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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 334 · 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.It costs ₹51 to make one glass of chai. Nisha sells it for ₹52. What is the profit on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  3. 3.It costs ₹55 to make one friendship band. On the last day Tara sells it for only ₹45. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.It costs ₹21 to make one jute bag. On the last day Diya sells it for only ₹14. How much is the loss on one (in ₹)?
  6. 6.One jute bag costs Arjun ₹25 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.Saanvi makes 30 clay diyas at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  8. 8.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  9. 9.One clay diya costs ₹21 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “money spent to get it” is the selling price. (a) False (b) True
  11. 11.One handmade card costs Farhan ₹30 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  13. 13.It costs ₹22 to make one fruit cup. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  16. 16.One cup of lemonade costs Diya ₹44 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.True or false: “what a customer pays” is the cost price. (a) True (b) False
  21. 21.One bag of popcorn costs ₹9 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹39 to make one glass of chai. Meera sells it for ₹45. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs Gurpreet ₹60 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹44 to make one fruit cup. On the last day Meera sells it for only ₹39. How much is the loss on one (in ₹)?
  25. 25.It costs ₹21 to make one painted pebble. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.It costs ₹33 to make one clay diya. Dev sells it for ₹50. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs Dev ₹49 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹21 to make one handmade card. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  30. 30.It costs ₹16 to make one paper bookmark. Meera sells it for ₹21. What is the profit on one (in ₹)?
  31. 31.True or false: “the price you sell at” is the selling price. (a) False (b) True
  32. 32.It costs ₹43 to make one glass of chai. On the last day Aarav sells it for only ₹42. How much is the loss on one (in ₹)?
  33. 33.One jute bag costs Dev ₹26 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Meera makes 26 cups of lemonade at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.It costs ₹39 to make one handmade card. On the last day Lakshmi sells it for only ₹36. How much is the loss on one (in ₹)?
  37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
  38. 38.True or false: “cost of making one” is the selling price. (a) False (b) True
  39. 39.True or false: “cost of making one” is the cost price. (a) True (b) False
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. 1
  2. SP less than CP
  3. 10
  4. selling price
  5. 7
  6. Loss
  7. 120
  8. what the buyer pays
  9. 40
  10. False
  11. Profit
  12. False
  13. 10
  14. selling price
  15. what it cost you
  16. Loss
  17. SP more than CP
  18. selling price
  19. cost price
  20. False
  21. 13
  22. 6
  23. Loss
  24. 5
  25. 9
  26. cost price
  27. 17
  28. Loss
  29. 9
  30. 5
  31. True
  32. 1
  33. Profit
  34. 234
  35. cost price
  36. 3
  37. True
  38. False
  39. True
  40. False

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