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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 90 · 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 price you sell at” is the selling price. (a) False (b) True
  2. 2.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  3. 3.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.It costs ₹61 to make one friendship band. On the last day Rohan sells it for only ₹58. How much is the loss on one (in ₹)?
  7. 7.It costs ₹43 to make one clay diya. On the last day Joseph sells it for only ₹36. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.One paper bookmark costs ₹11 to make. Riya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  12. 12.One painted pebble costs ₹45 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.One handmade card costs ₹19 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “money got from a sale” is the selling price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.True or false: “what a customer pays” is the cost price. (a) False (b) True
  18. 18.Lakshmi makes 15 potted plants at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.Ananya makes 18 glasses of chai at a cost of ₹24 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.Nisha makes 18 glasses of chai at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  28. 28.Joseph makes 29 clay diyas at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.One painted pebble costs Rohan ₹59 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Vihaan makes 15 friendship bands at a cost of ₹27 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.It costs ₹16 to make one bag of popcorn. On the last day Arjun sells it for only ₹15. How much is the loss on one (in ₹)?
  34. 34.One bag of popcorn costs ₹45 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹21 to make one cup of lemonade. Aarav sells it for ₹23. What is the profit on one (in ₹)?
  36. 36.It costs ₹37 to make one clay diya. Dev sells it for ₹47. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹43 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.Aarav makes 6 fruit cups at a cost of ₹19 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.Riya makes 8 handmade cards at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. True
  2. what the buyer pays
  3. SP more than CP
  4. False
  5. False
  6. 3
  7. 7
  8. what it cost you
  9. SP less than CP
  10. cost price
  11. 16
  12. 55
  13. 24
  14. True
  15. selling price
  16. True
  17. False
  18. 165
  19. selling price
  20. False
  21. 234
  22. selling price
  23. True
  24. cost price
  25. cost price
  26. selling price
  27. 198
  28. 377
  29. False
  30. Profit
  31. 165
  32. False
  33. 1
  34. 62
  35. 2
  36. 10
  37. 51
  38. 48
  39. 112
  40. True

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