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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 141 · 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: “money spent to get it” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.It costs ₹7 to make one glass of chai. Aarav sells it for ₹10. What is the profit on one (in ₹)?
  4. 4.True or false: “money got from a sale” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.It costs ₹17 to make one clay diya. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?
  7. 7.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  8. 8.It costs ₹7 to make one friendship band. Vihaan sells it for ₹26. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs Vihaan ₹59 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.True or false: “what a customer pays” is the selling price. (a) False (b) True
  11. 11.It costs ₹19 to make one fruit cup. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  12. 12.One bag of popcorn costs Dev ₹57 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹18 to make one handmade card. On the last day Saanvi sells it for only ₹12. How much is the loss on one (in ₹)?
  14. 14.Saanvi makes 10 cups of lemonade at a cost of ₹24 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.It costs ₹16 to make one jute bag. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  17. 17.It costs ₹16 to make one painted pebble. On the last day Vihaan sells it for only ₹8. How much is the loss on one (in ₹)?
  18. 18.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  19. 19.It costs ₹10 to make one handmade card. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.One bag of popcorn costs Dev ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.True or false: “the price on your board” is the cost price. (a) False (b) True
  24. 24.It costs ₹44 to make one bag of popcorn. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.True or false: “money spent to get it” is the cost price. (a) True (b) False
  27. 27.Zoya makes 8 paper bookmarks at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.Kavya makes 13 potted plants at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  30. 30.Diya makes 10 cups of lemonade at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  32. 32.True or false: “what you paid for it” is the selling price. (a) True (b) False
  33. 33.It costs ₹40 to make one jute bag. On the last day Meera sells it for only ₹36. How much is the loss on one (in ₹)?
  34. 34.It costs ₹35 to make one potted plant. Diya sells it for ₹49. What is the profit on one (in ₹)?
  35. 35.Arjun makes 8 clay diyas at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  36. 36.It costs ₹51 to make one friendship band. On the last day Tara sells it for only ₹50. How much is the loss on one (in ₹)?
  37. 37.It costs ₹14 to make one cupcake. Meera sells it for ₹29. What is the profit on one (in ₹)?
  38. 38.It costs ₹49 to make one cupcake. Gurpreet sells it for ₹64. What is the profit on one (in ₹)?
  39. 39.It costs ₹43 to make one jute bag. On the last day Rohan sells it for only ₹40. How much is the loss on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. False
  2. cost price
  3. 3
  4. True
  5. cost price
  6. 6
  7. SP less than CP
  8. 19
  9. Loss
  10. True
  11. 4
  12. Loss
  13. 6
  14. 10
  15. cost price
  16. 9
  17. 8
  18. what the buyer pays
  19. 3
  20. True
  21. Loss
  22. selling price
  23. False
  24. 6
  25. selling price
  26. True
  27. 64
  28. selling price
  29. 156
  30. 100
  31. what it cost you
  32. False
  33. 4
  34. 14
  35. 40
  36. 1
  37. 15
  38. 15
  39. 3
  40. True

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