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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 300 · 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.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  2. 2.One jute bag costs Saanvi ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹14 to make one bag of popcorn. Saanvi sells it for ₹16. What is the profit on one (in ₹)?
  4. 4.It costs ₹41 to make one glass of chai. On the last day Dev sells it for only ₹32. How much is the loss on one (in ₹)?
  5. 5.It costs ₹36 to make one cup of lemonade. On the last day Aarav sells it for only ₹35. How much is the loss on one (in ₹)?
  6. 6.One paper bookmark costs ₹49 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.True or false: “money spent to get it” is the selling price. (a) False (b) True
  13. 13.One paper bookmark costs ₹16 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.One handmade card costs Diya ₹55 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.True or false: “cost of making one” is the selling price. (a) False (b) True
  17. 17.It costs ₹40 to make one friendship band. On the last day Saanvi sells it for only ₹32. How much is the loss on one (in ₹)?
  18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.One glass of chai costs Ananya ₹22 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹20 to make one handmade card. Ananya sells it for ₹21. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹59 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹39 to make one potted plant. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.It costs ₹52 to make one handmade card. On the last day Tara sells it for only ₹51. How much is the loss on one (in ₹)?
  26. 26.One cupcake costs Farhan ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Kavya makes 30 painted pebbles at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  28. 28.It costs ₹51 to make one cupcake. On the last day Vihaan sells it for only ₹43. How much is the loss on one (in ₹)?
  29. 29.It costs ₹68 to make one potted plant. On the last day Gurpreet sells it for only ₹58. How much is the loss on one (in ₹)?
  30. 30.It costs ₹41 to make one cupcake. Gurpreet sells it for ₹54. What is the profit on one (in ₹)?
  31. 31.It costs ₹17 to make one jute bag. On the last day Meera sells it for only ₹11. How much is the loss on one (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.It costs ₹6 to make one jute bag. Aarav sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.It costs ₹28 to make one paper bookmark. On the last day Zoya sells it for only ₹22. How much is the loss on one (in ₹)?
  35. 35.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.It costs ₹46 to make one cupcake. Rohan sells it for ₹50. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.It costs ₹28 to make one paper bookmark. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  40. 40.It costs ₹57 to make one glass of chai. Ananya sells it for ₹74. What is the profit on one (in ₹)?

Answer key

  1. what the buyer pays
  2. Profit
  3. 2
  4. 9
  5. 1
  6. 51
  7. what it cost you
  8. cost price
  9. SP less than CP
  10. True
  11. cost price
  12. False
  13. 17
  14. Loss
  15. selling price
  16. False
  17. 8
  18. True
  19. True
  20. Loss
  21. 1
  22. 66
  23. 6
  24. selling price
  25. 1
  26. Loss
  27. 330
  28. 8
  29. 10
  30. 13
  31. 6
  32. False
  33. 20
  34. 6
  35. SP more than CP
  36. False
  37. 4
  38. selling price
  39. 1
  40. 17

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