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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 48 · 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.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  2. 2.One bag of popcorn costs Kavya ₹33 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.Riya makes 22 jute bags at a cost of ₹7 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  4. 4.Dev makes 19 fruit cups at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  5. 5.One paper bookmark costs Aarav ₹20 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.One bag of popcorn costs Nisha ₹22 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “money got from a sale” is the cost price. (a) False (b) True
  10. 10.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.It costs ₹49 to make one glass of chai. On the last day Saanvi sells it for only ₹42. How much is the loss on one (in ₹)?
  13. 13.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  14. 14.One friendship band costs ₹9 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.One fruit cup costs Kabir ₹18 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Ananya makes 30 bags of popcorn at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  19. 19.Dev makes 9 handmade cards at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  20. 20.It costs ₹41 to make one bag of popcorn. Vihaan sells it for ₹54. What is the profit on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.Meera makes 6 handmade cards at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.It costs ₹18 to make one friendship band. On the last day Rohan sells it for only ₹12. How much is the loss on one (in ₹)?
  25. 25.It costs ₹12 to make one paper bookmark. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  26. 26.It costs ₹33 to make one potted plant. Dev sells it for ₹34. What is the profit on one (in ₹)?
  27. 27.It costs ₹32 to make one handmade card. Meera sells it for ₹45. What is the profit on one (in ₹)?
  28. 28.Saanvi makes 5 fruit cups at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  31. 31.It costs ₹29 to make one glass of chai. On the last day Lakshmi sells it for only ₹28. How much is the loss on one (in ₹)?
  32. 32.One bag of popcorn costs Saanvi ₹54 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  34. 34.One potted plant costs Vihaan ₹58 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.True or false: “what a customer pays” is the selling price. (a) True (b) False
  37. 37.Saanvi makes 29 potted plants at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  38. 38.It costs ₹56 to make one fruit cup. Saanvi sells it for ₹63. What is the profit on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the cost price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. what it cost you
  2. Loss
  3. 88
  4. 190
  5. Profit
  6. True
  7. cost price
  8. Loss
  9. False
  10. SP more than CP
  11. cost price
  12. 7
  13. what the buyer pays
  14. 10
  15. True
  16. False
  17. Profit
  18. 60
  19. 27
  20. 13
  21. False
  22. 12
  23. True
  24. 6
  25. 4
  26. 1
  27. 13
  28. 70
  29. selling price
  30. cost price
  31. 1
  32. Loss
  33. SP less than CP
  34. Profit
  35. selling price
  36. True
  37. 203
  38. 7
  39. True
  40. selling price

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