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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 913 · 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.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.True or false: “what a customer pays” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  6. 6.One fruit cup costs ₹19 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  7. 7.Aarav makes 30 jute bags at a cost of ₹29 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  8. 8.It costs ₹60 to make one glass of chai. On the last day Riya sells it for only ₹56. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.One cupcake costs ₹8 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) False (b) True
  13. 13.One clay diya costs Rohan ₹56 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “money got from a sale” is the cost price. (a) True (b) False
  15. 15.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  16. 16.One friendship band costs Saanvi ₹54 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.One jute bag costs ₹8 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  19. 19.Farhan makes 18 clay diyas at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  20. 20.Saanvi makes 21 paper bookmarks at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  21. 21.It costs ₹29 to make one fruit cup. Ananya sells it for ₹49. What is the profit on one (in ₹)?
  22. 22.Vihaan makes 20 fruit cups at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.Diya makes 12 potted plants at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  25. 25.It costs ₹25 to make one bag of popcorn. Nisha sells it for ₹30. What is the profit on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.Rohan makes 23 friendship bands at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  28. 28.Dev makes 11 cups of lemonade at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  29. 29.It costs ₹50 to make one cupcake. On the last day Saanvi sells it for only ₹44. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs ₹17 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.Joseph makes 28 fruit cups at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.It costs ₹38 to make one paper bookmark. On the last day Farhan sells it for only ₹36. How much is the loss on one (in ₹)?
  34. 34.One potted plant costs ₹27 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) True (b) False
  36. 36.It costs ₹53 to make one friendship band. On the last day Arjun sells it for only ₹46. How much is the loss on one (in ₹)?
  37. 37.Meera makes 6 cupcakes at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  38. 38.Riya makes 19 fruit cups at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price

Answer key

  1. what the buyer pays
  2. True
  3. True
  4. cost price
  5. SP more than CP
  6. 30
  7. 120
  8. 4
  9. selling price
  10. selling price
  11. 19
  12. False
  13. Loss
  14. False
  15. SP less than CP
  16. Profit
  17. True
  18. 21
  19. 126
  20. 42
  21. 20
  22. 300
  23. cost price
  24. 60
  25. 5
  26. False
  27. 230
  28. 154
  29. 6
  30. 20
  31. cost price
  32. 280
  33. 2
  34. 46
  35. True
  36. 7
  37. 30
  38. 76
  39. what it cost you
  40. cost price

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