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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 255 · 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.True or false: “the price you sell at” is the selling price. (a) True (b) False
  2. 2.One paper bookmark costs Kabir ₹45 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One jute bag costs Meera ₹22 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.It costs ₹32 to make one glass of chai. Ishaan sells it for ₹49. What is the profit on one (in ₹)?
  6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
  7. 7.It costs ₹57 to make one handmade card. Rohan sells it for ₹63. What is the profit on one (in ₹)?
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.Dev makes 20 cupcakes at a cost of ₹29 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  13. 13.True or false: “money spent to get it” is the cost price. (a) False (b) True
  14. 14.It costs ₹46 to make one fruit cup. On the last day Farhan sells it for only ₹44. How much is the loss on one (in ₹)?
  15. 15.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  16. 16.True or false: “what you paid for it” is the selling price. (a) True (b) False
  17. 17.It costs ₹60 to make one friendship band. Aarav sells it for ₹66. What is the profit on one (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  19. 19.True or false: “what you paid for it” is the cost price. (a) True (b) False
  20. 20.It costs ₹30 to make one potted plant. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  21. 21.One glass of chai costs Saanvi ₹60 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹15 to make one clay diya. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  23. 23.It costs ₹25 to make one friendship band. Farhan sells it for ₹34. What is the profit on one (in ₹)?
  24. 24.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  25. 25.True or false: “the price you sell at” is the cost price. (a) False (b) True
  26. 26.It costs ₹22 to make one clay diya. On the last day Nisha sells it for only ₹14. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  28. 28.One clay diya costs Kavya ₹55 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹44 to make one paper bookmark. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
  30. 30.One fruit cup costs Zoya ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.It costs ₹43 to make one friendship band. Meera sells it for ₹59. What is the profit on one (in ₹)?
  33. 33.It costs ₹21 to make one painted pebble. Tara sells it for ₹29. What is the profit on one (in ₹)?
  34. 34.It costs ₹67 to make one handmade card. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the selling price. (a) True (b) False
  36. 36.It costs ₹12 to make one paper bookmark. On the last day Kavya sells it for only ₹6. How much is the loss on one (in ₹)?
  37. 37.One painted pebble costs ₹48 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹52 to make one bag of popcorn. Dev sells it for ₹63. What is the profit on one (in ₹)?
  39. 39.It costs ₹41 to make one potted plant. Tara sells it for ₹52. What is the profit on one (in ₹)?
  40. 40.It costs ₹58 to make one jute bag. Kavya sells it for ₹75. What is the profit on one (in ₹)?

Answer key

  1. True
  2. Profit
  3. Loss
  4. True
  5. 17
  6. False
  7. 6
  8. False
  9. selling price
  10. what it cost you
  11. cost price
  12. 160
  13. True
  14. 2
  15. what the buyer pays
  16. False
  17. 6
  18. SP more than CP
  19. True
  20. 5
  21. Profit
  22. 19
  23. 9
  24. SP less than CP
  25. False
  26. 8
  27. selling price
  28. Profit
  29. 9
  30. Profit
  31. cost price
  32. 16
  33. 8
  34. 10
  35. True
  36. 6
  37. 67
  38. 11
  39. 11
  40. 17

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