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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 104 · 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 selling price. (a) False (b) True
  2. 2.Gurpreet makes 24 cups of lemonade at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  3. 3.One glass of chai costs Tara ₹51 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.It costs ₹5 to make one potted plant. Vihaan sells it for ₹21. What is the profit on one (in ₹)?
  5. 5.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  6. 6.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  7. 7.One handmade card costs ₹34 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.One clay diya costs Ishaan ₹28 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.True or false: “money spent to get it” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.One fruit cup costs ₹27 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.Meera makes 5 cupcakes at a cost of ₹25 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  14. 14.It costs ₹37 to make one friendship band. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  15. 15.It costs ₹38 to make one paper bookmark. On the last day Rohan sells it for only ₹37. How much is the loss on one (in ₹)?
  16. 16.One fruit cup costs Diya ₹38 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.True or false: “what a customer pays” is the selling price. (a) False (b) True
  19. 19.True or false: “the price you sell at” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  21. 21.Lakshmi makes 18 painted pebbles at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) False (b) True
  23. 23.It costs ₹36 to make one cup of lemonade. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  24. 24.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  25. 25.One fruit cup costs ₹42 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹38 to make one jute bag. Riya sells it for ₹49. What is the profit on one (in ₹)?
  27. 27.One jute bag costs Ishaan ₹47 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Dev makes 21 friendship bands at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  29. 29.One glass of chai costs Kabir ₹36 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹37 to make one jute bag. On the last day Gurpreet sells it for only ₹36. How much is the loss on one (in ₹)?
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.Aarav makes 18 bags of popcorn at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.It costs ₹31 to make one jute bag. On the last day Zoya sells it for only ₹30. How much is the loss on one (in ₹)?
  34. 34.It costs ₹56 to make one paper bookmark. Dev sells it for ₹65. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  38. 38.It costs ₹38 to make one cupcake. Riya sells it for ₹58. What is the profit on one (in ₹)?
  39. 39.It costs ₹19 to make one jute bag. Dev sells it for ₹38. What is the profit on one (in ₹)?
  40. 40.It costs ₹48 to make one handmade card. On the last day Rohan sells it for only ₹46. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 288
  3. Loss
  4. 16
  5. SP more than CP
  6. what the buyer pays
  7. 36
  8. Loss
  9. True
  10. selling price
  11. selling price
  12. 36
  13. 20
  14. 6
  15. 1
  16. Profit
  17. False
  18. True
  19. True
  20. cost price
  21. 216
  22. False
  23. 1
  24. SP less than CP
  25. 44
  26. 11
  27. Loss
  28. 147
  29. Loss
  30. 1
  31. True
  32. 144
  33. 1
  34. 9
  35. cost price
  36. selling price
  37. what it cost you
  38. 20
  39. 19
  40. 2

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