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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 274 · 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: money spent to get it? (a) cost price (b) selling price
  2. 2.One glass of chai costs Saanvi ₹52 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.Farhan makes 11 fruit cups at a cost of ₹5 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  6. 6.True or false: “money spent to get it” is the cost price. (a) False (b) True
  7. 7.Rohan makes 29 cupcakes at a cost of ₹28 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  9. 9.It costs ₹60 to make one clay diya. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?
  10. 10.One bag of popcorn costs Ananya ₹52 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One fruit cup costs ₹42 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  12. 12.One cupcake costs ₹25 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.It costs ₹19 to make one fruit cup. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  16. 16.It costs ₹27 to make one bag of popcorn. On the last day Aarav sells it for only ₹26. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
  19. 19.It costs ₹15 to make one potted plant. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  20. 20.It costs ₹24 to make one bag of popcorn. Lakshmi sells it for ₹25. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.Rohan makes 27 glasses of chai at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  23. 23.Diya makes 29 bags of popcorn at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  26. 26.True or false: “the price on your board” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.One glass of chai costs ₹10 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.One clay diya costs Lakshmi ₹18 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹26 to make one fruit cup. On the last day Kavya sells it for only ₹19. How much is the loss on one (in ₹)?
  31. 31.One cupcake costs ₹5 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  32. 32.Ishaan makes 7 paper bookmarks at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  33. 33.One handmade card costs Rohan ₹53 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹10 to make one paper bookmark. Lakshmi sells it for ₹25. What is the profit on one (in ₹)?
  35. 35.One handmade card costs Tara ₹55 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Joseph makes 15 paper bookmarks at a cost of ₹29 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  37. 37.It costs ₹47 to make one fruit cup. On the last day Tara sells it for only ₹38. How much is the loss on one (in ₹)?
  38. 38.Gurpreet makes 11 clay diyas at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  39. 39.It costs ₹33 to make one paper bookmark. On the last day Arjun sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.It costs ₹19 to make one jute bag. Vihaan sells it for ₹34. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. Loss
  3. 143
  4. SP more than CP
  5. what it cost you
  6. True
  7. 319
  8. SP less than CP
  9. 2
  10. Profit
  11. 49
  12. 43
  13. False
  14. cost price
  15. 4
  16. 1
  17. selling price
  18. True
  19. 6
  20. 1
  21. selling price
  22. 189
  23. 435
  24. selling price
  25. what the buyer pays
  26. True
  27. selling price
  28. 18
  29. Profit
  30. 7
  31. 14
  32. 7
  33. Profit
  34. 15
  35. Loss
  36. 15
  37. 9
  38. 88
  39. 7
  40. 15

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