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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 459 · 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.It costs ₹30 to make one painted pebble. On the last day Diya sells it for only ₹23. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  4. 4.True or false: “money spent to get it” is the cost price. (a) False (b) True
  5. 5.One handmade card costs Ishaan ₹40 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.It costs ₹32 to make one jute bag. Kavya sells it for ₹43. What is the profit on one (in ₹)?
  7. 7.It costs ₹28 to make one cupcake. Vihaan sells it for ₹36. What is the profit on one (in ₹)?
  8. 8.It costs ₹19 to make one cupcake. Diya sells it for ₹38. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.Kabir makes 17 cups of lemonade at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  11. 11.True or false: “the price you sell at” is the cost price. (a) True (b) False
  12. 12.True or false: “what you paid for it” is the cost price. (a) True (b) False
  13. 13.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.Arjun makes 9 clay diyas at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  16. 16.It costs ₹53 to make one glass of chai. On the last day Farhan sells it for only ₹43. How much is the loss on one (in ₹)?
  17. 17.One bag of popcorn costs ₹60 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.One jute bag costs Dev ₹52 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One painted pebble costs ₹33 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) False (b) True
  22. 22.One glass of chai costs Nisha ₹41 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹31 to make one paper bookmark. Rohan sells it for ₹32. What is the profit on one (in ₹)?
  24. 24.It costs ₹25 to make one fruit cup. On the last day Joseph sells it for only ₹24. How much is the loss on one (in ₹)?
  25. 25.It costs ₹26 to make one friendship band. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  28. 28.It costs ₹45 to make one glass of chai. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.It costs ₹39 to make one friendship band. Joseph sells it for ₹56. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹7 to make one painted pebble. Ananya sells it for ₹17. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs Vihaan ₹48 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “the price on your board” is the cost price. (a) True (b) False
  34. 34.It costs ₹22 to make one cup of lemonade. Rohan sells it for ₹41. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹17 to make. Dev wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  36. 36.One bag of popcorn costs Zoya ₹18 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹18 to make one jute bag. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.It costs ₹5 to make one bag of popcorn. Kavya sells it for ₹11. What is the profit on one (in ₹)?
  40. 40.It costs ₹40 to make one bag of popcorn. On the last day Arjun sells it for only ₹31. How much is the loss on one (in ₹)?

Answer key

  1. 7
  2. what it cost you
  3. SP more than CP
  4. True
  5. Loss
  6. 11
  7. 8
  8. 19
  9. False
  10. 204
  11. False
  12. True
  13. SP less than CP
  14. cost price
  15. 72
  16. 10
  17. 73
  18. False
  19. Profit
  20. 36
  21. False
  22. Profit
  23. 1
  24. 1
  25. 9
  26. cost price
  27. what the buyer pays
  28. 8
  29. 17
  30. selling price
  31. 10
  32. Loss
  33. False
  34. 19
  35. 29
  36. Profit
  37. 11
  38. selling price
  39. 6
  40. 9

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