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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 121 · 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.

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  1. 1.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.It costs ₹42 to make one handmade card. On the last day Zoya sells it for only ₹35. How much is the loss on one (in ₹)?
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  5. 5.True or false: “the price on your board” is the selling price. (a) True (b) False
  6. 6.True or false: “money got from a sale” is the cost price. (a) False (b) True
  7. 7.It costs ₹14 to make one bag of popcorn. Ananya sells it for ₹32. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.It costs ₹28 to make one cup of lemonade. On the last day Rohan sells it for only ₹19. How much is the loss on one (in ₹)?
  10. 10.It costs ₹11 to make one handmade card. On the last day Kavya sells it for only ₹7. How much is the loss on one (in ₹)?
  11. 11.Kavya makes 11 jute bags at a cost of ₹38 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  12. 12.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.One bag of popcorn costs Kabir ₹51 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  18. 18.One bag of popcorn costs Lakshmi ₹42 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.It costs ₹14 to make one fruit cup. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  21. 21.One painted pebble costs Joseph ₹16 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One potted plant costs Arjun ₹28 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One cupcake costs ₹25 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.One clay diya costs ₹15 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) True (b) False
  27. 27.One fruit cup costs Aarav ₹17 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.True or false: “what you paid for it” is the cost price. (a) False (b) True
  29. 29.One painted pebble costs Kavya ₹56 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹30 to make one clay diya. On the last day Aarav sells it for only ₹27. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs ₹30 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  32. 32.Aarav makes 15 fruit cups at a cost of ₹18 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.It costs ₹38 to make one cupcake. Gurpreet sells it for ₹56. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  35. 35.It costs ₹58 to make one potted plant. Rohan sells it for ₹70. What is the profit on one (in ₹)?
  36. 36.It costs ₹19 to make one potted plant. Rohan sells it for ₹28. What is the profit on one (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.It costs ₹34 to make one bag of popcorn. On the last day Farhan sells it for only ₹31. How much is the loss on one (in ₹)?
  40. 40.Arjun makes 9 friendship bands at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. cost price
  3. 7
  4. SP more than CP
  5. True
  6. False
  7. 18
  8. selling price
  9. 9
  10. 4
  11. 110
  12. what the buyer pays
  13. False
  14. selling price
  15. Profit
  16. cost price
  17. what it cost you
  18. Loss
  19. False
  20. 4
  21. Profit
  22. Profit
  23. 26
  24. cost price
  25. 17
  26. False
  27. Profit
  28. True
  29. Profit
  30. 3
  31. 49
  32. 165
  33. 18
  34. selling price
  35. 12
  36. 9
  37. False
  38. True
  39. 3
  40. 135

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