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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 517 · 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 painted pebble costs Tara ₹17 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One cupcake costs Joseph ₹28 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  5. 5.True or false: “what a customer pays” is the selling price. (a) True (b) False
  6. 6.One handmade card costs Saanvi ₹44 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “money spent to get it” is the cost price. (a) True (b) False
  8. 8.It costs ₹65 to make one bag of popcorn. On the last day Arjun sells it for only ₹59. How much is the loss on one (in ₹)?
  9. 9.It costs ₹23 to make one bag of popcorn. Kabir sells it for ₹26. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹17 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  11. 11.Lakshmi makes 27 clay diyas at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  12. 12.It costs ₹40 to make one clay diya. On the last day Arjun sells it for only ₹36. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.One bag of popcorn costs ₹7 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹58 to make one painted pebble. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  17. 17.Aarav makes 25 potted plants at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  18. 18.True or false: “money got from a sale” is the selling price. (a) False (b) True
  19. 19.One bag of popcorn costs Meera ₹30 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.Vihaan makes 20 clay diyas at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  26. 26.One potted plant costs ₹32 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.One paper bookmark costs Meera ₹53 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Dev makes 22 bags of popcorn at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  32. 32.One glass of chai costs Aarav ₹16 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹24 to make one handmade card. Tara sells it for ₹38. What is the profit on one (in ₹)?
  34. 34.It costs ₹52 to make one glass of chai. Ishaan sells it for ₹72. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹45 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  37. 37.One painted pebble costs Dev ₹25 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.Farhan makes 17 jute bags at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price

Answer key

  1. Loss
  2. Loss
  3. cost price
  4. SP less than CP
  5. True
  6. Profit
  7. True
  8. 6
  9. 3
  10. 19
  11. 108
  12. 4
  13. cost price
  14. selling price
  15. 24
  16. 3
  17. 50
  18. True
  19. Profit
  20. False
  21. SP more than CP
  22. True
  23. True
  24. False
  25. 160
  26. 48
  27. what it cost you
  28. selling price
  29. Loss
  30. 66
  31. what the buyer pays
  32. Profit
  33. 14
  34. 20
  35. 53
  36. False
  37. Loss
  38. selling price
  39. 221
  40. cost price

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