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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 670 · 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 less than CP (b) SP equal to CP (c) SP more than CP (d) always
  2. 2.It costs ₹36 to make one cupcake. On the last day Meera sells it for only ₹27. How much is the loss on one (in ₹)?
  3. 3.True or false: “money got from a sale” is the cost price. (a) True (b) False
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  5. 5.It costs ₹13 to make one potted plant. On the last day Kavya sells it for only ₹10. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.One jute bag costs Aarav ₹31 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “the price on your board” is the selling price. (a) False (b) True
  10. 10.One clay diya costs Meera ₹27 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One cup of lemonade costs Kavya ₹49 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One paper bookmark costs ₹20 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹25 to make one potted plant. On the last day Vihaan sells it for only ₹15. How much is the loss on one (in ₹)?
  14. 14.It costs ₹21 to make one jute bag. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  15. 15.It costs ₹23 to make one jute bag. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  16. 16.It costs ₹64 to make one painted pebble. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?
  17. 17.One cup of lemonade costs ₹24 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what a customer pays” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.It costs ₹27 to make one jute bag. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  21. 21.One paper bookmark costs ₹28 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.True or false: “money spent to get it” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹38 to make one fruit cup. On the last day Aarav sells it for only ₹37. How much is the loss on one (in ₹)?
  26. 26.One glass of chai costs Saanvi ₹22 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  28. 28.It costs ₹23 to make one friendship band. Rohan sells it for ₹32. What is the profit on one (in ₹)?
  29. 29.Meera makes 13 potted plants at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  31. 31.It costs ₹49 to make one painted pebble. On the last day Kabir sells it for only ₹45. How much is the loss on one (in ₹)?
  32. 32.It costs ₹17 to make one fruit cup. On the last day Vihaan sells it for only ₹12. How much is the loss on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.It costs ₹64 to make one fruit cup. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
  35. 35.Zoya makes 28 potted plants at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  36. 36.True or false: “money spent to get it” is the selling price. (a) False (b) True
  37. 37.Gurpreet makes 5 paper bookmarks at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  38. 38.It costs ₹37 to make one cupcake. Kabir sells it for ₹51. What is the profit on one (in ₹)?
  39. 39.Ananya makes 28 friendship bands at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  40. 40.It costs ₹21 to make one glass of chai. On the last day Kavya sells it for only ₹20. How much is the loss on one (in ₹)?

Answer key

  1. SP less than CP
  2. 9
  3. False
  4. what the buyer pays
  5. 3
  6. SP more than CP
  7. selling price
  8. Profit
  9. True
  10. Loss
  11. Profit
  12. 39
  13. 10
  14. 1
  15. 12
  16. 6
  17. 29
  18. False
  19. selling price
  20. 3
  21. 46
  22. cost price
  23. True
  24. cost price
  25. 1
  26. Loss
  27. what it cost you
  28. 9
  29. 78
  30. cost price
  31. 4
  32. 5
  33. True
  34. 8
  35. 364
  36. False
  37. 25
  38. 14
  39. 168
  40. 1

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