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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 910 · 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 wholesale price paid” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  4. 4.Meera makes 14 painted pebbles at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  6. 6.It costs ₹56 to make one cupcake. On the last day Diya sells it for only ₹52. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.It costs ₹59 to make one paper bookmark. Aarav sells it for ₹70. What is the profit on one (in ₹)?
  10. 10.Ananya makes 28 glasses of chai at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  14. 14.It costs ₹38 to make one handmade card. On the last day Farhan sells it for only ₹35. How much is the loss on one (in ₹)?
  15. 15.One bag of popcorn costs Lakshmi ₹37 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.Lakshmi makes 29 friendship bands at a cost of ₹9 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  17. 17.It costs ₹46 to make one cup of lemonade. Diya sells it for ₹49. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹55 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹58 to make one glass of chai. Ananya sells it for ₹65. What is the profit on one (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  22. 22.Ananya makes 7 cups of lemonade at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  25. 25.One paper bookmark costs Dev ₹58 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One paper bookmark costs Joseph ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.One friendship band costs ₹26 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  29. 29.Riya makes 5 handmade cards at a cost of ₹6 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.Farhan makes 22 paper bookmarks at a cost of ₹37 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.It costs ₹55 to make one paper bookmark. Kavya sells it for ₹64. What is the profit on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  35. 35.True or false: “money spent to get it” is the selling price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  37. 37.It costs ₹51 to make one bag of popcorn. Arjun sells it for ₹68. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹46 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  39. 39.Riya makes 25 fruit cups at a cost of ₹18 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  40. 40.It costs ₹19 to make one handmade card. On the last day Diya sells it for only ₹9. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. selling price
  3. what the buyer pays
  4. 98
  5. what it cost you
  6. 4
  7. cost price
  8. True
  9. 11
  10. 364
  11. True
  12. cost price
  13. SP more than CP
  14. 3
  15. Profit
  16. 232
  17. 3
  18. 74
  19. 7
  20. False
  21. selling price
  22. 28
  23. selling price
  24. SP less than CP
  25. Loss
  26. Loss
  27. True
  28. 29
  29. 25
  30. False
  31. 176
  32. cost price
  33. 9
  34. True
  35. False
  36. cost price
  37. 17
  38. 61
  39. 225
  40. 10

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