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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 189 · 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: “the price on your board” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.One potted plant costs Gurpreet ₹45 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹27 to make one cup of lemonade. On the last day Riya sells it for only ₹18. How much is the loss on one (in ₹)?
  5. 5.Rohan makes 16 cups of lemonade at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  6. 6.One glass of chai costs Arjun ₹50 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One cupcake costs Zoya ₹51 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  9. 9.It costs ₹59 to make one jute bag. On the last day Saanvi sells it for only ₹55. How much is the loss on one (in ₹)?
  10. 10.One cupcake costs Zoya ₹33 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.It costs ₹64 to make one handmade card. On the last day Lakshmi sells it for only ₹56. How much is the loss on one (in ₹)?
  17. 17.It costs ₹16 to make one fruit cup. Joseph sells it for ₹23. What is the profit on one (in ₹)?
  18. 18.Joseph makes 19 cups of lemonade at a cost of ₹29 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  19. 19.It costs ₹37 to make one cupcake. On the last day Nisha sells it for only ₹36. How much is the loss on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  22. 22.It costs ₹14 to make one friendship band. Riya sells it for ₹17. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.It costs ₹16 to make one paper bookmark. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  26. 26.One cupcake costs ₹19 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹33 to make one handmade card. Farhan sells it for ₹34. What is the profit on one (in ₹)?
  28. 28.Meera makes 16 clay diyas at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.It costs ₹13 to make one fruit cup. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  31. 31.True or false: “money got from a sale” is the cost price. (a) True (b) False
  32. 32.One cupcake costs ₹44 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  33. 33.One friendship band costs ₹55 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹53 to make one fruit cup. On the last day Arjun sells it for only ₹50. How much is the loss on one (in ₹)?
  35. 35.One cup of lemonade costs Gurpreet ₹44 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Kabir makes 16 bags of popcorn at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  37. 37.One friendship band costs ₹22 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹44 to make one clay diya. On the last day Kabir sells it for only ₹41. How much is the loss on one (in ₹)?
  39. 39.It costs ₹35 to make one handmade card. Vihaan sells it for ₹42. What is the profit on one (in ₹)?
  40. 40.It costs ₹56 to make one cup of lemonade. On the last day Ishaan sells it for only ₹49. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. cost price
  3. Profit
  4. 9
  5. 48
  6. Profit
  7. Profit
  8. what the buyer pays
  9. 4
  10. Profit
  11. selling price
  12. what it cost you
  13. selling price
  14. SP less than CP
  15. True
  16. 8
  17. 7
  18. 76
  19. 1
  20. False
  21. SP more than CP
  22. 3
  23. selling price
  24. 3
  25. cost price
  26. 38
  27. 1
  28. 64
  29. cost price
  30. 5
  31. False
  32. 53
  33. 59
  34. 3
  35. Profit
  36. 16
  37. 32
  38. 3
  39. 7
  40. 7

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