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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 441 · 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 profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  2. 2.True or false: “the price you sell at” is the cost price. (a) False (b) True
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  4. 4.One glass of chai costs Kavya ₹24 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  6. 6.It costs ₹23 to make one paper bookmark. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  7. 7.Farhan makes 28 friendship bands at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  8. 8.True or false: “the price on your board” is the selling price. (a) True (b) False
  9. 9.One painted pebble costs Rohan ₹28 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  11. 11.It costs ₹60 to make one handmade card. Dev sells it for ₹66. What is the profit on one (in ₹)?
  12. 12.It costs ₹22 to make one friendship band. Riya sells it for ₹24. What is the profit on one (in ₹)?
  13. 13.It costs ₹20 to make one paper bookmark. On the last day Ananya sells it for only ₹14. How much is the loss on one (in ₹)?
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.Gurpreet makes 20 fruit cups at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.It costs ₹47 to make one bag of popcorn. Kavya sells it for ₹62. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.True or false: “cost of making one” is the selling price. (a) True (b) False
  20. 20.It costs ₹34 to make one potted plant. Aarav sells it for ₹44. What is the profit on one (in ₹)?
  21. 21.It costs ₹9 to make one glass of chai. On the last day Meera sells it for only ₹7. How much is the loss on one (in ₹)?
  22. 22.Arjun makes 16 paper bookmarks at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.It costs ₹5 to make one clay diya. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  25. 25.It costs ₹24 to make one glass of chai. On the last day Ananya sells it for only ₹20. How much is the loss on one (in ₹)?
  26. 26.One painted pebble costs ₹51 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) False (b) True
  28. 28.It costs ₹30 to make one clay diya. On the last day Gurpreet sells it for only ₹20. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  30. 30.One glass of chai costs ₹43 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹29 to make one fruit cup. Tara sells it for ₹39. What is the profit on one (in ₹)?
  32. 32.One handmade card costs Lakshmi ₹26 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹39 to make one glass of chai. Ananya sells it for ₹57. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹46 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹11 to make one cup of lemonade. On the last day Farhan sells it for only ₹8. How much is the loss on one (in ₹)?
  36. 36.It costs ₹29 to make one potted plant. On the last day Riya sells it for only ₹25. How much is the loss on one (in ₹)?
  37. 37.One cup of lemonade costs ₹52 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “the price on your board” is the cost price. (a) True (b) False
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.It costs ₹34 to make one potted plant. Joseph sells it for ₹36. What is the profit on one (in ₹)?

Answer key

  1. SP more than CP
  2. False
  3. what the buyer pays
  4. Loss
  5. SP less than CP
  6. 10
  7. 364
  8. True
  9. Profit
  10. what it cost you
  11. 6
  12. 2
  13. 6
  14. False
  15. 60
  16. cost price
  17. 15
  18. cost price
  19. False
  20. 10
  21. 2
  22. 176
  23. selling price
  24. 15
  25. 4
  26. 62
  27. True
  28. 10
  29. cost price
  30. 56
  31. 10
  32. Profit
  33. 18
  34. 58
  35. 3
  36. 4
  37. 57
  38. False
  39. selling price
  40. 2

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