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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 574 · 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 glass of chai costs Diya ₹37 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  3. 3.It costs ₹32 to make one handmade card. Farhan sells it for ₹34. What is the profit on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  5. 5.True or false: “money spent to get it” is the cost price. (a) False (b) True
  6. 6.One cup of lemonade costs Kavya ₹25 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  8. 8.One cup of lemonade costs Lakshmi ₹30 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹42 to make one paper bookmark. On the last day Gurpreet sells it for only ₹35. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.It costs ₹63 to make one jute bag. On the last day Farhan sells it for only ₹53. How much is the loss on one (in ₹)?
  13. 13.It costs ₹55 to make one painted pebble. Farhan sells it for ₹60. What is the profit on one (in ₹)?
  14. 14.It costs ₹36 to make one potted plant. On the last day Farhan sells it for only ₹35. How much is the loss on one (in ₹)?
  15. 15.One clay diya costs Nisha ₹20 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  17. 17.True or false: “what a customer pays” is the selling price. (a) False (b) True
  18. 18.One glass of chai costs Aarav ₹48 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.One jute bag costs Aarav ₹60 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  22. 22.Kabir makes 21 clay diyas at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.True or false: “money got from a sale” is the selling price. (a) False (b) True
  25. 25.True or false: “money spent to get it” is the selling price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  27. 27.It costs ₹39 to make one cup of lemonade. On the last day Zoya sells it for only ₹37. How much is the loss on one (in ₹)?
  28. 28.One potted plant costs Joseph ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.One jute bag costs ₹53 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.Diya makes 14 paper bookmarks at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  34. 34.It costs ₹17 to make one friendship band. Diya sells it for ₹21. What is the profit on one (in ₹)?
  35. 35.It costs ₹25 to make one jute bag. Saanvi sells it for ₹38. What is the profit on one (in ₹)?
  36. 36.Kavya makes 14 paper bookmarks at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  37. 37.Ananya makes 27 clay diyas at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.It costs ₹51 to make one glass of chai. Kavya sells it for ₹57. What is the profit on one (in ₹)?
  40. 40.True or false: “the price you sell at” is the selling price. (a) True (b) False

Answer key

  1. Loss
  2. SP more than CP
  3. 2
  4. SP less than CP
  5. True
  6. Loss
  7. what the buyer pays
  8. Loss
  9. 7
  10. what it cost you
  11. cost price
  12. 10
  13. 5
  14. 1
  15. Profit
  16. cost price
  17. True
  18. Loss
  19. selling price
  20. Loss
  21. selling price
  22. 294
  23. True
  24. True
  25. False
  26. selling price
  27. 2
  28. Loss
  29. False
  30. 64
  31. 28
  32. cost price
  33. selling price
  34. 4
  35. 13
  36. 140
  37. 54
  38. False
  39. 6
  40. True

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