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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 99 · 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: “money got from a sale” is the selling price. (a) False (b) True
  2. 2.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  3. 3.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  4. 4.One handmade card costs ₹30 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.It costs ₹58 to make one handmade card. Ananya sells it for ₹68. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.Rohan makes 12 potted plants at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  9. 9.One cupcake costs ₹5 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.One painted pebble costs Ananya ₹59 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.Tara makes 15 painted pebbles at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  13. 13.It costs ₹38 to make one cupcake. On the last day Farhan sells it for only ₹31. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  15. 15.It costs ₹10 to make one clay diya. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  16. 16.True or false: “the price you sell at” is the cost price. (a) False (b) True
  17. 17.It costs ₹15 to make one glass of chai. Nisha sells it for ₹24. What is the profit on one (in ₹)?
  18. 18.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  19. 19.One cup of lemonade costs ₹47 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  21. 21.Kabir makes 9 friendship bands at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) False (b) True
  23. 23.It costs ₹18 to make one glass of chai. Dev sells it for ₹31. What is the profit on one (in ₹)?
  24. 24.It costs ₹24 to make one potted plant. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?
  25. 25.One painted pebble costs ₹9 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹38 to make one handmade card. On the last day Lakshmi sells it for only ₹35. How much is the loss on one (in ₹)?
  27. 27.It costs ₹14 to make one glass of chai. On the last day Saanvi sells it for only ₹7. How much is the loss on one (in ₹)?
  28. 28.Joseph makes 28 friendship bands at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  29. 29.One painted pebble costs ₹53 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.It costs ₹30 to make one cup of lemonade. Nisha sells it for ₹46. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹26 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  33. 33.One paper bookmark costs ₹20 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.One fruit cup costs ₹33 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “what you paid for it” is the cost price. (a) False (b) True
  37. 37.One painted pebble costs Aarav ₹38 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.True or false: “what a customer pays” is the selling price. (a) True (b) False
  39. 39.It costs ₹40 to make one friendship band. Vihaan sells it for ₹51. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price

Answer key

  1. True
  2. what the buyer pays
  3. SP more than CP
  4. 42
  5. cost price
  6. 10
  7. selling price
  8. 24
  9. 25
  10. cost price
  11. Profit
  12. 135
  13. 7
  14. cost price
  15. 13
  16. False
  17. 9
  18. SP less than CP
  19. 66
  20. what it cost you
  21. 54
  22. False
  23. 13
  24. 7
  25. 14
  26. 3
  27. 7
  28. 392
  29. 54
  30. True
  31. 16
  32. 38
  33. 22
  34. selling price
  35. 40
  36. True
  37. Loss
  38. True
  39. 11
  40. cost price

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