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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 902 · 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.

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  1. 1.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  2. 2.One bag of popcorn costs Zoya ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.True or false: “money got from a sale” is the selling price. (a) True (b) False
  4. 4.It costs ₹47 to make one jute bag. On the last day Tara sells it for only ₹44. How much is the loss on one (in ₹)?
  5. 5.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.It costs ₹25 to make one fruit cup. Kabir sells it for ₹38. What is the profit on one (in ₹)?
  8. 8.It costs ₹23 to make one potted plant. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  9. 9.It costs ₹62 to make one handmade card. On the last day Saanvi sells it for only ₹60. How much is the loss on one (in ₹)?
  10. 10.One jute bag costs Tara ₹34 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One friendship band costs ₹6 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “what a customer pays” is the cost price. (a) False (b) True
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.One cupcake costs Ishaan ₹18 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “the price on your board” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.It costs ₹13 to make one cup of lemonade. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.It costs ₹49 to make one friendship band. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  21. 21.One potted plant costs ₹24 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹56 to make one clay diya. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.One glass of chai costs Ishaan ₹17 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “what you paid for it” is the cost price. (a) True (b) False
  27. 27.It costs ₹44 to make one cupcake. Meera sells it for ₹54. What is the profit on one (in ₹)?
  28. 28.One potted plant costs Vihaan ₹58 to make and sells for ₹71. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “money spent to get it” is the selling price. (a) False (b) True
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  31. 31.It costs ₹10 to make one friendship band. On the last day Gurpreet sells it for only ₹6. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.Lakshmi makes 8 glasses of chai at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  34. 34.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  35. 35.It costs ₹62 to make one glass of chai. On the last day Zoya sells it for only ₹60. How much is the loss on one (in ₹)?
  36. 36.It costs ₹23 to make one glass of chai. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  37. 37.One paper bookmark costs Tara ₹51 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One friendship band costs Gurpreet ₹29 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One jute bag costs Ananya ₹36 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “the price you sell at” is the cost price. (a) True (b) False

Answer key

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

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