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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 977 · 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) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  2. 2.It costs ₹43 to make one potted plant. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  4. 4.It costs ₹22 to make one friendship band. On the last day Riya sells it for only ₹20. How much is the loss on one (in ₹)?
  5. 5.One fruit cup costs Kabir ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.It costs ₹9 to make one cupcake. Vihaan sells it for ₹22. What is the profit on one (in ₹)?
  8. 8.True or false: “money spent to get it” is the selling price. (a) False (b) True
  9. 9.True or false: “money got from a sale” is the selling price. (a) True (b) False
  10. 10.Diya makes 20 glasses of chai at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  11. 11.It costs ₹31 to make one cup of lemonade. Saanvi sells it for ₹46. What is the profit on one (in ₹)?
  12. 12.It costs ₹27 to make one cupcake. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.True or false: “money got from a sale” is the cost price. (a) True (b) False
  15. 15.One fruit cup costs Kabir ₹51 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  17. 17.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  18. 18.It costs ₹27 to make one glass of chai. On the last day Arjun sells it for only ₹21. How much is the loss on one (in ₹)?
  19. 19.It costs ₹30 to make one glass of chai. On the last day Dev sells it for only ₹21. How much is the loss on one (in ₹)?
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.Tara makes 10 bags of popcorn at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  24. 24.One cup of lemonade costs Diya ₹25 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Saanvi makes 17 painted pebbles at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  27. 27.It costs ₹11 to make one potted plant. Kavya sells it for ₹17. What is the profit on one (in ₹)?
  28. 28.One jute bag costs Dev ₹18 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹49 to make one cupcake. Kavya sells it for ₹56. What is the profit on one (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
  31. 31.Vihaan makes 13 handmade cards at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  33. 33.It costs ₹30 to make one handmade card. Meera sells it for ₹46. What is the profit on one (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) False (b) True
  35. 35.True or false: “the price on your board” is the selling price. (a) False (b) True
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  37. 37.It costs ₹18 to make one glass of chai. On the last day Aarav sells it for only ₹8. How much is the loss on one (in ₹)?
  38. 38.One paper bookmark costs ₹52 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.One jute bag costs Joseph ₹29 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price

Answer key

  1. what the buyer pays
  2. 1
  3. True
  4. 2
  5. Loss
  6. selling price
  7. 13
  8. False
  9. True
  10. 140
  11. 15
  12. 13
  13. False
  14. False
  15. Loss
  16. SP more than CP
  17. SP less than CP
  18. 6
  19. 9
  20. True
  21. selling price
  22. selling price
  23. 80
  24. Profit
  25. 17
  26. cost price
  27. 6
  28. Profit
  29. 7
  30. False
  31. 104
  32. what it cost you
  33. 16
  34. True
  35. True
  36. cost price
  37. 10
  38. 53
  39. Loss
  40. selling price

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