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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 954 · 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.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  2. 2.It costs ₹24 to make one friendship band. On the last day Joseph sells it for only ₹16. How much is the loss on one (in ₹)?
  3. 3.It costs ₹19 to make one painted pebble. On the last day Dev sells it for only ₹17. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.It costs ₹14 to make one paper bookmark. Diya sells it for ₹23. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.It costs ₹12 to make one friendship band. Ishaan sells it for ₹25. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs Riya ₹45 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.One glass of chai costs ₹46 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹36 to make one glass of chai. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  14. 14.It costs ₹41 to make one handmade card. On the last day Gurpreet sells it for only ₹34. How much is the loss on one (in ₹)?
  15. 15.One painted pebble costs Kabir ₹29 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.True or false: “what a customer pays” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  19. 19.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  20. 20.One bag of popcorn costs ₹13 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.Diya makes 14 glasses of chai at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  22. 22.One painted pebble costs Tara ₹37 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.One paper bookmark costs ₹6 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  28. 28.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  29. 29.Arjun makes 28 glasses of chai at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
  31. 31.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  32. 32.It costs ₹26 to make one fruit cup. On the last day Ishaan sells it for only ₹16. How much is the loss on one (in ₹)?
  33. 33.It costs ₹20 to make one cup of lemonade. Riya sells it for ₹24. What is the profit on one (in ₹)?
  34. 34.It costs ₹45 to make one potted plant. Rohan sells it for ₹62. What is the profit on one (in ₹)?
  35. 35.One friendship band costs Rohan ₹60 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹11 to make one glass of chai. Riya sells it for ₹13. What is the profit on one (in ₹)?
  37. 37.One cupcake costs Dev ₹49 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One cup of lemonade costs Rohan ₹50 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.One handmade card costs ₹35 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. 8
  3. 2
  4. selling price
  5. False
  6. 9
  7. selling price
  8. 13
  9. Loss
  10. cost price
  11. True
  12. 56
  13. 17
  14. 7
  15. Loss
  16. True
  17. False
  18. cost price
  19. what the buyer pays
  20. 27
  21. 182
  22. Profit
  23. False
  24. 25
  25. False
  26. cost price
  27. selling price
  28. selling price
  29. 336
  30. False
  31. SP more than CP
  32. 10
  33. 4
  34. 17
  35. Loss
  36. 2
  37. Profit
  38. Profit
  39. False
  40. 37

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