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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 644 · 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 ₹58 to make one fruit cup. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  2. 2.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  3. 3.Dev makes 24 painted pebbles at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  4. 4.One jute bag costs Meera ₹24 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.Arjun makes 16 jute bags at a cost of ₹34 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
  7. 7.True or false: “the price you sell at” is the cost price. (a) False (b) True
  8. 8.One paper bookmark costs Vihaan ₹16 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.True or false: “money got from a sale” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.One bag of popcorn costs ₹45 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  15. 15.One painted pebble costs Lakshmi ₹34 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  17. 17.One potted plant costs ₹13 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.One glass of chai costs ₹28 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹58 to make one potted plant. Rohan sells it for ₹78. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs Rohan ₹60 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.It costs ₹21 to make one friendship band. On the last day Vihaan sells it for only ₹11. How much is the loss on one (in ₹)?
  24. 24.It costs ₹52 to make one paper bookmark. Nisha sells it for ₹62. What is the profit on one (in ₹)?
  25. 25.Vihaan makes 28 cups of lemonade at a cost of ₹34 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  26. 26.One cup of lemonade costs Ananya ₹45 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  28. 28.One bag of popcorn costs ₹9 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.One friendship band costs ₹8 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹5 to make one painted pebble. Kabir sells it for ₹25. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  33. 33.One paper bookmark costs Vihaan ₹35 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹59 to make one potted plant. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  35. 35.It costs ₹55 to make one handmade card. Aarav sells it for ₹72. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  37. 37.One fruit cup costs Kavya ₹43 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One bag of popcorn costs Kabir ₹39 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.Arjun makes 27 cupcakes at a cost of ₹23 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  40. 40.It costs ₹51 to make one potted plant. On the last day Farhan sells it for only ₹42. How much is the loss on one (in ₹)?

Answer key

  1. 4
  2. what the buyer pays
  3. 24
  4. Loss
  5. 176
  6. False
  7. False
  8. Profit
  9. cost price
  10. True
  11. True
  12. cost price
  13. 57
  14. SP less than CP
  15. Loss
  16. SP more than CP
  17. 28
  18. cost price
  19. 44
  20. 20
  21. Loss
  22. selling price
  23. 10
  24. 10
  25. 252
  26. Loss
  27. True
  28. 18
  29. False
  30. 14
  31. 20
  32. what it cost you
  33. Loss
  34. 7
  35. 17
  36. selling price
  37. Loss
  38. Loss
  39. 405
  40. 9

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