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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 493 · 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.One handmade card costs Rohan ₹34 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.One fruit cup costs Farhan ₹24 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.One glass of chai costs ₹37 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹26 to make one clay diya. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  9. 9.True or false: “money spent to get it” is the selling price. (a) False (b) True
  10. 10.Nisha makes 21 fruit cups at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  11. 11.It costs ₹30 to make one bag of popcorn. Diya sells it for ₹46. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹60 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  13. 13.Aarav makes 23 painted pebbles at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.One cup of lemonade costs Rohan ₹27 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  17. 17.It costs ₹22 to make one cup of lemonade. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹31 to make one fruit cup. Vihaan sells it for ₹48. What is the profit on one (in ₹)?
  20. 20.It costs ₹54 to make one handmade card. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  21. 21.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  22. 22.It costs ₹47 to make one friendship band. Tara sells it for ₹56. What is the profit on one (in ₹)?
  23. 23.It costs ₹27 to make one fruit cup. Zoya sells it for ₹29. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹46 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
  26. 26.It costs ₹21 to make one cupcake. On the last day Arjun sells it for only ₹17. How much is the loss on one (in ₹)?
  27. 27.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  28. 28.One bag of popcorn costs Aarav ₹22 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One fruit cup costs ₹38 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹21 to make one cup of lemonade. Gurpreet sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.It costs ₹48 to make one clay diya. Meera sells it for ₹50. What is the profit on one (in ₹)?
  32. 32.It costs ₹55 to make one cupcake. On the last day Dev sells it for only ₹48. How much is the loss on one (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.It costs ₹31 to make one jute bag. On the last day Rohan sells it for only ₹22. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  36. 36.It costs ₹29 to make one friendship band. Dev sells it for ₹34. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹19 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹14 to make one painted pebble. Gurpreet sells it for ₹34. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the selling price. (a) True (b) False
  40. 40.It costs ₹12 to make one paper bookmark. Gurpreet sells it for ₹32. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. selling price
  3. Loss
  4. selling price
  5. selling price
  6. cost price
  7. 45
  8. 8
  9. False
  10. 105
  11. 16
  12. 61
  13. 345
  14. False
  15. Profit
  16. False
  17. 7
  18. cost price
  19. 17
  20. 2
  21. SP less than CP
  22. 9
  23. 2
  24. 56
  25. False
  26. 4
  27. SP more than CP
  28. Profit
  29. 43
  30. 7
  31. 2
  32. 7
  33. True
  34. 9
  35. what it cost you
  36. 5
  37. 29
  38. 20
  39. True
  40. 20

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