass of chai costs ₹23 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.One clay diya costs ₹31 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹32 to make one clay diya. On the last day Farhan sells it for only ₹26. How much is the loss on one (in ₹)?
  36. 36.It costs ₹6 to make one paper bookmark. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  37. 37.It costs ₹6 to make one clay diya. Nisha sells it for ₹14. What is the profit on one (in ₹)?
  38. 38.It costs ₹19 to make one handmade card. On the last day Farhan sells it for only ₹13. How much is the loss on one (in ₹)?
  39. 39.It costs ₹49 to make one clay diya. On the last day Riya sells it for only ₹39. How much is the loss on one (in ₹)?
  40. 40.One potted plant costs Nisha ₹18 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. cost price
  3. SP more than CP
  4. selling price
  5. cost price
  6. False
  7. what the buyer pays
  8. 4
  9. 90
  10. 8
  11. cost price
  12. what it cost you
  13. 50
  14. 2
  15. 20
  16. 8
  17. Profit
  18. 180
  19. 12
  20. 108
  21. 18
  22. False
  23. 45
  24. 55
  25. 2
  26. SP less than CP
  27. False
  28. 9
  29. False
  30. Profit
  31. 35
  32. 26
  33. False
  34. 38
  35. 6
  36. 1
  37. 8
  38. 6
  39. 10
  40. Loss

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