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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 557 · 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.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  4. 4.One painted pebble costs ₹37 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  5. 5.One paper bookmark costs Ishaan ₹35 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.Tara makes 27 handmade cards at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  8. 8.It costs ₹44 to make one painted pebble. On the last day Gurpreet sells it for only ₹43. How much is the loss on one (in ₹)?
  9. 9.It costs ₹5 to make one clay diya. Kabir sells it for ₹10. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.One cup of lemonade costs Kavya ₹24 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.True or false: “cost of making one” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  15. 15.Aarav makes 29 painted pebbles at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  16. 16.One bag of popcorn costs Kavya ₹34 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Riya makes 16 glasses of chai at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.It costs ₹7 to make one jute bag. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  20. 20.One potted plant costs Joseph ₹42 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹40 to make one bag of popcorn. On the last day Riya sells it for only ₹36. How much is the loss on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) False (b) True
  23. 23.Ishaan makes 10 cupcakes at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  24. 24.Diya makes 10 painted pebbles at a cost of ₹24 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  25. 25.One handmade card costs Dev ₹26 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.It costs ₹23 to make one cup of lemonade. Riya sells it for ₹41. What is the profit on one (in ₹)?
  31. 31.It costs ₹61 to make one friendship band. On the last day Ananya sells it for only ₹51. How much is the loss on one (in ₹)?
  32. 32.One painted pebble costs ₹52 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.One potted plant costs Ananya ₹17 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹26 to make one cupcake. Vihaan sells it for ₹41. What is the profit on one (in ₹)?
  35. 35.Kabir makes 9 fruit cups at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  36. 36.One glass of chai costs Dev ₹23 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  40. 40.True or false: “the price on your board” is the selling price. (a) False (b) True

Answer key

  1. selling price
  2. cost price
  3. what the buyer pays
  4. 40
  5. Loss
  6. 108
  7. SP more than CP
  8. 1
  9. 5
  10. cost price
  11. selling price
  12. Profit
  13. True
  14. what it cost you
  15. 435
  16. Loss
  17. 128
  18. cost price
  19. 2
  20. Profit
  21. 4
  22. False
  23. 130
  24. 40
  25. Profit
  26. False
  27. SP less than CP
  28. False
  29. False
  30. 18
  31. 10
  32. 58
  33. Loss
  34. 15
  35. 99
  36. Profit
  37. False
  38. True
  39. cost price
  40. True

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