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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 653 · 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.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  2. 2.It costs ₹18 to make one glass of chai. Rohan sells it for ₹33. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.One friendship band costs ₹57 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  7. 7.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  8. 8.One clay diya costs Vihaan ₹53 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.It costs ₹16 to make one glass of chai. Kabir sells it for ₹17. What is the profit on one (in ₹)?
  12. 12.True or false: “money got from a sale” is the cost price. (a) True (b) False
  13. 13.True or false: “the price you sell at” is the cost price. (a) False (b) True
  14. 14.It costs ₹23 to make one bag of popcorn. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  15. 15.It costs ₹19 to make one glass of chai. On the last day Joseph sells it for only ₹13. How much is the loss on one (in ₹)?
  16. 16.One bag of popcorn costs Kabir ₹36 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One painted pebble costs Vihaan ₹39 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.It costs ₹26 to make one potted plant. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.One cup of lemonade costs ₹11 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.One glass of chai costs Ishaan ₹24 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One jute bag costs Meera ₹18 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  26. 26.True or false: “what a customer pays” is the selling price. (a) False (b) True
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.It costs ₹24 to make one bag of popcorn. Lakshmi sells it for ₹38. What is the profit on one (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.It costs ₹53 to make one fruit cup. On the last day Kabir sells it for only ₹45. How much is the loss on one (in ₹)?
  31. 31.One handmade card costs Ananya ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One handmade card costs Ananya ₹16 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.One cup of lemonade costs Tara ₹46 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.One cupcake costs Rohan ₹35 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One paper bookmark costs ₹13 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹25 to make one potted plant. Kavya sells it for ₹27. What is the profit on one (in ₹)?
  39. 39.It costs ₹29 to make one glass of chai. Zoya sells it for ₹33. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹8 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. 15
  3. what it cost you
  4. cost price
  5. 72
  6. SP more than CP
  7. what the buyer pays
  8. Loss
  9. True
  10. cost price
  11. 1
  12. False
  13. False
  14. 3
  15. 6
  16. Loss
  17. Loss
  18. True
  19. False
  20. 8
  21. cost price
  22. 18
  23. Loss
  24. Loss
  25. False
  26. True
  27. selling price
  28. 14
  29. False
  30. 8
  31. Loss
  32. Loss
  33. selling price
  34. Loss
  35. cost price
  36. Loss
  37. 32
  38. 2
  39. 4
  40. 27

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