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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 936 · 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: “money got from a sale” is the cost price. (a) False (b) True
  2. 2.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  3. 3.One friendship band costs ₹47 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.One painted pebble costs ₹13 to make. Vihaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.Kavya makes 7 glasses of chai at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  7. 7.Vihaan makes 8 paper bookmarks at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  8. 8.Vihaan makes 19 glasses of chai at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  9. 9.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  10. 10.True or false: “what a customer pays” is the cost price. (a) False (b) True
  11. 11.One potted plant costs ₹54 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  12. 12.Tara makes 9 glasses of chai at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.It costs ₹36 to make one cup of lemonade. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  16. 16.It costs ₹68 to make one fruit cup. On the last day Kabir sells it for only ₹58. How much is the loss on one (in ₹)?
  17. 17.It costs ₹41 to make one cup of lemonade. Dev sells it for ₹46. What is the profit on one (in ₹)?
  18. 18.It costs ₹59 to make one clay diya. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs Ishaan ₹21 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Dev makes 30 cupcakes at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  21. 21.One painted pebble costs Aarav ₹29 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One potted plant costs ₹16 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what you paid for it” is the selling price. (a) False (b) True
  24. 24.One glass of chai costs ₹17 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “cost of making one” is the selling price. (a) False (b) True
  26. 26.Tara makes 9 painted pebbles at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.Dev makes 5 cupcakes at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  31. 31.It costs ₹17 to make one painted pebble. Tara sells it for ₹21. What is the profit on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.One fruit cup costs ₹51 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.It costs ₹12 to make one cupcake. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.True or false: “money spent to get it” is the cost price. (a) True (b) False
  39. 39.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  40. 40.One potted plant costs ₹30 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. SP less than CP
  3. 54
  4. 24
  5. selling price
  6. 63
  7. 96
  8. 19
  9. what the buyer pays
  10. False
  11. 67
  12. 9
  13. selling price
  14. selling price
  15. 12
  16. 10
  17. 5
  18. 4
  19. Profit
  20. 90
  21. Loss
  22. 28
  23. False
  24. 26
  25. False
  26. 108
  27. cost price
  28. False
  29. cost price
  30. 5
  31. 4
  32. True
  33. 57
  34. True
  35. cost price
  36. 4
  37. selling price
  38. True
  39. what it cost you
  40. 45

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