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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 180 · 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.One paper bookmark costs ₹43 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.True or false: “money got from a sale” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  7. 7.One clay diya costs Aarav ₹54 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.Meera makes 18 cups of lemonade at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  10. 10.One handmade card costs Vihaan ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.One cupcake costs Rohan ₹21 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹5 to make one jute bag. Ananya sells it for ₹25. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.It costs ₹38 to make one friendship band. Zoya sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.It costs ₹53 to make one cup of lemonade. Gurpreet sells it for ₹73. What is the profit on one (in ₹)?
  18. 18.It costs ₹26 to make one jute bag. On the last day Aarav sells it for only ₹18. How much is the loss on one (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.One glass of chai costs ₹49 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹54 to make one clay diya. Ananya sells it for ₹72. What is the profit on one (in ₹)?
  22. 22.One friendship band costs Diya ₹32 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  24. 24.It costs ₹45 to make one fruit cup. On the last day Zoya sells it for only ₹43. How much is the loss on one (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  28. 28.It costs ₹44 to make one fruit cup. Gurpreet sells it for ₹51. What is the profit on one (in ₹)?
  29. 29.True or false: “what a customer pays” is the selling price. (a) False (b) True
  30. 30.One glass of chai costs ₹11 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “money spent to get it” is the selling price. (a) False (b) True
  32. 32.One jute bag costs Kavya ₹34 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹12 to make one paper bookmark. Aarav sells it for ₹21. What is the profit on one (in ₹)?
  34. 34.One jute bag costs Zoya ₹59 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “what you paid for it” is the cost price. (a) False (b) True
  36. 36.It costs ₹16 to make one jute bag. Nisha sells it for ₹23. What is the profit on one (in ₹)?
  37. 37.It costs ₹51 to make one cup of lemonade. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  38. 38.It costs ₹26 to make one handmade card. Saanvi sells it for ₹40. What is the profit on one (in ₹)?
  39. 39.It costs ₹43 to make one bag of popcorn. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  40. 40.One clay diya costs Nisha ₹46 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 62
  2. what the buyer pays
  3. cost price
  4. True
  5. cost price
  6. what it cost you
  7. Profit
  8. True
  9. 90
  10. Profit
  11. SP less than CP
  12. selling price
  13. Loss
  14. 20
  15. selling price
  16. 8
  17. 20
  18. 8
  19. False
  20. 56
  21. 18
  22. Profit
  23. selling price
  24. 2
  25. False
  26. cost price
  27. SP more than CP
  28. 7
  29. True
  30. 16
  31. False
  32. Profit
  33. 9
  34. Profit
  35. True
  36. 7
  37. 1
  38. 14
  39. 10
  40. Loss

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