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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 964 · 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.One potted plant costs Gurpreet ₹23 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One clay diya costs ₹17 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “what you paid for it” is the cost price. (a) True (b) False
  4. 4.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  5. 5.One bag of popcorn costs Ishaan ₹53 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹28 to make one cup of lemonade. Nisha sells it for ₹41. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.True or false: “the price you sell at” is the selling price. (a) False (b) True
  9. 9.One cup of lemonade costs ₹7 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  11. 11.It costs ₹38 to make one handmade card. On the last day Riya sells it for only ₹34. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  13. 13.It costs ₹18 to make one glass of chai. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  14. 14.Ishaan makes 23 clay diyas at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  16. 16.It costs ₹28 to make one paper bookmark. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  20. 20.It costs ₹63 to make one cup of lemonade. On the last day Kabir sells it for only ₹54. How much is the loss on one (in ₹)?
  21. 21.One bag of popcorn costs ₹39 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.One paper bookmark costs ₹40 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.One cup of lemonade costs Lakshmi ₹37 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.One glass of chai costs Aarav ₹24 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹33 to make one fruit cup. Lakshmi sells it for ₹51. What is the profit on one (in ₹)?
  31. 31.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  32. 32.True or false: “money got from a sale” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
  35. 35.One paper bookmark costs ₹13 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.One clay diya costs Diya ₹43 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹44 to make one potted plant. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.One painted pebble costs ₹58 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. Loss
  2. 32
  3. True
  4. what the buyer pays
  5. Profit
  6. 13
  7. selling price
  8. True
  9. 27
  10. False
  11. 4
  12. what it cost you
  13. 7
  14. 299
  15. True
  16. 2
  17. cost price
  18. SP less than CP
  19. selling price
  20. 9
  21. 47
  22. cost price
  23. True
  24. 58
  25. Profit
  26. cost price
  27. selling price
  28. False
  29. Loss
  30. 18
  31. SP more than CP
  32. False
  33. selling price
  34. False
  35. 23
  36. Loss
  37. 6
  38. cost price
  39. False
  40. 65

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