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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 250 · 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: what a customer pays? (a) cost price (b) selling price
  2. 2.One painted pebble costs Dev ₹48 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “the price you sell at” is the cost price. (a) True (b) False
  4. 4.It costs ₹14 to make one clay diya. Nisha sells it for ₹18. What is the profit on one (in ₹)?
  5. 5.It costs ₹38 to make one jute bag. On the last day Zoya sells it for only ₹28. How much is the loss on one (in ₹)?
  6. 6.Aarav makes 7 glasses of chai at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.One cup of lemonade costs Zoya ₹58 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.Diya makes 9 jute bags at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  13. 13.It costs ₹43 to make one bag of popcorn. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  14. 14.It costs ₹32 to make one painted pebble. On the last day Kabir sells it for only ₹22. How much is the loss on one (in ₹)?
  15. 15.One painted pebble costs Kabir ₹55 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹55 to make one friendship band. Gurpreet sells it for ₹59. What is the profit on one (in ₹)?
  17. 17.It costs ₹9 to make one potted plant. On the last day Meera sells it for only ₹7. How much is the loss on one (in ₹)?
  18. 18.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  19. 19.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  20. 20.True or false: “what you paid for it” is the selling price. (a) False (b) True
  21. 21.Vihaan makes 19 cups of lemonade at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  22. 22.It costs ₹45 to make one clay diya. On the last day Dev sells it for only ₹43. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  24. 24.True or false: “the price on your board” is the selling price. (a) True (b) False
  25. 25.One bag of popcorn costs Zoya ₹16 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.True or false: “money got from a sale” is the cost price. (a) False (b) True
  29. 29.One glass of chai costs Gurpreet ₹53 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.Ananya makes 8 potted plants at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  31. 31.True or false: “cost of making one” is the selling price. (a) True (b) False
  32. 32.True or false: “money spent to get it” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.Lakshmi makes 23 jute bags at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  35. 35.True or false: “what you paid for it” is the cost price. (a) True (b) False
  36. 36.True or false: “what a customer pays” is the selling price. (a) False (b) True
  37. 37.It costs ₹60 to make one jute bag. On the last day Saanvi sells it for only ₹56. How much is the loss on one (in ₹)?
  38. 38.It costs ₹29 to make one glass of chai. Meera sells it for ₹39. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  40. 40.It costs ₹11 to make one handmade card. Rohan sells it for ₹14. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. Loss
  3. False
  4. 4
  5. 10
  6. 35
  7. selling price
  8. Loss
  9. True
  10. 126
  11. selling price
  12. SP more than CP
  13. 2
  14. 10
  15. Profit
  16. 4
  17. 2
  18. what the buyer pays
  19. SP less than CP
  20. False
  21. 247
  22. 2
  23. what it cost you
  24. True
  25. Profit
  26. cost price
  27. cost price
  28. False
  29. Loss
  30. 96
  31. False
  32. False
  33. cost price
  34. 299
  35. True
  36. True
  37. 4
  38. 10
  39. selling price
  40. 3

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