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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 655 · 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 profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  2. 2.One painted pebble costs Diya ₹33 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  5. 5.One fruit cup costs ₹43 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  7. 7.One clay diya costs Aarav ₹24 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.Dev makes 23 clay diyas at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  9. 9.It costs ₹38 to make one paper bookmark. Meera sells it for ₹47. What is the profit on one (in ₹)?
  10. 10.It costs ₹14 to make one friendship band. On the last day Gurpreet sells it for only ₹5. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  13. 13.It costs ₹17 to make one fruit cup. On the last day Dev sells it for only ₹13. How much is the loss on one (in ₹)?
  14. 14.Farhan makes 20 cups of lemonade at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  15. 15.True or false: “the price you sell at” is the selling price. (a) False (b) True
  16. 16.True or false: “money got from a sale” is the selling price. (a) True (b) False
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.It costs ₹31 to make one handmade card. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  19. 19.True or false: “cost of making one” is the cost price. (a) False (b) True
  20. 20.One jute bag costs Kabir ₹16 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “money got from a sale” is the cost price. (a) True (b) False
  22. 22.One glass of chai costs ₹19 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.Rohan makes 18 glasses of chai at a cost of ₹23 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  24. 24.One glass of chai costs Kavya ₹29 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Aarav makes 21 painted pebbles at a cost of ₹24 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.Nisha makes 8 glasses of chai at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  28. 28.True or false: “the price on your board” is the selling price. (a) False (b) True
  29. 29.One fruit cup costs Aarav ₹53 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One cup of lemonade costs ₹35 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹15 to make one paper bookmark. Kabir sells it for ₹19. What is the profit on one (in ₹)?
  32. 32.Diya makes 10 glasses of chai at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  33. 33.True or false: “what you paid for it” is the cost price. (a) True (b) False
  34. 34.It costs ₹32 to make one fruit cup. Gurpreet sells it for ₹51. What is the profit on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.It costs ₹39 to make one potted plant. On the last day Arjun sells it for only ₹32. How much is the loss on one (in ₹)?
  37. 37.Meera makes 11 painted pebbles at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  38. 38.It costs ₹58 to make one jute bag. Kabir sells it for ₹74. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs Dev ₹20 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹30 to make one clay diya. On the last day Kabir sells it for only ₹29. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. Loss
  3. selling price
  4. SP less than CP
  5. 44
  6. what it cost you
  7. Profit
  8. 345
  9. 9
  10. 9
  11. selling price
  12. what the buyer pays
  13. 4
  14. 60
  15. True
  16. True
  17. False
  18. 2
  19. True
  20. Profit
  21. False
  22. 23
  23. 270
  24. Profit
  25. 105
  26. False
  27. 40
  28. True
  29. Loss
  30. 38
  31. 4
  32. 110
  33. True
  34. 19
  35. False
  36. 7
  37. 77
  38. 16
  39. Loss
  40. 1

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