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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 131 · 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.One cupcake costs Gurpreet ₹46 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One bag of popcorn costs Tara ₹54 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  4. 4.Gurpreet makes 16 painted pebbles at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  7. 7.It costs ₹7 to make one glass of chai. Riya sells it for ₹21. What is the profit on one (in ₹)?
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.One glass of chai costs ₹45 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.Vihaan makes 12 friendship bands at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  11. 11.It costs ₹50 to make one glass of chai. On the last day Diya sells it for only ₹42. How much is the loss on one (in ₹)?
  12. 12.Gurpreet makes 17 painted pebbles at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  13. 13.It costs ₹9 to make one friendship band. Kavya sells it for ₹25. What is the profit on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.It costs ₹40 to make one friendship band. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.One jute bag costs ₹6 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹45 to make one paper bookmark. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  19. 19.One fruit cup costs Zoya ₹43 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  21. 21.One glass of chai costs ₹17 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹53 to make one cup of lemonade. On the last day Ananya sells it for only ₹48. How much is the loss on one (in ₹)?
  23. 23.One cup of lemonade costs ₹22 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  25. 25.One friendship band costs Ananya ₹58 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One painted pebble costs Lakshmi ₹38 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.It costs ₹9 to make one friendship band. Farhan sells it for ₹14. What is the profit on one (in ₹)?
  29. 29.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  30. 30.One painted pebble costs ₹37 to make. Ishaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹11 to make one paper bookmark. Zoya sells it for ₹23. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  33. 33.It costs ₹30 to make one cup of lemonade. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.It costs ₹24 to make one jute bag. On the last day Zoya sells it for only ₹20. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  37. 37.It costs ₹46 to make one cupcake. On the last day Rohan sells it for only ₹44. How much is the loss on one (in ₹)?
  38. 38.One glass of chai costs Zoya ₹38 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One handmade card costs Meera ₹28 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹31 to make one friendship band. On the last day Rohan sells it for only ₹23. How much is the loss on one (in ₹)?

Answer key

  1. Profit
  2. Profit
  3. what the buyer pays
  4. 16
  5. False
  6. SP less than CP
  7. 14
  8. True
  9. 56
  10. 48
  11. 8
  12. 17
  13. 16
  14. True
  15. 14
  16. cost price
  17. 12
  18. 5
  19. Profit
  20. cost price
  21. 26
  22. 5
  23. 28
  24. what it cost you
  25. Loss
  26. Loss
  27. True
  28. 5
  29. SP more than CP
  30. 46
  31. 12
  32. cost price
  33. 2
  34. selling price
  35. 4
  36. selling price
  37. 2
  38. Loss
  39. Loss
  40. 8

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