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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 507 · 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.It costs ₹67 to make one glass of chai. On the last day Lakshmi sells it for only ₹60. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.One glass of chai costs ₹32 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹63 to make one friendship band. On the last day Nisha sells it for only ₹56. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.True or false: “what you paid for it” is the selling price. (a) False (b) True
  8. 8.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  9. 9.One handmade card costs Joseph ₹24 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.One glass of chai costs Vihaan ₹28 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One cup of lemonade costs Nisha ₹54 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.It costs ₹34 to make one handmade card. Gurpreet sells it for ₹46. What is the profit on one (in ₹)?
  13. 13.It costs ₹35 to make one cup of lemonade. Ishaan sells it for ₹36. What is the profit on one (in ₹)?
  14. 14.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.One cupcake costs Nisha ₹58 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.One paper bookmark costs Dev ₹42 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  23. 23.It costs ₹25 to make one paper bookmark. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  24. 24.Tara makes 5 handmade cards at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  25. 25.It costs ₹7 to make one friendship band. Kabir sells it for ₹18. What is the profit on one (in ₹)?
  26. 26.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  28. 28.It costs ₹21 to make one paper bookmark. On the last day Ishaan sells it for only ₹20. How much is the loss on one (in ₹)?
  29. 29.One jute bag costs Rohan ₹42 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.Riya makes 9 jute bags at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.One clay diya costs ₹6 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹13 to make one cup of lemonade. Diya sells it for ₹23. What is the profit on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.One friendship band costs Ananya ₹26 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One fruit cup costs ₹45 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.One potted plant costs Tara ₹17 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One friendship band costs ₹21 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹37 to make one bag of popcorn. On the last day Joseph sells it for only ₹32. How much is the loss on one (in ₹)?
  40. 40.It costs ₹40 to make one cup of lemonade. Diya sells it for ₹57. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. cost price
  3. selling price
  4. 33
  5. 7
  6. selling price
  7. False
  8. what it cost you
  9. Profit
  10. Loss
  11. Profit
  12. 12
  13. 1
  14. SP more than CP
  15. False
  16. selling price
  17. Profit
  18. True
  19. Loss
  20. False
  21. True
  22. what the buyer pays
  23. 1
  24. 25
  25. 11
  26. SP less than CP
  27. selling price
  28. 1
  29. Loss
  30. 45
  31. False
  32. 13
  33. 10
  34. True
  35. Profit
  36. 58
  37. Profit
  38. 22
  39. 5
  40. 17

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