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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 494 · 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 glass of chai costs Meera ₹35 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.Ananya makes 9 painted pebbles at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.It costs ₹42 to make one clay diya. Lakshmi sells it for ₹48. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹32 to make. Saanvi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  9. 9.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  10. 10.One glass of chai costs Farhan ₹18 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One friendship band costs Ishaan ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  13. 13.It costs ₹55 to make one glass of chai. On the last day Rohan sells it for only ₹53. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  15. 15.It costs ₹55 to make one paper bookmark. Arjun sells it for ₹62. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  17. 17.It costs ₹55 to make one cupcake. On the last day Kabir sells it for only ₹50. How much is the loss on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.One bag of popcorn costs Dev ₹25 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  21. 21.It costs ₹11 to make one painted pebble. Riya sells it for ₹24. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹56 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.Aarav makes 23 clay diyas at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.True or false: “what a customer pays” is the selling price. (a) False (b) True
  26. 26.It costs ₹27 to make one clay diya. Meera sells it for ₹36. What is the profit on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) True (b) False
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.One clay diya costs ₹7 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price on your board” is the cost price. (a) True (b) False
  33. 33.One paper bookmark costs Farhan ₹19 to make and sells for ₹4. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One handmade card costs Vihaan ₹56 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “cost of making one” is the cost price. (a) True (b) False
  36. 36.True or false: “money spent to get it” is the selling price. (a) False (b) True
  37. 37.It costs ₹51 to make one jute bag. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  38. 38.Gurpreet makes 21 handmade cards at a cost of ₹18 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  39. 39.Tara makes 11 cups of lemonade at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.It costs ₹64 to make one glass of chai. On the last day Vihaan sells it for only ₹60. How much is the loss on one (in ₹)?

Answer key

  1. Loss
  2. False
  3. cost price
  4. False
  5. selling price
  6. 126
  7. 6
  8. 52
  9. what the buyer pays
  10. Loss
  11. Loss
  12. True
  13. 2
  14. cost price
  15. 7
  16. what it cost you
  17. 5
  18. True
  19. Profit
  20. SP less than CP
  21. 13
  22. 63
  23. 23
  24. False
  25. True
  26. 9
  27. False
  28. cost price
  29. selling price
  30. True
  31. 22
  32. False
  33. Loss
  34. Loss
  35. True
  36. False
  37. 5
  38. 147
  39. 88
  40. 4

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