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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 329 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  2. 2.One friendship band costs Arjun ₹55 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹53 to make one friendship band. Aarav sells it for ₹70. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹52 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  5. 5.One paper bookmark costs ₹10 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  7. 7.True or false: “money spent to get it” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.One friendship band costs Aarav ₹18 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹13 to make one cup of lemonade. On the last day Tara sells it for only ₹8. How much is the loss on one (in ₹)?
  11. 11.Kabir makes 6 friendship bands at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  12. 12.It costs ₹26 to make one paper bookmark. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  13. 13.One glass of chai costs Diya ₹37 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹49 to make one fruit cup. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.True or false: “money got from a sale” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.It costs ₹25 to make one jute bag. On the last day Ishaan sells it for only ₹22. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.It costs ₹48 to make one fruit cup. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  23. 23.Gurpreet makes 16 cups of lemonade at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  24. 24.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  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: money got from a sale? (a) selling price (b) cost price
  28. 28.One jute bag costs ₹9 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹44 to make one cupcake. Riya sells it for ₹46. What is the profit on one (in ₹)?
  30. 30.Zoya makes 21 cups of lemonade at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  31. 31.True or false: “cost of making one” is the selling price. (a) True (b) False
  32. 32.One clay diya costs Ishaan ₹46 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹9 to make one friendship band. On the last day Riya sells it for only ₹6. How much is the loss on one (in ₹)?
  34. 34.One clay diya costs ₹14 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹57 to make one handmade card. Meera sells it for ₹72. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹56 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹18 to make one painted pebble. On the last day Ishaan sells it for only ₹11. How much is the loss on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the selling price. (a) False (b) True
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. SP more than CP
  2. Loss
  3. 17
  4. 62
  5. 27
  6. what it cost you
  7. False
  8. cost price
  9. Profit
  10. 5
  11. 6
  12. 10
  13. Loss
  14. 9
  15. selling price
  16. False
  17. selling price
  18. cost price
  19. 3
  20. True
  21. cost price
  22. 14
  23. 112
  24. SP less than CP
  25. cost price
  26. True
  27. selling price
  28. 18
  29. 2
  30. 105
  31. False
  32. Profit
  33. 3
  34. 17
  35. 15
  36. 63
  37. 7
  38. True
  39. False
  40. True

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