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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 481 · 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.True or false: “money spent to get it” is the selling price. (a) True (b) False
  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.One jute bag costs Kabir ₹24 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One glass of chai costs ₹51 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹34 to make one potted plant. On the last day Rohan sells it for only ₹33. How much is the loss on one (in ₹)?
  6. 6.Arjun makes 6 friendship bands at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  7. 7.It costs ₹11 to make one painted pebble. Farhan sells it for ₹12. What is the profit on one (in ₹)?
  8. 8.It costs ₹28 to make one potted plant. Tara sells it for ₹35. What is the profit on one (in ₹)?
  9. 9.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  10. 10.True or false: “money spent to get it” is the cost price. (a) False (b) True
  11. 11.One painted pebble costs ₹25 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹39 to make one fruit cup. Diya sells it for ₹46. What is the profit on one (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.One cup of lemonade costs ₹38 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  15. 15.One potted plant costs Ananya ₹36 to make and sells for ₹50. 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.One cupcake costs ₹17 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.One handmade card costs Diya ₹48 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹24 to make one cup of lemonade. Meera sells it for ₹27. What is the profit on one (in ₹)?
  20. 20.It costs ₹66 to make one friendship band. On the last day Aarav sells it for only ₹56. How much is the loss on one (in ₹)?
  21. 21.One fruit cup costs Diya ₹31 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.It costs ₹56 to make one paper bookmark. On the last day Meera sells it for only ₹51. How much is the loss on one (in ₹)?
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  26. 26.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  27. 27.One potted plant costs ₹52 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹30 to make one clay diya. On the last day Gurpreet sells it for only ₹28. How much is the loss on one (in ₹)?
  29. 29.One bag of popcorn costs Nisha ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “what you paid for it” is the selling price. (a) True (b) False
  31. 31.One bag of popcorn costs ₹27 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  32. 32.One painted pebble costs Farhan ₹24 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One cup of lemonade costs Diya ₹21 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹57 to make one cupcake. On the last day Dev sells it for only ₹52. How much is the loss on one (in ₹)?
  35. 35.It costs ₹27 to make one painted pebble. On the last day Lakshmi sells it for only ₹26. How much is the loss on one (in ₹)?
  36. 36.Zoya makes 17 friendship bands at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  37. 37.Riya makes 8 fruit cups at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  38. 38.It costs ₹19 to make one paper bookmark. Meera sells it for ₹32. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.One jute bag costs Riya ₹57 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. SP more than CP
  3. Profit
  4. 59
  5. 1
  6. 90
  7. 1
  8. 7
  9. what the buyer pays
  10. True
  11. 32
  12. 7
  13. True
  14. 56
  15. Profit
  16. cost price
  17. 23
  18. Loss
  19. 3
  20. 10
  21. Profit
  22. True
  23. selling price
  24. 5
  25. SP less than CP
  26. what it cost you
  27. 61
  28. 2
  29. Loss
  30. False
  31. 46
  32. Loss
  33. Loss
  34. 5
  35. 1
  36. 255
  37. 104
  38. 13
  39. selling price
  40. Loss

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