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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 33 · 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 ₹29 to make one cupcake. On the last day Farhan sells it for only ₹24. How much is the loss on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  3. 3.It costs ₹16 to make one paper bookmark. On the last day Arjun sells it for only ₹6. How much is the loss on one (in ₹)?
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  7. 7.True or false: “the price on your board” is the selling price. (a) True (b) False
  8. 8.It costs ₹34 to make one paper bookmark. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the cost price. (a) False (b) True
  10. 10.One cupcake costs ₹24 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  12. 12.One painted pebble costs Joseph ₹19 to make and sells for ₹4. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹60 to make one jute bag. Ishaan sells it for ₹69. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs Lakshmi ₹55 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹49 to make one paper bookmark. On the last day Kabir sells it for only ₹48. How much is the loss on one (in ₹)?
  16. 16.It costs ₹40 to make one fruit cup. Zoya sells it for ₹42. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.It costs ₹6 to make one clay diya. Rohan sells it for ₹14. What is the profit on one (in ₹)?
  20. 20.Vihaan makes 9 bags of popcorn at a cost of ₹13 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.It costs ₹13 to make one jute bag. On the last day Lakshmi sells it for only ₹9. How much is the loss on one (in ₹)?
  22. 22.One clay diya costs Rohan ₹50 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹41 to make one fruit cup. On the last day Nisha sells it for only ₹38. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  25. 25.One friendship band costs Arjun ₹46 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “cost of making one” is the selling price. (a) False (b) True
  27. 27.Arjun makes 28 bags of popcorn at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  28. 28.True or false: “cost of making one” is the cost price. (a) True (b) False
  29. 29.True or false: “what a customer pays” is the selling price. (a) True (b) False
  30. 30.It costs ₹32 to make one bag of popcorn. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
  31. 31.One fruit cup costs ₹29 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.It costs ₹36 to make one fruit cup. Farhan sells it for ₹55. What is the profit on one (in ₹)?
  35. 35.Kavya makes 30 bags of popcorn at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.It costs ₹41 to make one glass of chai. On the last day Lakshmi sells it for only ₹36. How much is the loss on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the cost price. (a) False (b) True
  39. 39.It costs ₹28 to make one clay diya. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  40. 40.Dev makes 9 friendship bands at a cost of ₹39 each and sells all of them at ₹53 each. What is the total profit (in ₹)?

Answer key

  1. 5
  2. SP less than CP
  3. 10
  4. False
  5. cost price
  6. SP more than CP
  7. True
  8. 8
  9. False
  10. 25
  11. what the buyer pays
  12. Loss
  13. 9
  14. Profit
  15. 1
  16. 2
  17. cost price
  18. False
  19. 8
  20. 81
  21. 4
  22. Loss
  23. 3
  24. what it cost you
  25. Loss
  26. False
  27. 308
  28. True
  29. True
  30. 1
  31. 47
  32. True
  33. cost price
  34. 19
  35. 240
  36. selling price
  37. 5
  38. False
  39. 8
  40. 126

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