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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 258 · 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.One potted plant costs Kavya ₹25 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.It costs ₹6 to make one fruit cup. Zoya sells it for ₹16. What is the profit on one (in ₹)?
  3. 3.True or false: “the price on your board” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.It costs ₹49 to make one jute bag. On the last day Kavya sells it for only ₹44. How much is the loss on one (in ₹)?
  6. 6.One painted pebble costs Diya ₹46 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  8. 8.It costs ₹45 to make one jute bag. On the last day Dev sells it for only ₹36. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  10. 10.Aarav makes 15 cups of lemonade at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.Joseph makes 12 cups of lemonade at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  13. 13.Vihaan makes 21 painted pebbles at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  14. 14.One cup of lemonade costs Aarav ₹31 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.It costs ₹9 to make one cup of lemonade. Nisha sells it for ₹18. What is the profit on one (in ₹)?
  17. 17.True or false: “the price you sell at” is the selling price. (a) False (b) True
  18. 18.Lakshmi makes 18 paper bookmarks at a cost of ₹27 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  19. 19.One cupcake costs Tara ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Vihaan makes 12 potted plants at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.It costs ₹10 to make one handmade card. Aarav sells it for ₹29. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  24. 24.One painted pebble costs ₹42 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  25. 25.One glass of chai costs Aarav ₹20 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One handmade card costs ₹52 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  29. 29.It costs ₹49 to make one glass of chai. Meera sells it for ₹63. What is the profit on one (in ₹)?
  30. 30.It costs ₹21 to make one potted plant. Nisha sells it for ₹27. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  33. 33.It costs ₹46 to make one glass of chai. On the last day Ananya sells it for only ₹45. How much is the loss on one (in ₹)?
  34. 34.It costs ₹22 to make one cupcake. Zoya sells it for ₹42. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs Dev ₹20 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One handmade card costs Dev ₹23 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One handmade card costs Vihaan ₹19 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹16 to make one friendship band. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  39. 39.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  40. 40.One cup of lemonade costs Ananya ₹32 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. Loss
  2. 10
  3. True
  4. cost price
  5. 5
  6. Profit
  7. SP less than CP
  8. 9
  9. selling price
  10. 105
  11. selling price
  12. 12
  13. 63
  14. Loss
  15. False
  16. 9
  17. True
  18. 18
  19. Profit
  20. 84
  21. True
  22. 19
  23. what it cost you
  24. 50
  25. Loss
  26. 53
  27. False
  28. what the buyer pays
  29. 14
  30. 6
  31. selling price
  32. cost price
  33. 1
  34. 20
  35. Profit
  36. Loss
  37. Loss
  38. 5
  39. SP more than CP
  40. Profit

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