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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 320 · 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.It costs ₹58 to make one glass of chai. Diya sells it for ₹64. What is the profit on one (in ₹)?
  2. 2.True or false: “money got from a sale” is the cost price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.True or false: “cost of making one” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  6. 6.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  7. 7.It costs ₹10 to make one paper bookmark. Diya sells it for ₹28. What is the profit on one (in ₹)?
  8. 8.It costs ₹16 to make one handmade card. Zoya sells it for ₹28. What is the profit on one (in ₹)?
  9. 9.It costs ₹29 to make one bag of popcorn. Zoya sells it for ₹36. What is the profit on one (in ₹)?
  10. 10.It costs ₹14 to make one fruit cup. Joseph sells it for ₹24. What is the profit on one (in ₹)?
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  12. 12.It costs ₹55 to make one fruit cup. On the last day Rohan sells it for only ₹46. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.It costs ₹43 to make one friendship band. On the last day Gurpreet sells it for only ₹41. How much is the loss on one (in ₹)?
  15. 15.It costs ₹26 to make one clay diya. Tara sells it for ₹44. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  18. 18.One cupcake costs Farhan ₹57 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.One jute bag costs Rohan ₹36 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.One fruit cup costs Vihaan ₹60 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Riya makes 19 painted pebbles at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  26. 26.It costs ₹36 to make one fruit cup. On the last day Diya sells it for only ₹30. How much is the loss on one (in ₹)?
  27. 27.It costs ₹14 to make one paper bookmark. Lakshmi sells it for ₹28. What is the profit on one (in ₹)?
  28. 28.It costs ₹29 to make one paper bookmark. Farhan sells it for ₹45. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the cost price. (a) False (b) True
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.Tara makes 29 potted plants at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  32. 32.True or false: “what you paid for it” is the selling price. (a) True (b) False
  33. 33.True or false: “money spent to get it” is the selling price. (a) False (b) True
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.True or false: “the price you sell at” is the selling price. (a) False (b) True
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.True or false: “the price on your board” is the cost price. (a) False (b) True
  38. 38.One cup of lemonade costs Joseph ₹37 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “the price on your board” is the selling price. (a) True (b) False
  40. 40.It costs ₹10 to make one handmade card. Zoya sells it for ₹25. What is the profit on one (in ₹)?

Answer key

  1. 6
  2. False
  3. cost price
  4. False
  5. what it cost you
  6. what the buyer pays
  7. 18
  8. 12
  9. 7
  10. 10
  11. SP less than CP
  12. 9
  13. cost price
  14. 2
  15. 18
  16. cost price
  17. selling price
  18. Loss
  19. cost price
  20. False
  21. Loss
  22. selling price
  23. False
  24. Profit
  25. 247
  26. 6
  27. 14
  28. 16
  29. True
  30. True
  31. 348
  32. False
  33. False
  34. True
  35. True
  36. True
  37. False
  38. Profit
  39. True
  40. 15

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