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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 946 · 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 price on your board” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.One fruit cup costs ₹10 to make. Diya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.It costs ₹25 to make one fruit cup. Tara sells it for ₹38. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs Zoya ₹30 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One bag of popcorn costs Vihaan ₹38 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.One paper bookmark costs ₹21 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  10. 10.Nisha makes 8 cupcakes at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  11. 11.True or false: “money spent to get it” is the cost price. (a) False (b) True
  12. 12.True or false: “the price you sell at” is the selling price. (a) False (b) True
  13. 13.Arjun makes 11 jute bags at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  14. 14.It costs ₹29 to make one cupcake. On the last day Zoya sells it for only ₹26. How much is the loss on one (in ₹)?
  15. 15.One cup of lemonade costs ₹49 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “what you paid for it” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  18. 18.One handmade card costs ₹21 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.Tara makes 7 handmade cards at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  20. 20.It costs ₹19 to make one painted pebble. On the last day Vihaan sells it for only ₹9. How much is the loss on one (in ₹)?
  21. 21.One cup of lemonade costs ₹5 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  22. 22.One glass of chai costs Lakshmi ₹41 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.True or false: “what a customer pays” is the selling price. (a) True (b) False
  28. 28.It costs ₹32 to make one glass of chai. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
  29. 29.One cup of lemonade costs ₹33 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹23 to make one fruit cup. Diya sells it for ₹39. What is the profit on one (in ₹)?
  31. 31.One clay diya costs Aarav ₹40 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One painted pebble costs ₹9 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  33. 33.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  34. 34.It costs ₹6 to make one potted plant. Kavya sells it for ₹11. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹56 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.Vihaan makes 6 clay diyas at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  38. 38.Ananya makes 30 friendship bands at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  39. 39.It costs ₹31 to make one handmade card. On the last day Kavya sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. True
  2. selling price
  3. 26
  4. cost price
  5. 13
  6. Profit
  7. Loss
  8. selling price
  9. 28
  10. 48
  11. True
  12. True
  13. 22
  14. 3
  15. 61
  16. True
  17. what it cost you
  18. 37
  19. 77
  20. 10
  21. 14
  22. Loss
  23. True
  24. True
  25. SP more than CP
  26. cost price
  27. True
  28. 1
  29. 39
  30. 16
  31. Loss
  32. 14
  33. SP less than CP
  34. 5
  35. 61
  36. 12
  37. selling price
  38. 180
  39. 5
  40. False

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