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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 386 · 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.True or false: “the price you sell at” is the selling price. (a) False (b) True
  2. 2.It costs ₹48 to make one handmade card. Tara sells it for ₹66. What is the profit on one (in ₹)?
  3. 3.It costs ₹41 to make one glass of chai. On the last day Nisha sells it for only ₹35. How much is the loss on one (in ₹)?
  4. 4.It costs ₹56 to make one potted plant. Vihaan sells it for ₹66. What is the profit on one (in ₹)?
  5. 5.Nisha makes 26 paper bookmarks at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  6. 6.One paper bookmark costs Gurpreet ₹33 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹24 to make one paper bookmark. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  8. 8.One glass of chai costs ₹34 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  10. 10.True or false: “money spent to get it” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  13. 13.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  17. 17.One cup of lemonade costs Diya ₹52 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One friendship band costs ₹35 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.One cup of lemonade costs Rohan ₹17 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.It costs ₹26 to make one jute bag. Gurpreet sells it for ₹27. What is the profit on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
  24. 24.It costs ₹13 to make one cupcake. Dev sells it for ₹28. What is the profit on one (in ₹)?
  25. 25.True or false: “cost of making one” is the cost price. (a) False (b) True
  26. 26.One jute bag costs ₹9 to make. Riya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹39 to make one jute bag. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?
  28. 28.Tara makes 29 paper bookmarks at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  29. 29.One painted pebble costs ₹8 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  31. 31.One friendship band costs ₹32 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹67 to make one bag of popcorn. On the last day Riya sells it for only ₹58. How much is the loss on one (in ₹)?
  33. 33.True or false: “what a customer pays” is the selling price. (a) True (b) False
  34. 34.It costs ₹37 to make one bag of popcorn. Kabir sells it for ₹38. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs Arjun ₹31 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Vihaan makes 24 painted pebbles at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  37. 37.True or false: “what you paid for it” is the cost price. (a) False (b) True
  38. 38.It costs ₹48 to make one cupcake. Rohan sells it for ₹56. What is the profit on one (in ₹)?
  39. 39.One friendship band costs Gurpreet ₹46 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One clay diya costs Ishaan ₹16 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. True
  2. 18
  3. 6
  4. 10
  5. 234
  6. Profit
  7. 1
  8. 39
  9. what it cost you
  10. False
  11. cost price
  12. what the buyer pays
  13. SP less than CP
  14. cost price
  15. cost price
  16. SP more than CP
  17. Loss
  18. 41
  19. Loss
  20. selling price
  21. True
  22. 1
  23. False
  24. 15
  25. True
  26. 14
  27. 10
  28. 116
  29. 10
  30. cost price
  31. 38
  32. 9
  33. True
  34. 1
  35. Profit
  36. 120
  37. True
  38. 8
  39. Loss
  40. Loss

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