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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 116 · 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.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  2. 2.It costs ₹60 to make one bag of popcorn. On the last day Arjun sells it for only ₹52. How much is the loss on one (in ₹)?
  3. 3.One jute bag costs Joseph ₹28 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One glass of chai costs ₹32 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  5. 5.One glass of chai costs ₹57 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  6. 6.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.It costs ₹13 to make one friendship band. Gurpreet sells it for ₹28. What is the profit on one (in ₹)?
  10. 10.It costs ₹33 to make one glass of chai. On the last day Zoya sells it for only ₹30. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.It costs ₹29 to make one clay diya. On the last day Riya sells it for only ₹20. How much is the loss on one (in ₹)?
  13. 13.One cupcake costs ₹17 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  15. 15.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  16. 16.It costs ₹19 to make one potted plant. Kabir sells it for ₹30. What is the profit on one (in ₹)?
  17. 17.Tara makes 10 glasses of chai at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  18. 18.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  19. 19.True or false: “money spent to get it” is the cost price. (a) False (b) True
  20. 20.True or false: “what you paid for it” is the selling price. (a) False (b) True
  21. 21.Kabir makes 27 friendship bands at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.One friendship band costs Kabir ₹52 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One friendship band costs Vihaan ₹24 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One potted plant costs Saanvi ₹23 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.It costs ₹30 to make one friendship band. Ananya sells it for ₹46. What is the profit on one (in ₹)?
  28. 28.Ishaan makes 15 potted plants at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  29. 29.Aarav makes 12 cupcakes at a cost of ₹36 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  31. 31.One clay diya costs ₹23 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.One cupcake costs ₹49 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.Kavya makes 22 bags of popcorn at a cost of ₹19 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  35. 35.One glass of chai costs ₹13 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “what you paid for it” is the cost price. (a) False (b) True
  37. 37.It costs ₹42 to make one cup of lemonade. Lakshmi sells it for ₹50. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs Diya ₹56 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One friendship band costs ₹46 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹31 to make one friendship band. On the last day Diya sells it for only ₹24. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. 8
  3. Loss
  4. 43
  5. 71
  6. SP less than CP
  7. selling price
  8. selling price
  9. 15
  10. 3
  11. cost price
  12. 9
  13. 26
  14. what it cost you
  15. what the buyer pays
  16. 11
  17. 100
  18. SP more than CP
  19. True
  20. False
  21. 297
  22. cost price
  23. Loss
  24. Loss
  25. Loss
  26. False
  27. 16
  28. 15
  29. 108
  30. cost price
  31. 27
  32. selling price
  33. 57
  34. 198
  35. 29
  36. True
  37. 8
  38. Loss
  39. 56
  40. 7

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