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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 95 · 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.

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  1. 1.True or false: “what a customer pays” is the selling price. (a) True (b) False
  2. 2.One cupcake costs Gurpreet ₹41 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One friendship band costs ₹30 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.It costs ₹6 to make one friendship band. Saanvi sells it for ₹16. What is the profit on one (in ₹)?
  6. 6.True or false: “what a customer pays” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.True or false: “money got from a sale” is the cost price. (a) False (b) True
  10. 10.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.Dev makes 18 glasses of chai at a cost of ₹35 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  15. 15.It costs ₹46 to make one painted pebble. On the last day Tara sells it for only ₹44. How much is the loss on one (in ₹)?
  16. 16.It costs ₹39 to make one painted pebble. On the last day Arjun sells it for only ₹32. How much is the loss on one (in ₹)?
  17. 17.One paper bookmark costs Diya ₹44 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹46 to make one friendship band. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  20. 20.True or false: “money spent to get it” is the cost price. (a) False (b) True
  21. 21.It costs ₹49 to make one potted plant. On the last day Ananya sells it for only ₹48. How much is the loss on one (in ₹)?
  22. 22.One glass of chai costs ₹48 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.It costs ₹42 to make one handmade card. Farhan sells it for ₹59. What is the profit on one (in ₹)?
  25. 25.It costs ₹14 to make one glass of chai. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  26. 26.Aarav makes 13 fruit cups at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  27. 27.It costs ₹11 to make one painted pebble. Ananya sells it for ₹21. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs Arjun ₹51 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.True or false: “money spent to get it” is the selling price. (a) False (b) True
  31. 31.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  32. 32.True or false: “the price on your board” is the cost price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  34. 34.One cupcake costs ₹12 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  35. 35.One fruit cup costs Diya ₹27 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  38. 38.It costs ₹22 to make one cupcake. On the last day Riya sells it for only ₹16. How much is the loss on one (in ₹)?
  39. 39.One painted pebble costs ₹33 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.Riya makes 5 cups of lemonade at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. Profit
  3. 46
  4. selling price
  5. 10
  6. False
  7. cost price
  8. selling price
  9. False
  10. SP less than CP
  11. SP more than CP
  12. True
  13. False
  14. 72
  15. 2
  16. 7
  17. Loss
  18. 4
  19. True
  20. True
  21. 1
  22. 64
  23. False
  24. 17
  25. 6
  26. 169
  27. 10
  28. Loss
  29. False
  30. False
  31. what it cost you
  32. False
  33. selling price
  34. 14
  35. Profit
  36. False
  37. cost price
  38. 6
  39. 42
  40. 70

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