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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 509 · 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.One fruit cup costs Gurpreet ₹60 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.True or false: “the price on your board” is the selling price. (a) True (b) False
  3. 3.True or false: “what a customer pays” is the cost price. (a) True (b) False
  4. 4.True or false: “the price on your board” is the cost price. (a) False (b) True
  5. 5.It costs ₹53 to make one potted plant. Aarav sells it for ₹57. What is the profit on one (in ₹)?
  6. 6.Kavya makes 10 handmade cards at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  7. 7.One fruit cup costs Riya ₹59 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.One cupcake costs Riya ₹26 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  11. 11.True or false: “what you paid for it” is the cost price. (a) True (b) False
  12. 12.It costs ₹66 to make one cup of lemonade. On the last day Diya sells it for only ₹57. How much is the loss on one (in ₹)?
  13. 13.It costs ₹51 to make one potted plant. On the last day Aarav sells it for only ₹47. How much is the loss on one (in ₹)?
  14. 14.It costs ₹55 to make one clay diya. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  15. 15.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  16. 16.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  17. 17.It costs ₹9 to make one potted plant. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  19. 19.Meera makes 21 paper bookmarks at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  20. 20.It costs ₹58 to make one paper bookmark. On the last day Gurpreet sells it for only ₹48. How much is the loss on one (in ₹)?
  21. 21.It costs ₹31 to make one jute bag. Riya sells it for ₹43. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  23. 23.One fruit cup costs Lakshmi ₹53 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Dev makes 29 jute bags at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  25. 25.One cupcake costs ₹37 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.True or false: “money got from a sale” is the cost price. (a) False (b) True
  29. 29.True or false: “the price you sell at” is the selling price. (a) False (b) True
  30. 30.One bag of popcorn costs Diya ₹49 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One glass of chai costs Ananya ₹46 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹14 to make one cup of lemonade. Diya sells it for ₹21. What is the profit on one (in ₹)?
  33. 33.It costs ₹22 to make one potted plant. On the last day Nisha sells it for only ₹13. How much is the loss on one (in ₹)?
  34. 34.Gurpreet makes 27 paper bookmarks at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  35. 35.It costs ₹35 to make one bag of popcorn. On the last day Kavya sells it for only ₹27. How much is the loss on one (in ₹)?
  36. 36.One friendship band costs Saanvi ₹44 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹10 to make one friendship band. Arjun sells it for ₹26. What is the profit on one (in ₹)?
  38. 38.Nisha makes 28 handmade cards at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  40. 40.It costs ₹27 to make one glass of chai. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?

Answer key

  1. Profit
  2. True
  3. False
  4. False
  5. 4
  6. 110
  7. Profit
  8. False
  9. Loss
  10. what the buyer pays
  11. True
  12. 9
  13. 4
  14. 10
  15. SP more than CP
  16. SP less than CP
  17. 3
  18. what it cost you
  19. 231
  20. 10
  21. 12
  22. selling price
  23. Loss
  24. 406
  25. 39
  26. False
  27. cost price
  28. False
  29. True
  30. Loss
  31. Profit
  32. 7
  33. 9
  34. 297
  35. 8
  36. Loss
  37. 16
  38. 56
  39. cost price
  40. 7

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