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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 416 · 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.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  2. 2.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.It costs ₹33 to make one jute bag. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.Diya makes 8 glasses of chai at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.One friendship band costs Riya ₹21 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One fruit cup costs ₹28 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.It costs ₹16 to make one cupcake. On the last day Aarav sells it for only ₹15. How much is the loss on one (in ₹)?
  14. 14.Vihaan makes 30 cups of lemonade at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) True (b) False
  16. 16.True or false: “money spent to get it” is the selling price. (a) False (b) True
  17. 17.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  20. 20.It costs ₹55 to make one fruit cup. On the last day Kavya sells it for only ₹51. How much is the loss on one (in ₹)?
  21. 21.Riya makes 9 paper bookmarks at a cost of ₹10 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  22. 22.It costs ₹39 to make one glass of chai. Nisha sells it for ₹41. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
  25. 25.It costs ₹36 to make one paper bookmark. Nisha sells it for ₹55. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.Zoya makes 22 paper bookmarks at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  28. 28.One bag of popcorn costs ₹42 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.True or false: “what a customer pays” is the selling price. (a) True (b) False
  31. 31.One paper bookmark costs ₹12 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  32. 32.One cup of lemonade costs Farhan ₹55 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹10 to make one handmade card. On the last day Aarav sells it for only ₹7. How much is the loss on one (in ₹)?
  34. 34.It costs ₹22 to make one cup of lemonade. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  35. 35.Saanvi makes 18 painted pebbles at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.Kabir makes 5 cups of lemonade at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  38. 38.One painted pebble costs Ishaan ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One potted plant costs Rohan ₹56 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹56 to make one handmade card. Aarav sells it for ₹71. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. SP less than CP
  3. cost price
  4. 1
  5. cost price
  6. False
  7. 56
  8. SP more than CP
  9. False
  10. Profit
  11. 31
  12. selling price
  13. 1
  14. 60
  15. False
  16. False
  17. what the buyer pays
  18. False
  19. what it cost you
  20. 4
  21. 54
  22. 2
  23. cost price
  24. False
  25. 19
  26. selling price
  27. 22
  28. 49
  29. False
  30. True
  31. 25
  32. Profit
  33. 3
  34. 8
  35. 108
  36. cost price
  37. 5
  38. Loss
  39. Profit
  40. 15

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