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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 953 · 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) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  2. 2.Gurpreet makes 28 clay diyas at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  13. 13.One cup of lemonade costs ₹11 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  18. 18.It costs ₹54 to make one painted pebble. On the last day Dev sells it for only ₹44. How much is the loss on one (in ₹)?
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.One fruit cup costs ₹60 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “money got from a sale” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.One fruit cup costs ₹27 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹33 to make one jute bag. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  25. 25.It costs ₹27 to make one jute bag. On the last day Joseph sells it for only ₹18. How much is the loss on one (in ₹)?
  26. 26.One cup of lemonade costs Gurpreet ₹31 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹13 to make one potted plant. On the last day Arjun sells it for only ₹9. How much is the loss on one (in ₹)?
  28. 28.One bag of popcorn costs Kabir ₹55 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One paper bookmark costs ₹41 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.Farhan makes 26 friendship bands at a cost of ₹40 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  31. 31.True or false: “cost of making one” is the cost price. (a) False (b) True
  32. 32.It costs ₹22 to make one glass of chai. Meera sells it for ₹24. What is the profit on one (in ₹)?
  33. 33.It costs ₹41 to make one cupcake. On the last day Arjun sells it for only ₹35. How much is the loss on one (in ₹)?
  34. 34.It costs ₹30 to make one friendship band. Dev sells it for ₹45. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹32 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹22 to make one painted pebble. Joseph sells it for ₹23. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹23 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹43 to make one clay diya. On the last day Farhan sells it for only ₹41. How much is the loss on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the cost price. (a) False (b) True
  40. 40.True or false: “what a customer pays” is the cost price. (a) False (b) True

Answer key

  1. what the buyer pays
  2. 392
  3. cost price
  4. selling price
  5. selling price
  6. False
  7. cost price
  8. SP more than CP
  9. False
  10. False
  11. cost price
  12. SP less than CP
  13. 16
  14. what it cost you
  15. selling price
  16. False
  17. selling price
  18. 10
  19. False
  20. 74
  21. False
  22. cost price
  23. 47
  24. 4
  25. 9
  26. Loss
  27. 4
  28. Profit
  29. 42
  30. 104
  31. True
  32. 2
  33. 6
  34. 15
  35. 44
  36. 1
  37. 26
  38. 2
  39. True
  40. False

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