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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 577 · 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: “the price you sell at” is the cost price. (a) False (b) True
  2. 2.One clay diya costs ₹28 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹58 to make one paper bookmark. On the last day Joseph sells it for only ₹54. How much is the loss on one (in ₹)?
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.One fruit cup costs Dev ₹19 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.Kavya makes 23 glasses of chai at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  7. 7.True or false: “money got from a sale” is the cost price. (a) True (b) False
  8. 8.One fruit cup costs Diya ₹28 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.Kavya makes 24 jute bags at a cost of ₹24 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  12. 12.It costs ₹19 to make one cup of lemonade. On the last day Diya sells it for only ₹18. How much is the loss on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the selling price. (a) False (b) True
  14. 14.It costs ₹64 to make one handmade card. On the last day Kabir sells it for only ₹54. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  16. 16.True or false: “the price on your board” is the cost price. (a) False (b) True
  17. 17.One fruit cup costs ₹50 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹31 to make one glass of chai. Zoya sells it for ₹33. What is the profit on one (in ₹)?
  19. 19.Lakshmi makes 11 jute bags at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  20. 20.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  21. 21.One painted pebble costs Arjun ₹48 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.It costs ₹57 to make one jute bag. Kabir sells it for ₹70. What is the profit on one (in ₹)?
  25. 25.It costs ₹45 to make one bag of popcorn. Lakshmi sells it for ₹65. What is the profit on one (in ₹)?
  26. 26.True or false: “what you paid for it” is the cost price. (a) False (b) True
  27. 27.It costs ₹43 to make one friendship band. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  28. 28.Zoya makes 10 clay diyas at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.One bag of popcorn costs Dev ₹26 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One clay diya costs Tara ₹33 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹56 to make one cup of lemonade. Gurpreet sells it for ₹69. What is the profit on one (in ₹)?
  32. 32.It costs ₹25 to make one fruit cup. On the last day Zoya sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.One bag of popcorn costs ₹21 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  36. 36.It costs ₹6 to make one painted pebble. Kavya sells it for ₹17. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.One potted plant costs Ananya ₹51 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One friendship band costs Vihaan ₹38 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹59 to make one paper bookmark. Ishaan sells it for ₹66. What is the profit on one (in ₹)?

Answer key

  1. False
  2. 33
  3. 4
  4. False
  5. Loss
  6. 299
  7. False
  8. Profit
  9. SP less than CP
  10. cost price
  11. 120
  12. 1
  13. True
  14. 10
  15. what it cost you
  16. False
  17. 55
  18. 2
  19. 154
  20. what the buyer pays
  21. Loss
  22. SP more than CP
  23. False
  24. 13
  25. 20
  26. True
  27. 8
  28. 110
  29. Profit
  30. Profit
  31. 13
  32. 8
  33. 33
  34. selling price
  35. cost price
  36. 11
  37. cost price
  38. Profit
  39. Loss
  40. 7

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