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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 976 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  3. 3.It costs ₹58 to make one glass of chai. Vihaan sells it for ₹67. What is the profit on one (in ₹)?
  4. 4.Joseph makes 9 cups of lemonade at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.It costs ₹52 to make one fruit cup. Kabir sells it for ₹58. What is the profit on one (in ₹)?
  8. 8.True or false: “the price you sell at” is the selling price. (a) False (b) True
  9. 9.It costs ₹46 to make one fruit cup. Riya sells it for ₹54. What is the profit on one (in ₹)?
  10. 10.Vihaan makes 20 friendship bands at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.True or false: “what you paid for it” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.It costs ₹49 to make one glass of chai. On the last day Meera sells it for only ₹43. How much is the loss on one (in ₹)?
  20. 20.It costs ₹13 to make one fruit cup. Kavya sells it for ₹31. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.It costs ₹45 to make one handmade card. On the last day Gurpreet sells it for only ₹37. How much is the loss on one (in ₹)?
  24. 24.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  25. 25.True or false: “the price on your board” is the cost price. (a) True (b) False
  26. 26.Saanvi makes 11 jute bags at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  27. 27.It costs ₹25 to make one friendship band. Aarav sells it for ₹45. What is the profit on one (in ₹)?
  28. 28.It costs ₹56 to make one potted plant. Kavya sells it for ₹69. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.True or false: “what you paid for it” is the selling price. (a) False (b) True
  31. 31.It costs ₹20 to make one handmade card. Riya sells it for ₹38. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs Diya ₹58 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One paper bookmark costs ₹5 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.One clay diya costs Zoya ₹41 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the price you sell at” is the cost price. (a) False (b) True
  36. 36.Kavya makes 21 friendship bands at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  37. 37.It costs ₹38 to make one potted plant. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  38. 38.It costs ₹25 to make one bag of popcorn. Farhan sells it for ₹44. What is the profit on one (in ₹)?
  39. 39.It costs ₹29 to make one handmade card. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  40. 40.It costs ₹54 to make one friendship band. On the last day Arjun sells it for only ₹51. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. True
  3. 9
  4. 9
  5. cost price
  6. cost price
  7. 6
  8. True
  9. 8
  10. 40
  11. True
  12. False
  13. selling price
  14. False
  15. True
  16. selling price
  17. SP more than CP
  18. cost price
  19. 6
  20. 18
  21. cost price
  22. selling price
  23. 8
  24. what the buyer pays
  25. False
  26. 22
  27. 20
  28. 13
  29. selling price
  30. False
  31. 18
  32. Loss
  33. 21
  34. Loss
  35. False
  36. 210
  37. 9
  38. 19
  39. 9
  40. 3

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