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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 453 · 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.It costs ₹55 to make one paper bookmark. On the last day Rohan sells it for only ₹46. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  3. 3.One glass of chai costs Vihaan ₹44 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One bag of popcorn costs Lakshmi ₹53 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.True or false: “money got from a sale” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  9. 9.It costs ₹34 to make one clay diya. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.Meera makes 18 glasses of chai at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  12. 12.Diya makes 19 clay diyas at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.One paper bookmark costs Lakshmi ₹30 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One handmade card costs Meera ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  17. 17.True or false: “the price on your board” is the cost price. (a) False (b) True
  18. 18.One handmade card costs Joseph ₹24 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹14 to make one painted pebble. On the last day Arjun sells it for only ₹6. How much is the loss on one (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.True or false: “what a customer pays” is the selling price. (a) False (b) True
  22. 22.It costs ₹38 to make one cupcake. On the last day Rohan sells it for only ₹29. How much is the loss on one (in ₹)?
  23. 23.One bag of popcorn costs Diya ₹50 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the price you sell at” is the selling price. (a) False (b) True
  25. 25.One glass of chai costs Kavya ₹51 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  29. 29.Aarav makes 5 cups of lemonade at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  30. 30.It costs ₹40 to make one friendship band. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
  31. 31.Riya makes 25 glasses of chai at a cost of ₹21 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  32. 32.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  33. 33.Saanvi makes 19 cups of lemonade at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  34. 34.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  35. 35.It costs ₹32 to make one cup of lemonade. On the last day Diya sells it for only ₹30. How much is the loss on one (in ₹)?
  36. 36.One handmade card costs ₹8 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹8 to make one bag of popcorn. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  38. 38.One glass of chai costs ₹32 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  39. 39.One fruit cup costs ₹24 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹47 to make one fruit cup. Riya sells it for ₹62. What is the profit on one (in ₹)?

Answer key

  1. 9
  2. what it cost you
  3. Loss
  4. Profit
  5. True
  6. selling price
  7. cost price
  8. SP more than CP
  9. 3
  10. True
  11. 198
  12. 38
  13. True
  14. Loss
  15. Loss
  16. cost price
  17. False
  18. Loss
  19. 8
  20. False
  21. True
  22. 9
  23. Profit
  24. True
  25. Loss
  26. selling price
  27. False
  28. True
  29. 70
  30. 9
  31. 375
  32. what the buyer pays
  33. 38
  34. SP less than CP
  35. 2
  36. 28
  37. 1
  38. 35
  39. 42
  40. 15

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