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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 554 · 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.True or false: “what a customer pays” is the selling price. (a) True (b) False
  2. 2.It costs ₹38 to make one potted plant. Kabir sells it for ₹40. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.Tara makes 15 jute bags at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  7. 7.It costs ₹18 to make one clay diya. On the last day Rohan sells it for only ₹14. How much is the loss on one (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  9. 9.Meera makes 7 cups of lemonade at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  10. 10.One clay diya costs Gurpreet ₹41 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.It costs ₹40 to make one fruit cup. On the last day Nisha sells it for only ₹33. How much is the loss on one (in ₹)?
  14. 14.True or false: “what you paid for it” is the selling price. (a) True (b) False
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.One fruit cup costs Gurpreet ₹43 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.Zoya makes 25 handmade cards at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  19. 19.One paper bookmark costs Meera ₹38 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One clay diya costs Gurpreet ₹29 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  22. 22.One jute bag costs Arjun ₹49 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “cost of making one” is the selling price. (a) False (b) True
  24. 24.One painted pebble costs ₹31 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  25. 25.Ananya makes 11 painted pebbles at a cost of ₹32 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  26. 26.It costs ₹38 to make one cup of lemonade. On the last day Vihaan sells it for only ₹28. How much is the loss on one (in ₹)?
  27. 27.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  28. 28.One glass of chai costs Vihaan ₹16 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹9 to make one cup of lemonade. Kabir sells it for ₹23. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹32 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.Meera makes 22 potted plants at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  32. 32.One cupcake costs Rohan ₹30 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One handmade card costs Arjun ₹33 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.Rohan makes 24 paper bookmarks at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  36. 36.One cupcake costs Arjun ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹48 to make one painted pebble. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  38. 38.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  39. 39.One clay diya costs ₹48 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹56 to make one cupcake. On the last day Zoya sells it for only ₹53. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. 2
  3. cost price
  4. cost price
  5. False
  6. 105
  7. 4
  8. True
  9. 7
  10. Profit
  11. selling price
  12. True
  13. 7
  14. False
  15. False
  16. Loss
  17. True
  18. 225
  19. Loss
  20. Loss
  21. False
  22. Loss
  23. False
  24. 51
  25. 110
  26. 10
  27. SP less than CP
  28. Loss
  29. 14
  30. 34
  31. 330
  32. Profit
  33. Loss
  34. 240
  35. cost price
  36. Loss
  37. 6
  38. what the buyer pays
  39. 61
  40. 3

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