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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 231 · 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.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  2. 2.One paper bookmark costs ₹51 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹63 to make one glass of chai. On the last day Vihaan sells it for only ₹60. How much is the loss on one (in ₹)?
  4. 4.True or false: “money spent to get it” is the selling price. (a) False (b) True
  5. 5.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  7. 7.True or false: “the price on your board” is the selling price. (a) True (b) False
  8. 8.One jute bag costs ₹47 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “money got from a sale” is the selling price. (a) True (b) False
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  11. 11.It costs ₹57 to make one fruit cup. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  12. 12.It costs ₹20 to make one cupcake. Meera sells it for ₹21. What is the profit on one (in ₹)?
  13. 13.It costs ₹42 to make one jute bag. Kavya sells it for ₹46. What is the profit on one (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.One cupcake costs Aarav ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  18. 18.One paper bookmark costs Aarav ₹23 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.One painted pebble costs ₹8 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹15 to make one handmade card. Zoya sells it for ₹19. What is the profit on one (in ₹)?
  22. 22.Aarav makes 8 cups of lemonade at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  23. 23.It costs ₹20 to make one cup of lemonade. On the last day Aarav sells it for only ₹10. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.It costs ₹26 to make one paper bookmark. Dev sells it for ₹28. What is the profit on one (in ₹)?
  26. 26.It costs ₹62 to make one clay diya. On the last day Arjun sells it for only ₹53. How much is the loss on one (in ₹)?
  27. 27.It costs ₹7 to make one cup of lemonade. Arjun sells it for ₹10. What is the profit on one (in ₹)?
  28. 28.It costs ₹61 to make one cup of lemonade. On the last day Zoya sells it for only ₹57. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  30. 30.It costs ₹38 to make one clay diya. Rohan sells it for ₹45. What is the profit on one (in ₹)?
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.It costs ₹6 to make one handmade card. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
  33. 33.One fruit cup costs Vihaan ₹45 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.Aarav makes 22 bags of popcorn at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  37. 37.It costs ₹19 to make one cupcake. Dev sells it for ₹21. What is the profit on one (in ₹)?
  38. 38.It costs ₹45 to make one handmade card. On the last day Arjun sells it for only ₹38. How much is the loss on one (in ₹)?
  39. 39.One jute bag costs Riya ₹44 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.True or false: “what a customer pays” is the selling price. (a) True (b) False

Answer key

  1. cost price
  2. 54
  3. 3
  4. False
  5. what the buyer pays
  6. what it cost you
  7. True
  8. 49
  9. True
  10. SP less than CP
  11. 1
  12. 1
  13. 4
  14. False
  15. Profit
  16. cost price
  17. SP more than CP
  18. Loss
  19. selling price
  20. 16
  21. 4
  22. 8
  23. 10
  24. False
  25. 2
  26. 9
  27. 3
  28. 4
  29. selling price
  30. 7
  31. False
  32. 1
  33. Loss
  34. cost price
  35. cost price
  36. 132
  37. 2
  38. 7
  39. Profit
  40. True

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