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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 944 · 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: “cost of making one” is the selling price. (a) False (b) True
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  5. 5.It costs ₹24 to make one friendship band. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.True or false: “what a customer pays” is the selling price. (a) False (b) True
  8. 8.One clay diya costs Kabir ₹26 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One jute bag costs ₹16 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the price you sell at” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  14. 14.Saanvi makes 21 cupcakes at a cost of ₹21 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  15. 15.Meera makes 28 clay diyas at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  16. 16.One cup of lemonade costs ₹57 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  17. 17.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  18. 18.One glass of chai costs ₹60 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  19. 19.One bag of popcorn costs Tara ₹48 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One paper bookmark costs Zoya ₹18 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹58 to make one potted plant. On the last day Saanvi sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  23. 23.True or false: “money got from a sale” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.Meera makes 16 handmade cards at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  27. 27.One cup of lemonade costs ₹39 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹40 to make one potted plant. Lakshmi sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹9 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  30. 30.One cupcake costs Rohan ₹39 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One friendship band costs Joseph ₹39 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹37 to make one painted pebble. Nisha sells it for ₹44. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹41 to make. Riya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹26 to make one clay diya. On the last day Arjun sells it for only ₹20. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs Kabir ₹30 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One cupcake costs Vihaan ₹16 to make and sells for ₹1. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One cupcake costs ₹49 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.One cup of lemonade costs Saanvi ₹56 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One cupcake costs Ishaan ₹28 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹44 to make one glass of chai. Tara sells it for ₹53. What is the profit on one (in ₹)?

Answer key

  1. False
  2. False
  3. False
  4. what it cost you
  5. 6
  6. True
  7. True
  8. Loss
  9. 21
  10. True
  11. selling price
  12. cost price
  13. SP less than CP
  14. 210
  15. 364
  16. 61
  17. what the buyer pays
  18. 65
  19. Loss
  20. Profit
  21. 2
  22. False
  23. False
  24. cost price
  25. selling price
  26. 96
  27. 57
  28. 13
  29. 22
  30. Loss
  31. Profit
  32. 7
  33. 48
  34. 6
  35. Profit
  36. Loss
  37. 53
  38. Profit
  39. Profit
  40. 9

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