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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 455 · 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 more than CP (b) never (c) SP less than CP (d) SP equal to CP
  2. 2.It costs ₹16 to make one paper bookmark. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  3. 3.It costs ₹16 to make one clay diya. Lakshmi sells it for ₹27. What is the profit on one (in ₹)?
  4. 4.Joseph makes 14 painted pebbles at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  5. 5.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.One bag of popcorn costs Dev ₹35 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One fruit cup costs ₹21 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  12. 12.It costs ₹32 to make one clay diya. Rohan sells it for ₹47. What is the profit on one (in ₹)?
  13. 13.True or false: “money spent to get it” is the selling price. (a) True (b) False
  14. 14.It costs ₹31 to make one potted plant. Kabir sells it for ₹46. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.It costs ₹55 to make one bag of popcorn. On the last day Ishaan sells it for only ₹46. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.It costs ₹23 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹15. How much is the loss on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.One jute bag costs Tara ₹56 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  23. 23.True or false: “money spent to get it” is the cost price. (a) True (b) False
  24. 24.One paper bookmark costs Nisha ₹30 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Aarav makes 18 friendship bands at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.It costs ₹54 to make one cupcake. Diya sells it for ₹56. What is the profit on one (in ₹)?
  28. 28.One friendship band costs Riya ₹43 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  31. 31.It costs ₹49 to make one fruit cup. Tara sells it for ₹69. What is the profit on one (in ₹)?
  32. 32.Ananya makes 19 cupcakes at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.It costs ₹21 to make one painted pebble. Kabir sells it for ₹22. What is the profit on one (in ₹)?
  35. 35.Ishaan makes 15 bags of popcorn at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  36. 36.True or false: “what a customer pays” is the cost price. (a) False (b) True
  37. 37.True or false: “what you paid for it” is the cost price. (a) False (b) True
  38. 38.It costs ₹7 to make one bag of popcorn. Meera sells it for ₹15. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs Arjun ₹56 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹7 to make one paper bookmark. Nisha sells it for ₹11. What is the profit on one (in ₹)?

Answer key

  1. SP more than CP
  2. 5
  3. 11
  4. 84
  5. what the buyer pays
  6. selling price
  7. Profit
  8. 32
  9. False
  10. selling price
  11. what it cost you
  12. 15
  13. False
  14. 15
  15. cost price
  16. 9
  17. selling price
  18. False
  19. 8
  20. False
  21. Profit
  22. SP less than CP
  23. True
  24. Loss
  25. 162
  26. False
  27. 2
  28. Profit
  29. cost price
  30. selling price
  31. 20
  32. 76
  33. True
  34. 1
  35. 30
  36. False
  37. True
  38. 8
  39. Loss
  40. 4

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