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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 287 · 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.It costs ₹35 to make one glass of chai. Arjun sells it for ₹40. What is the profit on one (in ₹)?
  2. 2.It costs ₹38 to make one glass of chai. On the last day Kavya sells it for only ₹35. How much is the loss on one (in ₹)?
  3. 3.It costs ₹53 to make one paper bookmark. Farhan sells it for ₹73. What is the profit on one (in ₹)?
  4. 4.It costs ₹46 to make one bag of popcorn. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  5. 5.It costs ₹13 to make one glass of chai. On the last day Vihaan sells it for only ₹8. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.True or false: “the price on your board” is the selling price. (a) False (b) True
  8. 8.It costs ₹13 to make one glass of chai. Nisha sells it for ₹29. What is the profit on one (in ₹)?
  9. 9.True or false: “money spent to get it” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.It costs ₹5 to make one jute bag. Dev sells it for ₹9. What is the profit on one (in ₹)?
  12. 12.It costs ₹27 to make one cupcake. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  13. 13.One cupcake costs Arjun ₹51 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “money got from a sale” is the cost price. (a) True (b) False
  15. 15.It costs ₹26 to make one clay diya. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹41 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  17. 17.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  18. 18.Joseph makes 7 handmade cards at a cost of ₹24 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.It costs ₹7 to make one paper bookmark. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.True or false: “what a customer pays” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  25. 25.It costs ₹28 to make one painted pebble. On the last day Riya sells it for only ₹19. How much is the loss on one (in ₹)?
  26. 26.It costs ₹28 to make one handmade card. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  31. 31.One fruit cup costs Zoya ₹52 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One potted plant costs Joseph ₹59 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  34. 34.It costs ₹34 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹31. How much is the loss on one (in ₹)?
  35. 35.It costs ₹24 to make one handmade card. Saanvi sells it for ₹38. What is the profit on one (in ₹)?
  36. 36.One clay diya costs Kavya ₹54 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹36 to make one friendship band. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  38. 38.One cupcake costs Riya ₹20 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  40. 40.True or false: “cost of making one” is the selling price. (a) False (b) True

Answer key

  1. 5
  2. 3
  3. 20
  4. 1
  5. 5
  6. selling price
  7. True
  8. 16
  9. True
  10. selling price
  11. 4
  12. 7
  13. Loss
  14. False
  15. 14
  16. 48
  17. SP less than CP
  18. 49
  19. True
  20. 1
  21. False
  22. cost price
  23. False
  24. cost price
  25. 9
  26. 6
  27. cost price
  28. False
  29. selling price
  30. what the buyer pays
  31. Profit
  32. Loss
  33. selling price
  34. 3
  35. 14
  36. Profit
  37. 4
  38. Loss
  39. True
  40. False

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