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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 38 · 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 equal to CP (b) SP more than CP (c) SP less than CP (d) always
  2. 2.It costs ₹7 to make one painted pebble. Nisha sells it for ₹17. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.It costs ₹22 to make one painted pebble. Meera sells it for ₹23. What is the profit on one (in ₹)?
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.Diya makes 20 glasses of chai at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.It costs ₹16 to make one painted pebble. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  9. 9.It costs ₹5 to make one clay diya. Lakshmi sells it for ₹12. What is the profit on one (in ₹)?
  10. 10.It costs ₹11 to make one friendship band. Dev sells it for ₹26. What is the profit on one (in ₹)?
  11. 11.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  12. 12.One friendship band costs ₹22 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  13. 13.One potted plant costs Ananya ₹22 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.Farhan makes 27 painted pebbles at a cost of ₹7 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  16. 16.One friendship band costs Kavya ₹51 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.It costs ₹25 to make one glass of chai. Kabir sells it for ₹36. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹53 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  19. 19.Aarav makes 19 painted pebbles at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  20. 20.One friendship band costs ₹39 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹40 to make one friendship band. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  22. 22.One jute bag costs Ananya ₹24 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹22 to make one painted pebble. Vihaan sells it for ₹42. What is the profit on one (in ₹)?
  24. 24.It costs ₹14 to make one cup of lemonade. Ananya sells it for ₹32. What is the profit on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.It costs ₹40 to make one fruit cup. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs Gurpreet ₹20 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.It costs ₹28 to make one fruit cup. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  31. 31.It costs ₹17 to make one handmade card. On the last day Kabir sells it for only ₹13. How much is the loss on one (in ₹)?
  32. 32.It costs ₹28 to make one clay diya. Meera sells it for ₹36. What is the profit on one (in ₹)?
  33. 33.It costs ₹24 to make one cupcake. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.True or false: “what a customer pays” is the cost price. (a) False (b) True
  36. 36.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.One potted plant costs Farhan ₹36 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One clay diya costs Arjun ₹57 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP less than CP
  2. 10
  3. selling price
  4. 1
  5. False
  6. 80
  7. selling price
  8. 5
  9. 7
  10. 15
  11. what the buyer pays
  12. 38
  13. Loss
  14. 135
  15. cost price
  16. Loss
  17. 11
  18. 66
  19. 114
  20. 58
  21. 8
  22. Profit
  23. 20
  24. 18
  25. True
  26. 13
  27. Profit
  28. cost price
  29. 9
  30. what it cost you
  31. 4
  32. 8
  33. 11
  34. selling price
  35. False
  36. SP more than CP
  37. False
  38. False
  39. Loss
  40. Loss

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