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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 110 · 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 equal to CP (b) SP more than CP (c) SP less than CP (d) always
  2. 2.True or false: “money spent to get it” is the cost price. (a) False (b) True
  3. 3.Joseph makes 28 glasses of chai at a cost of ₹6 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.One jute bag costs Ananya ₹38 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.One glass of chai costs ₹9 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹40 to make one painted pebble. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.It costs ₹55 to make one bag of popcorn. Lakshmi sells it for ₹75. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.It costs ₹31 to make one fruit cup. On the last day Saanvi sells it for only ₹30. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.It costs ₹30 to make one clay diya. On the last day Kabir sells it for only ₹25. How much is the loss on one (in ₹)?
  14. 14.One jute bag costs ₹56 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
  16. 16.It costs ₹5 to make one fruit cup. Ananya sells it for ₹17. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  18. 18.It costs ₹65 to make one handmade card. On the last day Joseph sells it for only ₹60. How much is the loss on one (in ₹)?
  19. 19.It costs ₹34 to make one cup of lemonade. On the last day Meera sells it for only ₹32. How much is the loss on one (in ₹)?
  20. 20.Farhan makes 19 handmade cards at a cost of ₹30 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  21. 21.Meera makes 11 paper bookmarks at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  22. 22.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  23. 23.One fruit cup costs Ishaan ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹58 to make one painted pebble. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  25. 25.One cupcake costs Arjun ₹26 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹20 to make one jute bag. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.True or false: “money got from a sale” is the selling price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.True or false: “cost of making one” is the cost price. (a) False (b) True
  31. 31.It costs ₹10 to make one bag of popcorn. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) False (b) True
  33. 33.It costs ₹38 to make one painted pebble. On the last day Nisha sells it for only ₹28. How much is the loss on one (in ₹)?
  34. 34.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  35. 35.It costs ₹20 to make one fruit cup. On the last day Riya sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.One jute bag costs Joseph ₹27 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.True or false: “what a customer pays” is the selling price. (a) True (b) False

Answer key

  1. SP less than CP
  2. True
  3. 196
  4. cost price
  5. Profit
  6. 28
  7. 1
  8. cost price
  9. 20
  10. selling price
  11. 1
  12. cost price
  13. 5
  14. 57
  15. False
  16. 12
  17. what it cost you
  18. 5
  19. 2
  20. 133
  21. 154
  22. what the buyer pays
  23. Loss
  24. 3
  25. Profit
  26. 6
  27. selling price
  28. True
  29. False
  30. True
  31. 18
  32. True
  33. 10
  34. SP more than CP
  35. 9
  36. False
  37. False
  38. Profit
  39. selling price
  40. True

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