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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 607 · 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 you paid for it” is the selling price. (a) True (b) False
  2. 2.Meera makes 21 jute bags at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.It costs ₹40 to make one clay diya. Ishaan sells it for ₹41. What is the profit on one (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.One jute bag costs Rohan ₹19 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.Ananya makes 23 handmade cards at a cost of ₹13 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  9. 9.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  10. 10.It costs ₹31 to make one cupcake. On the last day Joseph sells it for only ₹28. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.It costs ₹19 to make one paper bookmark. Zoya sells it for ₹22. What is the profit on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.Aarav makes 11 glasses of chai at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.It costs ₹5 to make one paper bookmark. Ishaan sells it for ₹18. What is the profit on one (in ₹)?
  17. 17.It costs ₹11 to make one friendship band. Nisha sells it for ₹18. What is the profit on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.One friendship band costs Ishaan ₹57 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One glass of chai costs ₹29 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  25. 25.One bag of popcorn costs Diya ₹18 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One glass of chai costs ₹9 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  27. 27.Dev makes 30 glasses of chai at a cost of ₹27 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  28. 28.One handmade card costs ₹33 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) False (b) True
  30. 30.Vihaan makes 8 glasses of chai at a cost of ₹16 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.It costs ₹19 to make one bag of popcorn. On the last day Diya sells it for only ₹10. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.One painted pebble costs ₹49 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  35. 35.Meera makes 9 jute bags at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  36. 36.True or false: “what you paid for it” is the cost price. (a) True (b) False
  37. 37.One painted pebble costs Riya ₹24 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  39. 39.It costs ₹52 to make one handmade card. Tara sells it for ₹71. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. False
  2. 63
  3. what it cost you
  4. 1
  5. False
  6. Profit
  7. 345
  8. SP less than CP
  9. what the buyer pays
  10. 3
  11. selling price
  12. 3
  13. False
  14. 121
  15. True
  16. 13
  17. 7
  18. True
  19. selling price
  20. selling price
  21. True
  22. Loss
  23. 36
  24. cost price
  25. Loss
  26. 24
  27. 30
  28. 46
  29. False
  30. 80
  31. False
  32. 9
  33. cost price
  34. 61
  35. 108
  36. True
  37. Profit
  38. SP more than CP
  39. 19
  40. cost price

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