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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 624 · 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.

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  1. 1.It costs ₹19 to make one jute bag. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  2. 2.It costs ₹58 to make one painted pebble. On the last day Vihaan sells it for only ₹56. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.One potted plant costs Aarav ₹35 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One fruit cup costs Meera ₹40 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One painted pebble costs Saanvi ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  8. 8.One cup of lemonade costs Nisha ₹19 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One paper bookmark costs ₹52 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  13. 13.One jute bag costs Riya ₹42 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.Ananya makes 18 painted pebbles at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  15. 15.True or false: “what a customer pays” is the selling price. (a) False (b) True
  16. 16.True or false: “what you paid for it” is the cost price. (a) True (b) False
  17. 17.It costs ₹14 to make one potted plant. On the last day Vihaan sells it for only ₹11. How much is the loss on one (in ₹)?
  18. 18.It costs ₹58 to make one jute bag. On the last day Gurpreet sells it for only ₹48. How much is the loss on one (in ₹)?
  19. 19.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  20. 20.It costs ₹26 to make one glass of chai. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  21. 21.It costs ₹34 to make one bag of popcorn. Kavya sells it for ₹44. What is the profit on one (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.True or false: “the price on your board” is the cost price. (a) False (b) True
  26. 26.It costs ₹28 to make one friendship band. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.True or false: “money got from a sale” is the selling price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  31. 31.One cupcake costs ₹33 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹19 to make one jute bag. Farhan sells it for ₹20. What is the profit on one (in ₹)?
  33. 33.One handmade card costs Kabir ₹58 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹34 to make one fruit cup. Arjun sells it for ₹52. What is the profit on one (in ₹)?
  35. 35.It costs ₹54 to make one fruit cup. Riya sells it for ₹67. What is the profit on one (in ₹)?
  36. 36.It costs ₹52 to make one fruit cup. Saanvi sells it for ₹70. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.One cup of lemonade costs ₹27 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.One fruit cup costs Kabir ₹60 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹50 to make one paper bookmark. On the last day Joseph sells it for only ₹40. How much is the loss on one (in ₹)?

Answer key

  1. 12
  2. 2
  3. cost price
  4. Loss
  5. Loss
  6. Loss
  7. what it cost you
  8. Profit
  9. 66
  10. SP more than CP
  11. cost price
  12. what the buyer pays
  13. Loss
  14. 18
  15. True
  16. True
  17. 3
  18. 10
  19. SP less than CP
  20. 14
  21. 10
  22. False
  23. cost price
  24. selling price
  25. False
  26. 16
  27. cost price
  28. True
  29. True
  30. selling price
  31. 34
  32. 1
  33. Loss
  34. 18
  35. 13
  36. 18
  37. selling price
  38. 47
  39. Loss
  40. 10

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