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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 664 · 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.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  2. 2.True or false: “money spent to get it” is the cost price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.It costs ₹60 to make one glass of chai. On the last day Nisha sells it for only ₹51. How much is the loss on one (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  7. 7.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  8. 8.One cup of lemonade costs ₹49 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  9. 9.One friendship band costs ₹27 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “cost of making one” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.One painted pebble costs ₹6 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  13. 13.One clay diya costs Dev ₹47 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.One potted plant costs Nisha ₹25 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹63 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.One handmade card costs ₹13 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹23 to make one painted pebble. On the last day Nisha sells it for only ₹18. How much is the loss on one (in ₹)?
  20. 20.One cup of lemonade costs Riya ₹44 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.It costs ₹59 to make one potted plant. On the last day Nisha sells it for only ₹57. How much is the loss on one (in ₹)?
  23. 23.One paper bookmark costs Saanvi ₹50 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹35 to make one cupcake. On the last day Lakshmi sells it for only ₹28. How much is the loss on one (in ₹)?
  25. 25.One cup of lemonade costs Dev ₹33 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  27. 27.It costs ₹28 to make one bag of popcorn. Riya sells it for ₹45. What is the profit on one (in ₹)?
  28. 28.It costs ₹12 to make one potted plant. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  29. 29.It costs ₹16 to make one handmade card. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  30. 30.It costs ₹51 to make one friendship band. Kabir sells it for ₹62. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs Vihaan ₹18 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “cost of making one” is the selling price. (a) True (b) False
  33. 33.One handmade card costs ₹53 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  35. 35.It costs ₹23 to make one potted plant. Kavya sells it for ₹28. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.It costs ₹42 to make one bag of popcorn. On the last day Meera sells it for only ₹38. How much is the loss on one (in ₹)?
  38. 38.One fruit cup costs Kavya ₹45 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One bag of popcorn costs ₹20 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.Vihaan makes 5 clay diyas at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?

Answer key

  1. SP more than CP
  2. True
  3. cost price
  4. 9
  5. False
  6. what it cost you
  7. SP less than CP
  8. 50
  9. 29
  10. True
  11. cost price
  12. 11
  13. Profit
  14. False
  15. Loss
  16. 9
  17. False
  18. 31
  19. 5
  20. Loss
  21. True
  22. 2
  23. Profit
  24. 7
  25. Profit
  26. selling price
  27. 17
  28. 5
  29. 10
  30. 11
  31. Loss
  32. False
  33. 65
  34. what the buyer pays
  35. 5
  36. cost price
  37. 4
  38. Profit
  39. 39
  40. 10

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