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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 198 · 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.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  2. 2.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  3. 3.It costs ₹17 to make one glass of chai. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  4. 4.Farhan makes 6 bags of popcorn at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.Ishaan makes 21 clay diyas at a cost of ₹19 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  10. 10.True or false: “money spent to get it” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.One painted pebble costs ₹50 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹60 to make one glass of chai. On the last day Diya sells it for only ₹58. How much is the loss on one (in ₹)?
  15. 15.Kavya makes 8 handmade cards at a cost of ₹20 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) True (b) False
  17. 17.It costs ₹58 to make one painted pebble. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.It costs ₹25 to make one fruit cup. Dev sells it for ₹26. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.It costs ₹47 to make one paper bookmark. Zoya sells it for ₹65. What is the profit on one (in ₹)?
  22. 22.True or false: “cost of making one” is the cost price. (a) True (b) False
  23. 23.True or false: “what a customer pays” is the selling price. (a) False (b) True
  24. 24.Gurpreet makes 23 glasses of chai at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  26. 26.One friendship band costs Saanvi ₹37 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Meera makes 21 bags of popcorn at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  28. 28.One glass of chai costs Diya ₹37 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.Farhan makes 19 glasses of chai at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  30. 30.One friendship band costs Vihaan ₹49 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹65 to make one fruit cup. On the last day Diya sells it for only ₹57. How much is the loss on one (in ₹)?
  32. 32.One painted pebble costs Nisha ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  34. 34.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  35. 35.It costs ₹25 to make one clay diya. On the last day Nisha sells it for only ₹17. How much is the loss on one (in ₹)?
  36. 36.One fruit cup costs Aarav ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money got from a sale” is the cost price. (a) True (b) False
  38. 38.Zoya makes 26 potted plants at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.It costs ₹56 to make one paper bookmark. Meera sells it for ₹71. What is the profit on one (in ₹)?
  40. 40.Farhan makes 17 glasses of chai at a cost of ₹30 each and sells all of them at ₹32 each. What is the total profit (in ₹)?

Answer key

  1. SP more than CP
  2. SP less than CP
  3. 3
  4. 30
  5. cost price
  6. 168
  7. what it cost you
  8. False
  9. what the buyer pays
  10. False
  11. cost price
  12. cost price
  13. 66
  14. 2
  15. 96
  16. False
  17. 2
  18. True
  19. 1
  20. selling price
  21. 18
  22. True
  23. True
  24. 46
  25. False
  26. Profit
  27. 63
  28. Loss
  29. 152
  30. Profit
  31. 8
  32. Loss
  33. True
  34. selling price
  35. 8
  36. Profit
  37. False
  38. 286
  39. 15
  40. 34

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