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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 39 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.True or false: “money got from a sale” is the cost price. (a) False (b) True
  3. 3.One glass of chai costs Saanvi ₹23 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One potted plant costs Aarav ₹55 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  7. 7.It costs ₹11 to make one cupcake. Kavya sells it for ₹23. What is the profit on one (in ₹)?
  8. 8.It costs ₹59 to make one fruit cup. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs ₹50 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  11. 11.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  12. 12.Lakshmi makes 19 painted pebbles at a cost of ₹16 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.True or false: “the price on your board” is the cost price. (a) False (b) True
  17. 17.It costs ₹39 to make one paper bookmark. Vihaan sells it for ₹41. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹25 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  19. 19.Lakshmi makes 10 fruit cups at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  21. 21.One potted plant costs Meera ₹38 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.One glass of chai costs Lakshmi ₹21 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.It costs ₹59 to make one potted plant. On the last day Zoya sells it for only ₹55. How much is the loss on one (in ₹)?
  26. 26.One glass of chai costs ₹38 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  27. 27.Ishaan makes 12 painted pebbles at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  28. 28.It costs ₹8 to make one potted plant. Dev sells it for ₹9. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹14 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  30. 30.One jute bag costs ₹40 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.One glass of chai costs ₹23 to make. Kavya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹48 to make one bag of popcorn. On the last day Aarav sells it for only ₹42. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.It costs ₹63 to make one friendship band. On the last day Aarav sells it for only ₹57. How much is the loss on one (in ₹)?
  35. 35.One bag of popcorn costs Meera ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One painted pebble costs ₹15 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  37. 37.One handmade card costs ₹32 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  38. 38.Arjun makes 17 glasses of chai at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  39. 39.One glass of chai costs Arjun ₹35 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹59 to make one clay diya. Aarav sells it for ₹77. What is the profit on one (in ₹)?

Answer key

  1. True
  2. False
  3. Loss
  4. Loss
  5. False
  6. SP less than CP
  7. 12
  8. 2
  9. 61
  10. what the buyer pays
  11. SP more than CP
  12. 171
  13. what it cost you
  14. cost price
  15. False
  16. False
  17. 2
  18. 45
  19. 140
  20. selling price
  21. Loss
  22. selling price
  23. Profit
  24. True
  25. 4
  26. 46
  27. 12
  28. 1
  29. 23
  30. 46
  31. 41
  32. 6
  33. cost price
  34. 6
  35. Loss
  36. 25
  37. 45
  38. 17
  39. Loss
  40. 18

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