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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 291 · 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.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.It costs ₹25 to make one clay diya. On the last day Aarav sells it for only ₹23. How much is the loss on one (in ₹)?
  4. 4.One painted pebble costs Joseph ₹60 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.True or false: “what you paid for it” is the cost price. (a) True (b) False
  7. 7.One cupcake costs Dev ₹47 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.It costs ₹44 to make one jute bag. On the last day Vihaan sells it for only ₹40. How much is the loss on one (in ₹)?
  10. 10.It costs ₹26 to make one potted plant. Gurpreet sells it for ₹34. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹53 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  12. 12.Ananya makes 13 glasses of chai at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  13. 13.One cup of lemonade costs ₹7 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  14. 14.Meera makes 22 painted pebbles at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.True or false: “the price you sell at” is the cost price. (a) True (b) False
  18. 18.True or false: “what a customer pays” is the selling price. (a) True (b) False
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  20. 20.One paper bookmark costs ₹14 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  22. 22.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  23. 23.It costs ₹16 to make one cupcake. Lakshmi sells it for ₹21. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹54 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.It costs ₹7 to make one glass of chai. Nisha sells it for ₹14. What is the profit on one (in ₹)?
  27. 27.It costs ₹5 to make one painted pebble. Rohan sells it for ₹13. What is the profit on one (in ₹)?
  28. 28.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.One clay diya costs ₹57 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹55 to make one clay diya. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  32. 32.One fruit cup costs ₹23 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.One cupcake costs Vihaan ₹58 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Dev makes 17 glasses of chai at a cost of ₹27 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
  39. 39.It costs ₹19 to make one cupcake. Lakshmi sells it for ₹21. What is the profit on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

Answer key

  1. SP more than CP
  2. False
  3. 2
  4. Loss
  5. cost price
  6. True
  7. Profit
  8. True
  9. 4
  10. 8
  11. 58
  12. 52
  13. 11
  14. 22
  15. False
  16. selling price
  17. False
  18. True
  19. True
  20. 25
  21. what it cost you
  22. SP less than CP
  23. 5
  24. 58
  25. False
  26. 7
  27. 8
  28. what the buyer pays
  29. False
  30. 72
  31. 3
  32. 41
  33. Loss
  34. 238
  35. selling price
  36. selling price
  37. True
  38. False
  39. 2
  40. False

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