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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 183 · 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 profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  2. 2.One fruit cup costs Farhan ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One glass of chai costs ₹14 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.Lakshmi makes 27 cups of lemonade at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.It costs ₹6 to make one friendship band. Farhan sells it for ₹14. What is the profit on one (in ₹)?
  9. 9.True or false: “money spent to get it” is the cost price. (a) False (b) True
  10. 10.True or false: “cost of making one” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  12. 12.It costs ₹29 to make one jute bag. On the last day Diya sells it for only ₹23. How much is the loss on one (in ₹)?
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.It costs ₹52 to make one paper bookmark. Vihaan sells it for ₹67. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs Ishaan ₹40 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹66 to make one clay diya. On the last day Aarav sells it for only ₹56. How much is the loss on one (in ₹)?
  17. 17.It costs ₹15 to make one painted pebble. On the last day Saanvi sells it for only ₹11. How much is the loss on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.True or false: “the price on your board” is the cost price. (a) False (b) True
  20. 20.It costs ₹29 to make one paper bookmark. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  21. 21.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  22. 22.One jute bag costs ₹38 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  23. 23.One painted pebble costs ₹24 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money spent to get it” is the selling price. (a) True (b) False
  25. 25.True or false: “what you paid for it” is the selling price. (a) True (b) False
  26. 26.True or false: “what a customer pays” is the selling price. (a) True (b) False
  27. 27.Dev makes 27 handmade cards at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  28. 28.One painted pebble costs Saanvi ₹21 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “the price on your board” is the selling price. (a) False (b) True
  30. 30.It costs ₹24 to make one painted pebble. On the last day Dev sells it for only ₹22. How much is the loss on one (in ₹)?
  31. 31.It costs ₹12 to make one paper bookmark. Ananya sells it for ₹14. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  33. 33.It costs ₹22 to make one fruit cup. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹35 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.Lakshmi makes 24 cupcakes at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  38. 38.One fruit cup costs Dev ₹39 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.Kavya makes 13 glasses of chai at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  40. 40.One jute bag costs Tara ₹25 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP more than CP
  2. Loss
  3. 18
  4. False
  5. 243
  6. what the buyer pays
  7. cost price
  8. 8
  9. True
  10. True
  11. what it cost you
  12. 6
  13. False
  14. 15
  15. Profit
  16. 10
  17. 4
  18. True
  19. False
  20. 15
  21. SP less than CP
  22. 46
  23. 42
  24. False
  25. False
  26. True
  27. 405
  28. Loss
  29. True
  30. 2
  31. 2
  32. cost price
  33. 4
  34. 41
  35. selling price
  36. 240
  37. selling price
  38. Loss
  39. 169
  40. Profit

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