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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 676 · 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.One handmade card costs Riya ₹59 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  3. 3.It costs ₹50 to make one painted pebble. Zoya sells it for ₹62. What is the profit on one (in ₹)?
  4. 4.It costs ₹23 to make one bag of popcorn. On the last day Meera sells it for only ₹14. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.It costs ₹49 to make one cup of lemonade. Diya sells it for ₹54. What is the profit on one (in ₹)?
  9. 9.True or false: “what a customer pays” is the cost price. (a) False (b) True
  10. 10.It costs ₹63 to make one jute bag. On the last day Meera sells it for only ₹60. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.Ananya makes 11 painted pebbles at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  15. 15.One clay diya costs Zoya ₹27 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.One painted pebble costs Tara ₹28 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One cupcake costs ₹36 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹50 to make one glass of chai. Rohan sells it for ₹52. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  21. 21.One clay diya costs ₹34 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  22. 22.Kavya makes 25 potted plants at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  23. 23.True or false: “the price on your board” is the cost price. (a) False (b) True
  24. 24.One cupcake costs Joseph ₹40 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  26. 26.One glass of chai costs Riya ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  28. 28.It costs ₹39 to make one paper bookmark. On the last day Riya sells it for only ₹36. How much is the loss on one (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.Nisha makes 10 fruit cups at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.It costs ₹43 to make one handmade card. Tara sells it for ₹59. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  33. 33.True or false: “money spent to get it” is the cost price. (a) True (b) False
  34. 34.Dev makes 10 fruit cups at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  35. 35.Saanvi makes 17 bags of popcorn at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  36. 36.One potted plant costs Aarav ₹22 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “what you paid for it” is the cost price. (a) False (b) True
  38. 38.One cupcake costs Gurpreet ₹19 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹57 to make one bag of popcorn. On the last day Riya sells it for only ₹51. How much is the loss on one (in ₹)?
  40. 40.True or false: “cost of making one” is the selling price. (a) False (b) True

Answer key

  1. Profit
  2. what the buyer pays
  3. 12
  4. 9
  5. selling price
  6. True
  7. cost price
  8. 5
  9. False
  10. 3
  11. what it cost you
  12. cost price
  13. selling price
  14. 99
  15. Profit
  16. Loss
  17. 41
  18. 2
  19. cost price
  20. SP less than CP
  21. 51
  22. 300
  23. False
  24. Profit
  25. SP more than CP
  26. Profit
  27. False
  28. 3
  29. True
  30. 120
  31. 16
  32. cost price
  33. True
  34. 10
  35. 170
  36. Loss
  37. True
  38. Profit
  39. 6
  40. False

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