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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 151 · 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.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  2. 2.It costs ₹54 to make one paper bookmark. Aarav sells it for ₹56. What is the profit on one (in ₹)?
  3. 3.True or false: “money got from a sale” is the cost price. (a) False (b) True
  4. 4.One potted plant costs Kavya ₹35 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹33 to make one bag of popcorn. Meera sells it for ₹51. What is the profit on one (in ₹)?
  6. 6.True or false: “what a customer pays” is the selling price. (a) True (b) False
  7. 7.One potted plant costs ₹17 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹25 to make one paper bookmark. On the last day Nisha sells it for only ₹19. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  10. 10.True or false: “the price you sell at” is the cost price. (a) False (b) True
  11. 11.True or false: “money got from a sale” is the selling price. (a) True (b) False
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  14. 14.It costs ₹24 to make one cup of lemonade. On the last day Joseph sells it for only ₹21. How much is the loss on one (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.It costs ₹30 to make one cupcake. On the last day Ananya sells it for only ₹29. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.It costs ₹47 to make one painted pebble. Aarav sells it for ₹59. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹6 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹12 to make one cupcake. On the last day Meera sells it for only ₹5. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.It costs ₹36 to make one bag of popcorn. On the last day Saanvi sells it for only ₹33. How much is the loss on one (in ₹)?
  24. 24.It costs ₹63 to make one potted plant. On the last day Rohan sells it for only ₹56. How much is the loss on one (in ₹)?
  25. 25.One bag of popcorn costs ₹50 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.Farhan makes 9 glasses of chai at a cost of ₹36 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  30. 30.It costs ₹49 to make one handmade card. Zoya sells it for ₹62. What is the profit on one (in ₹)?
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.It costs ₹31 to make one glass of chai. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.Zoya makes 26 cups of lemonade at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  35. 35.One potted plant costs ₹27 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹14 to make one cupcake. Tara sells it for ₹30. What is the profit on one (in ₹)?
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.It costs ₹52 to make one friendship band. On the last day Aarav sells it for only ₹47. How much is the loss on one (in ₹)?
  39. 39.Tara makes 12 clay diyas at a cost of ₹23 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  40. 40.It costs ₹37 to make one handmade card. Meera sells it for ₹38. What is the profit on one (in ₹)?

Answer key

  1. SP less than CP
  2. 2
  3. False
  4. Loss
  5. 18
  6. True
  7. 23
  8. 6
  9. what it cost you
  10. False
  11. True
  12. True
  13. what the buyer pays
  14. 3
  15. SP more than CP
  16. cost price
  17. 1
  18. selling price
  19. 12
  20. 7
  21. 7
  22. selling price
  23. 3
  24. 7
  25. 54
  26. cost price
  27. True
  28. False
  29. 108
  30. 13
  31. False
  32. 10
  33. cost price
  34. 78
  35. 35
  36. 16
  37. True
  38. 5
  39. 168
  40. 1

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