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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 680 · 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 paper bookmark costs Joseph ₹43 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  4. 4.It costs ₹58 to make one handmade card. On the last day Kabir sells it for only ₹55. How much is the loss on one (in ₹)?
  5. 5.Arjun makes 30 cups of lemonade at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.It costs ₹34 to make one friendship band. On the last day Vihaan sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.True or false: “the price on your board” is the selling price. (a) True (b) False
  12. 12.It costs ₹15 to make one painted pebble. Gurpreet sells it for ₹20. What is the profit on one (in ₹)?
  13. 13.It costs ₹59 to make one cupcake. On the last day Farhan sells it for only ₹49. How much is the loss on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  16. 16.It costs ₹42 to make one clay diya. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  17. 17.It costs ₹26 to make one handmade card. On the last day Zoya sells it for only ₹21. How much is the loss on one (in ₹)?
  18. 18.One painted pebble costs Kabir ₹22 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One potted plant costs ₹8 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  21. 21.True or false: “money got from a sale” is the cost price. (a) True (b) False
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.One cupcake costs Aarav ₹45 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One fruit cup costs Saanvi ₹52 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Gurpreet makes 25 fruit cups at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.It costs ₹29 to make one bag of popcorn. Meera sells it for ₹32. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  31. 31.True or false: “the price you sell at” is the cost price. (a) False (b) True
  32. 32.It costs ₹58 to make one bag of popcorn. Aarav sells it for ₹64. What is the profit on one (in ₹)?
  33. 33.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
  35. 35.Diya makes 22 paper bookmarks at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  36. 36.One clay diya costs Farhan ₹44 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One bag of popcorn costs ₹19 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.One paper bookmark costs ₹13 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  39. 39.One painted pebble costs Arjun ₹36 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹23 to make one painted pebble. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?

Answer key

  1. Profit
  2. cost price
  3. what it cost you
  4. 3
  5. 330
  6. selling price
  7. cost price
  8. SP more than CP
  9. selling price
  10. 3
  11. True
  12. 5
  13. 10
  14. False
  15. what the buyer pays
  16. 11
  17. 5
  18. Loss
  19. 14
  20. selling price
  21. False
  22. False
  23. True
  24. Profit
  25. Loss
  26. 50
  27. selling price
  28. 3
  29. cost price
  30. False
  31. False
  32. 6
  33. SP less than CP
  34. True
  35. 330
  36. Profit
  37. 22
  38. 17
  39. Loss
  40. 10

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