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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 999 · 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) True (b) False
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  6. 6.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  7. 7.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  9. 9.Meera makes 15 potted plants at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.One painted pebble costs ₹15 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.One handmade card costs Dev ₹28 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.It costs ₹18 to make one potted plant. Tara sells it for ₹22. What is the profit on one (in ₹)?
  17. 17.Nisha makes 11 painted pebbles at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  18. 18.It costs ₹21 to make one jute bag. Ishaan sells it for ₹29. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹25 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  21. 21.Saanvi makes 28 jute bags at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.True or false: “cost of making one” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  25. 25.It costs ₹12 to make one glass of chai. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  26. 26.One glass of chai costs ₹25 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.It costs ₹44 to make one potted plant. On the last day Joseph sells it for only ₹39. How much is the loss on one (in ₹)?
  29. 29.It costs ₹31 to make one glass of chai. Aarav sells it for ₹42. What is the profit on one (in ₹)?
  30. 30.It costs ₹35 to make one handmade card. On the last day Diya sells it for only ₹29. How much is the loss on one (in ₹)?
  31. 31.One paper bookmark costs Farhan ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One glass of chai costs ₹36 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹46 to make one clay diya. On the last day Vihaan sells it for only ₹43. How much is the loss on one (in ₹)?
  34. 34.One jute bag costs Dev ₹36 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One glass of chai costs Arjun ₹21 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹31 to make one jute bag. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  37. 37.It costs ₹50 to make one cupcake. On the last day Tara sells it for only ₹42. How much is the loss on one (in ₹)?
  38. 38.True or false: “cost of making one” is the cost price. (a) True (b) False
  39. 39.One glass of chai costs Kabir ₹39 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One paper bookmark costs ₹60 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. False
  3. what it cost you
  4. True
  5. SP less than CP
  6. what the buyer pays
  7. SP more than CP
  8. cost price
  9. 90
  10. True
  11. cost price
  12. 34
  13. True
  14. Profit
  15. selling price
  16. 4
  17. 22
  18. 8
  19. 43
  20. selling price
  21. 420
  22. selling price
  23. False
  24. selling price
  25. 2
  26. 30
  27. cost price
  28. 5
  29. 11
  30. 6
  31. Loss
  32. 49
  33. 3
  34. Loss
  35. Loss
  36. 7
  37. 8
  38. True
  39. Profit
  40. 69

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