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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 385 · 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.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  2. 2.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.It costs ₹27 to make one glass of chai. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  5. 5.It costs ₹52 to make one fruit cup. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) False (b) True
  7. 7.Dev makes 6 cups of lemonade at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  8. 8.It costs ₹48 to make one fruit cup. Diya sells it for ₹65. What is the profit on one (in ₹)?
  9. 9.One clay diya costs Meera ₹30 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.Zoya makes 19 potted plants at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.True or false: “money got from a sale” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.It costs ₹54 to make one friendship band. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs Ananya ₹40 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹23 to make one fruit cup. On the last day Dev sells it for only ₹16. How much is the loss on one (in ₹)?
  17. 17.It costs ₹16 to make one potted plant. On the last day Diya sells it for only ₹8. How much is the loss on one (in ₹)?
  18. 18.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  19. 19.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  20. 20.It costs ₹8 to make one potted plant. Saanvi sells it for ₹12. What is the profit on one (in ₹)?
  21. 21.Gurpreet makes 24 cups of lemonade at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.It costs ₹30 to make one clay diya. On the last day Zoya sells it for only ₹28. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.It costs ₹7 to make one painted pebble. Saanvi sells it for ₹25. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.It costs ₹40 to make one fruit cup. On the last day Riya sells it for only ₹32. How much is the loss on one (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.One cupcake costs ₹56 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹26 to make one bag of popcorn. On the last day Dev sells it for only ₹18. How much is the loss on one (in ₹)?
  32. 32.Ananya makes 18 clay diyas at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.It costs ₹7 to make one fruit cup. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  37. 37.It costs ₹25 to make one handmade card. Dev sells it for ₹28. What is the profit on one (in ₹)?
  38. 38.It costs ₹37 to make one handmade card. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹57 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  40. 40.One cupcake costs Ishaan ₹44 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP less than CP
  2. what it cost you
  3. cost price
  4. 10
  5. 11
  6. True
  7. 48
  8. 17
  9. Loss
  10. 285
  11. selling price
  12. True
  13. selling price
  14. 11
  15. Loss
  16. 7
  17. 8
  18. what the buyer pays
  19. SP more than CP
  20. 4
  21. 360
  22. cost price
  23. 2
  24. True
  25. 18
  26. selling price
  27. cost price
  28. 8
  29. False
  30. 67
  31. 8
  32. 72
  33. selling price
  34. True
  35. False
  36. 2
  37. 3
  38. 4
  39. 70
  40. Loss

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