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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 214 · 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 loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  2. 2.One fruit cup costs Riya ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  4. 4.One paper bookmark costs Gurpreet ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One friendship band costs Ananya ₹25 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One cupcake costs Ananya ₹56 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One clay diya costs Lakshmi ₹52 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.Riya makes 10 paper bookmarks at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  9. 9.It costs ₹46 to make one potted plant. Kabir sells it for ₹61. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs Arjun ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: what you paid for 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.True or false: “money spent to get it” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.It costs ₹36 to make one handmade card. On the last day Dev sells it for only ₹32. How much is the loss on one (in ₹)?
  17. 17.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  18. 18.One glass of chai costs Kavya ₹33 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹35 to make one cup of lemonade. Farhan sells it for ₹55. What is the profit on one (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) False (b) True
  21. 21.It costs ₹17 to make one paper bookmark. On the last day Vihaan sells it for only ₹10. How much is the loss on one (in ₹)?
  22. 22.Vihaan makes 6 cups of lemonade at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.One jute bag costs ₹17 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.It costs ₹37 to make one potted plant. Riya sells it for ₹51. What is the profit on one (in ₹)?
  28. 28.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  29. 29.Diya makes 8 painted pebbles at a cost of ₹30 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) False (b) True
  31. 31.Aarav makes 29 potted plants at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  32. 32.It costs ₹18 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹16. How much is the loss on one (in ₹)?
  33. 33.One fruit cup costs Diya ₹49 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹22 to make one painted pebble. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?
  35. 35.It costs ₹51 to make one paper bookmark. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  37. 37.True or false: “money got from a sale” is the selling price. (a) True (b) False
  38. 38.It costs ₹31 to make one clay diya. Tara sells it for ₹40. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.One potted plant costs Ishaan ₹33 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP less than CP
  2. Loss
  3. what it cost you
  4. Loss
  5. Profit
  6. Loss
  7. Profit
  8. 50
  9. 15
  10. Loss
  11. cost price
  12. cost price
  13. False
  14. selling price
  15. False
  16. 4
  17. what the buyer pays
  18. Loss
  19. 20
  20. True
  21. 7
  22. 36
  23. selling price
  24. 20
  25. True
  26. True
  27. 14
  28. SP more than CP
  29. 120
  30. True
  31. 203
  32. 2
  33. Loss
  34. 9
  35. 7
  36. cost price
  37. True
  38. 9
  39. False
  40. Profit

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