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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 714 · 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.True or false: “the price on your board” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.One painted pebble costs ₹9 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹56 to make one clay diya. Zoya sells it for ₹73. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.One clay diya costs Meera ₹26 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One cup of lemonade costs ₹12 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.One bag of popcorn costs Tara ₹31 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.It costs ₹24 to make one painted pebble. Kabir sells it for ₹38. What is the profit on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  13. 13.One handmade card costs ₹34 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.It costs ₹45 to make one handmade card. Arjun sells it for ₹62. What is the profit on one (in ₹)?
  17. 17.Aarav makes 11 paper bookmarks at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) True (b) False
  19. 19.Aarav makes 15 handmade cards at a cost of ₹10 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  20. 20.It costs ₹39 to make one bag of popcorn. On the last day Nisha sells it for only ₹30. How much is the loss on one (in ₹)?
  21. 21.It costs ₹23 to make one cup of lemonade. On the last day Joseph sells it for only ₹21. How much is the loss on one (in ₹)?
  22. 22.One glass of chai costs Meera ₹55 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.It costs ₹25 to make one jute bag. Meera sells it for ₹27. What is the profit on one (in ₹)?
  26. 26.One clay diya costs Farhan ₹38 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One glass of chai costs ₹36 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹30 to make one glass of chai. Nisha sells it for ₹32. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹24 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  30. 30.Tara makes 18 glasses of chai at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  32. 32.One clay diya costs Zoya ₹39 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Kavya makes 16 friendship bands at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.It costs ₹63 to make one potted plant. On the last day Saanvi sells it for only ₹58. How much is the loss on one (in ₹)?
  37. 37.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  38. 38.One glass of chai costs ₹28 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹57 to make one bag of popcorn. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  40. 40.One potted plant costs Kavya ₹50 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. False
  2. cost price
  3. 29
  4. 17
  5. cost price
  6. Profit
  7. 17
  8. Profit
  9. selling price
  10. True
  11. 14
  12. SP more than CP
  13. 53
  14. False
  15. cost price
  16. 17
  17. 44
  18. False
  19. 90
  20. 9
  21. 2
  22. Profit
  23. True
  24. False
  25. 2
  26. Loss
  27. 41
  28. 2
  29. 27
  30. 270
  31. selling price
  32. Loss
  33. 144
  34. what the buyer pays
  35. selling price
  36. 5
  37. SP less than CP
  38. 34
  39. 8
  40. Profit

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