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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 450 · 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.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  2. 2.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  3. 3.It costs ₹30 to make one clay diya. Ananya sells it for ₹34. What is the profit on one (in ₹)?
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  6. 6.It costs ₹50 to make one friendship band. Meera sells it for ₹52. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs Tara ₹47 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.One friendship band costs Rohan ₹16 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.It costs ₹31 to make one paper bookmark. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  12. 12.Arjun makes 28 jute bags at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.True or false: “what you paid for it” is the selling price. (a) False (b) True
  15. 15.Aarav makes 20 potted plants at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  16. 16.One painted pebble costs Aarav ₹16 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Gurpreet makes 7 jute bags at a cost of ₹9 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  18. 18.One cup of lemonade costs Joseph ₹51 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.Joseph makes 18 paper bookmarks at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  21. 21.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.It costs ₹20 to make one glass of chai. Diya sells it for ₹39. What is the profit on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.It costs ₹37 to make one painted pebble. Lakshmi sells it for ₹55. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.One glass of chai costs ₹45 to make. Ananya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  28. 28.Farhan makes 20 friendship bands at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  29. 29.Farhan makes 25 paper bookmarks at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  30. 30.Farhan makes 27 glasses of chai at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  31. 31.It costs ₹11 to make one cup of lemonade. On the last day Saanvi sells it for only ₹9. How much is the loss on one (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) True (b) False
  33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
  34. 34.True or false: “the price you sell at” is the selling price. (a) False (b) True
  35. 35.One paper bookmark costs Kabir ₹21 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹44 to make one bag of popcorn. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  37. 37.Nisha makes 5 cups of lemonade at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  38. 38.One painted pebble costs Kabir ₹33 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹31 to make one bag of popcorn. On the last day Arjun sells it for only ₹30. How much is the loss on one (in ₹)?
  40. 40.One cup of lemonade costs ₹12 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. SP more than CP
  3. 4
  4. False
  5. what it cost you
  6. 2
  7. Loss
  8. cost price
  9. Loss
  10. cost price
  11. 2
  12. 280
  13. True
  14. False
  15. 20
  16. Profit
  17. 91
  18. Profit
  19. cost price
  20. 198
  21. what the buyer pays
  22. selling price
  23. 19
  24. True
  25. 18
  26. cost price
  27. 56
  28. 240
  29. 100
  30. 162
  31. 2
  32. False
  33. False
  34. True
  35. Loss
  36. 2
  37. 25
  38. Loss
  39. 1
  40. 31

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