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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 267 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.It costs ₹23 to make one bag of popcorn. On the last day Arjun sells it for only ₹17. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  5. 5.One cupcake costs Riya ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.One jute bag costs Vihaan ₹53 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹14 to make one fruit cup. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.Farhan makes 23 bags of popcorn at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  13. 13.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.One painted pebble costs Rohan ₹41 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹40 to make one potted plant. On the last day Rohan sells it for only ₹39. How much is the loss on one (in ₹)?
  17. 17.It costs ₹14 to make one glass of chai. On the last day Vihaan sells it for only ₹6. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  19. 19.One bag of popcorn costs Tara ₹22 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “money got from a sale” is the selling price. (a) True (b) False
  21. 21.One handmade card costs Nisha ₹22 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One cupcake costs Kabir ₹43 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹63 to make one glass of chai. On the last day Nisha sells it for only ₹56. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.One cupcake costs ₹40 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  27. 27.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  28. 28.It costs ₹29 to make one bag of popcorn. On the last day Farhan sells it for only ₹23. How much is the loss on one (in ₹)?
  29. 29.Saanvi makes 21 glasses of chai at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  31. 31.It costs ₹39 to make one friendship band. Vihaan sells it for ₹42. What is the profit on one (in ₹)?
  32. 32.It costs ₹50 to make one bag of popcorn. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  33. 33.Riya makes 10 handmade cards at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  34. 34.It costs ₹51 to make one paper bookmark. Diya sells it for ₹70. What is the profit on one (in ₹)?
  35. 35.Arjun makes 6 cupcakes at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  36. 36.True or false: “money spent to get it” is the selling price. (a) True (b) False
  37. 37.One glass of chai costs Kavya ₹31 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹21 to make one handmade card. On the last day Farhan sells it for only ₹13. How much is the loss on one (in ₹)?
  39. 39.One glass of chai costs Farhan ₹56 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. cost price
  2. 6
  3. selling price
  4. SP more than CP
  5. Loss
  6. True
  7. cost price
  8. selling price
  9. Loss
  10. 13
  11. False
  12. 115
  13. SP less than CP
  14. False
  15. Profit
  16. 1
  17. 8
  18. what it cost you
  19. Loss
  20. True
  21. Profit
  22. Profit
  23. 7
  24. cost price
  25. True
  26. 53
  27. what the buyer pays
  28. 6
  29. 42
  30. selling price
  31. 3
  32. 1
  33. 30
  34. 19
  35. 78
  36. False
  37. Loss
  38. 8
  39. Loss
  40. cost price

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