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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 160 · 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.It costs ₹60 to make one bag of popcorn. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  2. 2.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.It costs ₹62 to make one clay diya. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  5. 5.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.True or false: “money spent to get it” is the cost price. (a) True (b) False
  9. 9.Kabir makes 26 paper bookmarks at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  10. 10.It costs ₹24 to make one glass of chai. Zoya sells it for ₹43. What is the profit on one (in ₹)?
  11. 11.One jute bag costs Ishaan ₹42 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.Lakshmi makes 9 jute bags at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.One clay diya costs Rohan ₹30 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹12 to make one friendship band. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  16. 16.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  17. 17.One glass of chai costs Riya ₹24 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.One handmade card costs Ishaan ₹53 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Ananya makes 27 potted plants at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  21. 21.It costs ₹59 to make one cupcake. Zoya sells it for ₹79. What is the profit on one (in ₹)?
  22. 22.It costs ₹27 to make one glass of chai. On the last day Kabir sells it for only ₹18. How much is the loss on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.It costs ₹11 to make one paper bookmark. On the last day Lakshmi sells it for only ₹9. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.It costs ₹22 to make one jute bag. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  27. 27.It costs ₹11 to make one glass of chai. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
  31. 31.It costs ₹54 to make one clay diya. On the last day Dev sells it for only ₹53. How much is the loss on one (in ₹)?
  32. 32.One jute bag costs ₹17 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.One jute bag costs Riya ₹36 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Tara makes 11 paper bookmarks at a cost of ₹40 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  37. 37.It costs ₹35 to make one jute bag. Kavya sells it for ₹41. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹17 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.True or false: “the price you sell at” is the cost price. (a) True (b) False

Answer key

  1. 7
  2. what the buyer pays
  3. cost price
  4. 3
  5. SP more than CP
  6. cost price
  7. True
  8. True
  9. 26
  10. 19
  11. Loss
  12. 45
  13. selling price
  14. Profit
  15. 6
  16. SP less than CP
  17. Loss
  18. selling price
  19. Profit
  20. 54
  21. 20
  22. 9
  23. True
  24. 2
  25. cost price
  26. 12
  27. 5
  28. cost price
  29. True
  30. False
  31. 1
  32. 26
  33. True
  34. selling price
  35. Profit
  36. 154
  37. 6
  38. 29
  39. selling price
  40. False

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