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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 604 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.True or false: “the price on your board” is the cost price. (a) False (b) True
  3. 3.It costs ₹6 to make one bag of popcorn. Riya sells it for ₹18. What is the profit on one (in ₹)?
  4. 4.It costs ₹11 to make one glass of chai. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.One bag of popcorn costs Meera ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “cost of making one” is the selling price. (a) False (b) True
  8. 8.Kabir makes 10 jute bags at a cost of ₹21 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.One glass of chai costs Vihaan ₹25 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.One jute bag costs Aarav ₹24 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  14. 14.It costs ₹26 to make one paper bookmark. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  16. 16.It costs ₹66 to make one cupcake. On the last day Rohan sells it for only ₹58. How much is the loss on one (in ₹)?
  17. 17.Ishaan makes 23 cupcakes at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  18. 18.One handmade card costs ₹26 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.It costs ₹58 to make one painted pebble. On the last day Dev sells it for only ₹48. How much is the loss on one (in ₹)?
  21. 21.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  22. 22.One cupcake costs ₹30 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.Meera makes 14 fruit cups at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  26. 26.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  27. 27.Vihaan makes 9 fruit cups at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  28. 28.True or false: “what you paid for it” is the selling price. (a) False (b) True
  29. 29.It costs ₹29 to make one fruit cup. On the last day Tara sells it for only ₹28. How much is the loss on one (in ₹)?
  30. 30.Lakshmi makes 20 fruit cups at a cost of ₹5 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  31. 31.It costs ₹59 to make one painted pebble. Diya sells it for ₹60. What is the profit on one (in ₹)?
  32. 32.One friendship band costs Arjun ₹49 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One glass of chai costs Joseph ₹24 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One bag of popcorn costs ₹33 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  36. 36.One jute bag costs Farhan ₹42 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money got from a sale” is the cost price. (a) False (b) True
  38. 38.It costs ₹50 to make one cup of lemonade. On the last day Riya sells it for only ₹48. How much is the loss on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.It costs ₹58 to make one clay diya. Nisha sells it for ₹78. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. False
  3. 12
  4. 5
  5. selling price
  6. Loss
  7. False
  8. 140
  9. what it cost you
  10. selling price
  11. Loss
  12. Profit
  13. SP more than CP
  14. 6
  15. True
  16. 8
  17. 23
  18. 28
  19. cost price
  20. 10
  21. SP less than CP
  22. 31
  23. True
  24. selling price
  25. 14
  26. what the buyer pays
  27. 36
  28. False
  29. 1
  30. 180
  31. 1
  32. Profit
  33. Profit
  34. 38
  35. False
  36. Loss
  37. False
  38. 2
  39. False
  40. 20

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