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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 906 · 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 a customer pays” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  3. 3.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.It costs ₹16 to make one friendship band. On the last day Nisha sells it for only ₹14. How much is the loss on one (in ₹)?
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.It costs ₹18 to make one paper bookmark. On the last day Saanvi sells it for only ₹12. How much is the loss on one (in ₹)?
  10. 10.Vihaan makes 11 friendship bands at a cost of ₹23 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  11. 11.It costs ₹66 to make one fruit cup. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.One cupcake costs Lakshmi ₹18 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One painted pebble costs ₹7 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  16. 16.It costs ₹53 to make one glass of chai. On the last day Kabir sells it for only ₹49. How much is the loss on one (in ₹)?
  17. 17.True or false: “money got from a sale” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.Riya makes 29 bags of popcorn at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  20. 20.One fruit cup costs ₹18 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.Tara makes 19 paper bookmarks at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  22. 22.It costs ₹43 to make one bag of popcorn. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  23. 23.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  24. 24.One handmade card costs Meera ₹21 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.Aarav makes 30 handmade cards at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.One bag of popcorn costs ₹9 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹15 to make one fruit cup. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
  33. 33.Dev makes 10 clay diyas at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.One cupcake costs ₹48 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.It costs ₹38 to make one painted pebble. On the last day Dev sells it for only ₹36. How much is the loss on one (in ₹)?
  38. 38.It costs ₹42 to make one painted pebble. Joseph sells it for ₹53. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs Aarav ₹45 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Diya makes 5 potted plants at a cost of ₹25 each and sells all of them at ₹32 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. what it cost you
  3. SP more than CP
  4. cost price
  5. False
  6. 2
  7. False
  8. cost price
  9. 6
  10. 143
  11. 7
  12. cost price
  13. Profit
  14. 12
  15. SP less than CP
  16. 4
  17. False
  18. selling price
  19. 348
  20. 32
  21. 95
  22. 10
  23. what the buyer pays
  24. Profit
  25. cost price
  26. 450
  27. selling price
  28. selling price
  29. selling price
  30. True
  31. 14
  32. 1
  33. 70
  34. False
  35. 64
  36. True
  37. 2
  38. 11
  39. Profit
  40. 35

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