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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 19 · 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) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  2. 2.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  3. 3.It costs ₹31 to make one clay diya. On the last day Rohan sells it for only ₹23. How much is the loss on one (in ₹)?
  4. 4.One friendship band costs ₹19 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.Farhan makes 8 paper bookmarks at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.It costs ₹47 to make one handmade card. On the last day Dev sells it for only ₹41. How much is the loss on one (in ₹)?
  10. 10.True or false: “the price on your board” is the cost price. (a) False (b) True
  11. 11.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  12. 12.One handmade card costs ₹47 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “money spent to get it” is the selling price. (a) False (b) True
  14. 14.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  15. 15.It costs ₹32 to make one friendship band. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
  17. 17.It costs ₹43 to make one handmade card. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  18. 18.It costs ₹49 to make one handmade card. On the last day Aarav sells it for only ₹48. How much is the loss on one (in ₹)?
  19. 19.One bag of popcorn costs ₹19 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.Zoya makes 7 paper bookmarks at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.True or false: “money got from a sale” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.It costs ₹17 to make one cup of lemonade. On the last day Meera sells it for only ₹12. How much is the loss on one (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.It costs ₹9 to make one bag of popcorn. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  26. 26.One potted plant costs Farhan ₹50 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.One bag of popcorn costs ₹37 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹32 to make one painted pebble. On the last day Dev sells it for only ₹24. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹13 to make one bag of popcorn. Saanvi sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.It costs ₹59 to make one cupcake. On the last day Arjun sells it for only ₹58. How much is the loss on one (in ₹)?
  34. 34.It costs ₹12 to make one bag of popcorn. On the last day Ishaan sells it for only ₹7. How much is the loss on one (in ₹)?
  35. 35.One bag of popcorn costs ₹38 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.It costs ₹14 to make one paper bookmark. On the last day Nisha sells it for only ₹10. How much is the loss on one (in ₹)?
  38. 38.One potted plant costs Vihaan ₹58 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  40. 40.It costs ₹44 to make one painted pebble. Arjun sells it for ₹56. What is the profit on one (in ₹)?

Answer key

  1. SP more than CP
  2. what it cost you
  3. 8
  4. 21
  5. 40
  6. True
  7. selling price
  8. False
  9. 6
  10. False
  11. what the buyer pays
  12. 58
  13. False
  14. SP less than CP
  15. 1
  16. False
  17. 1
  18. 1
  19. 25
  20. 49
  21. False
  22. cost price
  23. 5
  24. True
  25. 1
  26. Loss
  27. cost price
  28. 51
  29. 8
  30. selling price
  31. 14
  32. cost price
  33. 1
  34. 5
  35. 39
  36. False
  37. 4
  38. Profit
  39. cost price
  40. 12

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