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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 10 · 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.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  2. 2.It costs ₹40 to make one friendship band. Farhan sells it for ₹53. What is the profit on one (in ₹)?
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.Farhan makes 14 glasses of chai at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.True or false: “cost of making one” is the cost price. (a) True (b) False
  10. 10.It costs ₹59 to make one friendship band. Arjun sells it for ₹64. What is the profit on one (in ₹)?
  11. 11.True or false: “money got from a sale” is the selling price. (a) True (b) False
  12. 12.One jute bag costs Nisha ₹32 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹14 to make one glass of chai. On the last day Nisha sells it for only ₹11. How much is the loss on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.One friendship band costs Kabir ₹58 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  17. 17.It costs ₹41 to make one jute bag. Tara sells it for ₹44. What is the profit on one (in ₹)?
  18. 18.It costs ₹24 to make one handmade card. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.True or false: “what you paid for it” is the selling price. (a) False (b) True
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.Kavya makes 6 cupcakes at a cost of ₹32 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  23. 23.Zoya makes 18 cupcakes at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  24. 24.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  25. 25.Farhan makes 8 paper bookmarks at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  27. 27.True or false: “money spent to get it” is the cost price. (a) True (b) False
  28. 28.It costs ₹49 to make one bag of popcorn. On the last day Joseph sells it for only ₹48. How much is the loss on one (in ₹)?
  29. 29.Joseph makes 24 cupcakes at a cost of ₹25 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  30. 30.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  31. 31.One cup of lemonade costs Dev ₹23 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  33. 33.True or false: “money got from a sale” is the cost price. (a) True (b) False
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.Lakshmi makes 21 bags of popcorn at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  36. 36.It costs ₹43 to make one painted pebble. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹5 to make. Diya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs Farhan ₹32 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One painted pebble costs Diya ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. SP less than CP
  2. 13
  3. False
  4. selling price
  5. 182
  6. True
  7. False
  8. cost price
  9. True
  10. 5
  11. True
  12. Loss
  13. 3
  14. False
  15. Loss
  16. True
  17. 3
  18. 8
  19. False
  20. False
  21. True
  22. 54
  23. 72
  24. SP more than CP
  25. 8
  26. cost price
  27. True
  28. 1
  29. 144
  30. what the buyer pays
  31. Profit
  32. what it cost you
  33. False
  34. cost price
  35. 231
  36. 20
  37. 12
  38. Profit
  39. Loss
  40. selling price

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