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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 101 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.True or false: “the price you sell at” is the cost price. (a) True (b) False
  3. 3.True or false: “the price on your board” is the selling price. (a) False (b) True
  4. 4.It costs ₹25 to make one cup of lemonade. Aarav sells it for ₹35. What is the profit on one (in ₹)?
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  9. 9.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.Zoya makes 26 potted plants at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  12. 12.It costs ₹28 to make one paper bookmark. On the last day Kabir sells it for only ₹20. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.It costs ₹24 to make one cupcake. On the last day Vihaan sells it for only ₹23. How much is the loss on one (in ₹)?
  15. 15.It costs ₹25 to make one friendship band. Dev sells it for ₹26. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹49 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  18. 18.Kavya makes 13 painted pebbles at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  20. 20.It costs ₹44 to make one paper bookmark. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  21. 21.Aarav makes 22 cups of lemonade at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.It costs ₹52 to make one glass of chai. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  24. 24.One cupcake costs Nisha ₹24 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹58 to make one fruit cup. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.It costs ₹17 to make one glass of chai. Aarav sells it for ₹19. What is the profit on one (in ₹)?
  27. 27.It costs ₹16 to make one fruit cup. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  28. 28.It costs ₹18 to make one clay diya. On the last day Zoya sells it for only ₹14. How much is the loss on one (in ₹)?
  29. 29.True or false: “what you paid for it” is the cost price. (a) False (b) True
  30. 30.It costs ₹21 to make one cupcake. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  31. 31.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  32. 32.It costs ₹10 to make one painted pebble. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  33. 33.One glass of chai costs ₹53 to make. Tara wants a profit of ₹4 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 painted pebble costs Ishaan ₹20 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹13 to make one jute bag. Meera sells it for ₹21. What is the profit on one (in ₹)?
  37. 37.Meera makes 29 fruit cups at a cost of ₹20 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.True or false: “money spent to get it” is the cost price. (a) True (b) False
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.Joseph makes 7 friendship bands at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. False
  3. True
  4. 10
  5. SP less than CP
  6. False
  7. what it cost you
  8. cost price
  9. what the buyer pays
  10. False
  11. 234
  12. 8
  13. cost price
  14. 1
  15. 1
  16. 66
  17. selling price
  18. 52
  19. True
  20. 1
  21. 22
  22. False
  23. 12
  24. Loss
  25. 4
  26. 2
  27. 2
  28. 4
  29. True
  30. 6
  31. SP more than CP
  32. 2
  33. 57
  34. selling price
  35. Loss
  36. 8
  37. 29
  38. True
  39. False
  40. 84

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