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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 97 · 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 wholesale price paid” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  3. 3.One glass of chai costs Lakshmi ₹41 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  6. 6.True or false: “money spent to get it” is the selling price. (a) False (b) True
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.It costs ₹57 to make one fruit cup. On the last day Gurpreet sells it for only ₹56. How much is the loss on one (in ₹)?
  9. 9.It costs ₹18 to make one paper bookmark. Ananya sells it for ₹26. What is the profit on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.It costs ₹18 to make one friendship band. On the last day Dev sells it for only ₹11. How much is the loss on one (in ₹)?
  13. 13.One painted pebble costs Rohan ₹46 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.One glass of chai costs Ananya ₹51 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Aarav makes 26 painted pebbles at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  19. 19.One painted pebble costs ₹14 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹17 to make one handmade card. Kavya sells it for ₹36. What is the profit on one (in ₹)?
  21. 21.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  22. 22.One clay diya costs ₹27 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.One handmade card costs ₹45 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  24. 24.One painted pebble costs Tara ₹28 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Zoya makes 22 paper bookmarks at a cost of ₹8 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  26. 26.Joseph makes 15 glasses of chai at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.One potted plant costs ₹27 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.It costs ₹29 to make one cup of lemonade. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  31. 31.It costs ₹56 to make one painted pebble. On the last day Ananya sells it for only ₹54. How much is the loss on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.It costs ₹58 to make one friendship band. Meera sells it for ₹59. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  35. 35.Riya makes 7 clay diyas at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  36. 36.One friendship band costs ₹59 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹55 to make one glass of chai. Diya sells it for ₹74. What is the profit on one (in ₹)?
  38. 38.It costs ₹12 to make one handmade card. Kabir sells it for ₹24. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  40. 40.It costs ₹20 to make one potted plant. On the last day Nisha sells it for only ₹16. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. what it cost you
  3. Loss
  4. cost price
  5. SP more than CP
  6. False
  7. False
  8. 1
  9. 8
  10. True
  11. cost price
  12. 7
  13. Loss
  14. selling price
  15. Profit
  16. 234
  17. cost price
  18. SP less than CP
  19. 29
  20. 19
  21. what the buyer pays
  22. 47
  23. 64
  24. Profit
  25. 176
  26. 75
  27. selling price
  28. 44
  29. True
  30. 6
  31. 2
  32. False
  33. 1
  34. cost price
  35. 21
  36. 77
  37. 19
  38. 12
  39. selling price
  40. 4

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