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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 361 · 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 loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.One jute bag costs Saanvi ₹59 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.It costs ₹41 to make one jute bag. Diya sells it for ₹57. What is the profit on one (in ₹)?
  7. 7.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  8. 8.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  9. 9.Vihaan makes 20 painted pebbles at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.Riya makes 5 handmade cards at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  12. 12.It costs ₹9 to make one clay diya. Dev sells it for ₹20. What is the profit on one (in ₹)?
  13. 13.It costs ₹15 to make one potted plant. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.One cup of lemonade costs Diya ₹17 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.One handmade card costs ₹34 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “what a customer pays” is the selling price. (a) True (b) False
  20. 20.One cup of lemonade costs Rohan ₹60 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹22 to make one painted pebble. On the last day Farhan sells it for only ₹16. How much is the loss on one (in ₹)?
  22. 22.One cup of lemonade costs ₹49 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹9 to make one fruit cup. On the last day Kavya sells it for only ₹5. How much is the loss on one (in ₹)?
  24. 24.True or false: “the price on your board” is the selling price. (a) True (b) False
  25. 25.True or false: “cost of making one” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.One paper bookmark costs ₹24 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.One paper bookmark costs ₹30 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  30. 30.One handmade card costs Joseph ₹19 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹17 to make one painted pebble. Diya sells it for ₹22. What is the profit on one (in ₹)?
  32. 32.It costs ₹62 to make one glass of chai. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  33. 33.It costs ₹42 to make one bag of popcorn. On the last day Riya sells it for only ₹41. How much is the loss on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.It costs ₹24 to make one painted pebble. Aarav sells it for ₹36. What is the profit on one (in ₹)?
  37. 37.It costs ₹9 to make one cupcake. Kabir sells it for ₹17. What is the profit on one (in ₹)?
  38. 38.It costs ₹20 to make one bag of popcorn. Tara sells it for ₹28. What is the profit on one (in ₹)?
  39. 39.True or false: “money spent to get it” is the cost price. (a) False (b) True
  40. 40.One cup of lemonade costs ₹55 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. SP more than CP
  3. False
  4. Loss
  5. cost price
  6. 16
  7. what the buyer pays
  8. what it cost you
  9. 60
  10. selling price
  11. 25
  12. 11
  13. 6
  14. False
  15. True
  16. Loss
  17. selling price
  18. 35
  19. True
  20. Loss
  21. 6
  22. 57
  23. 4
  24. True
  25. False
  26. selling price
  27. 28
  28. 41
  29. cost price
  30. Loss
  31. 5
  32. 7
  33. 1
  34. False
  35. False
  36. 12
  37. 8
  38. 8
  39. True
  40. 62

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