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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 228 · 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 less than CP (b) SP more than CP (c) never (d) SP equal to CP
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.It costs ₹34 to make one jute bag. On the last day Meera sells it for only ₹24. How much is the loss on one (in ₹)?
  4. 4.True or false: “the price you sell at” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.It costs ₹54 to make one paper bookmark. Aarav sells it for ₹55. What is the profit on one (in ₹)?
  7. 7.It costs ₹25 to make one clay diya. On the last day Ishaan sells it for only ₹19. How much is the loss on one (in ₹)?
  8. 8.One paper bookmark costs ₹53 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹34 to make one jute bag. Saanvi sells it for ₹36. What is the profit on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  11. 11.One clay diya costs Gurpreet ₹34 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.It costs ₹51 to make one bag of popcorn. On the last day Joseph sells it for only ₹45. How much is the loss on one (in ₹)?
  14. 14.It costs ₹11 to make one glass of chai. Aarav sells it for ₹28. What is the profit on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.Diya makes 5 glasses of chai at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.Kavya makes 20 cups of lemonade at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  18. 18.True or false: “the price on your board” is the selling price. (a) True (b) False
  19. 19.It costs ₹47 to make one bag of popcorn. On the last day Aarav sells it for only ₹45. How much is the loss on one (in ₹)?
  20. 20.One cupcake costs ₹21 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  22. 22.It costs ₹16 to make one potted plant. On the last day Saanvi sells it for only ₹10. How much is the loss on one (in ₹)?
  23. 23.One paper bookmark costs ₹29 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹32 to make one cup of lemonade. Lakshmi sells it for ₹41. What is the profit on one (in ₹)?
  25. 25.Saanvi makes 21 clay diyas at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) True (b) False
  27. 27.One paper bookmark costs ₹22 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  29. 29.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  30. 30.One potted plant costs Vihaan ₹38 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.It costs ₹60 to make one clay diya. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  33. 33.One glass of chai costs ₹38 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  34. 34.One friendship band costs Arjun ₹57 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹47 to make one glass of chai. Kavya sells it for ₹60. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹18 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  37. 37.One cupcake costs Dev ₹26 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.Zoya makes 12 glasses of chai at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  40. 40.It costs ₹41 to make one paper bookmark. On the last day Zoya sells it for only ₹35. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. True
  3. 10
  4. True
  5. selling price
  6. 1
  7. 6
  8. 72
  9. 2
  10. SP less than CP
  11. Loss
  12. cost price
  13. 6
  14. 17
  15. False
  16. 30
  17. 160
  18. True
  19. 2
  20. 25
  21. what the buyer pays
  22. 6
  23. 44
  24. 9
  25. 21
  26. False
  27. 29
  28. selling price
  29. what it cost you
  30. Profit
  31. False
  32. 5
  33. 41
  34. Loss
  35. 13
  36. 36
  37. Loss
  38. True
  39. 60
  40. 6

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