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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 720 · 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.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  2. 2.One handmade card costs ₹19 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.One bag of popcorn costs Zoya ₹44 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.It costs ₹17 to make one handmade card. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  5. 5.It costs ₹40 to make one potted plant. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
  6. 6.One glass of chai costs Arjun ₹42 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  8. 8.Aarav makes 26 cups of lemonade at a cost of ₹7 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  9. 9.One potted plant costs Nisha ₹20 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹11 to make one glass of chai. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  11. 11.One bag of popcorn costs ₹5 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  12. 12.One clay diya costs ₹53 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  14. 14.Diya makes 27 glasses of chai at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  16. 16.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.It costs ₹29 to make one painted pebble. On the last day Ananya sells it for only ₹20. How much is the loss on one (in ₹)?
  20. 20.It costs ₹24 to make one cup of lemonade. Gurpreet sells it for ₹38. What is the profit on one (in ₹)?
  21. 21.It costs ₹23 to make one clay diya. Farhan sells it for ₹42. What is the profit on one (in ₹)?
  22. 22.One friendship band costs Kabir ₹54 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹41 to make one cup of lemonade. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.One bag of popcorn costs ₹43 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “cost of making one” is the cost price. (a) True (b) False
  27. 27.True or false: “money got from a sale” is the cost price. (a) True (b) False
  28. 28.True or false: “the price on your board” is the selling price. (a) False (b) True
  29. 29.It costs ₹35 to make one jute bag. On the last day Zoya sells it for only ₹33. How much is the loss on one (in ₹)?
  30. 30.One painted pebble costs ₹35 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.One handmade card costs Farhan ₹38 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.One handmade card costs Gurpreet ₹27 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  37. 37.Kabir makes 7 cups of lemonade at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  38. 38.It costs ₹20 to make one clay diya. Gurpreet sells it for ₹39. What is the profit on one (in ₹)?
  39. 39.One cupcake costs Zoya ₹27 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One handmade card costs Ananya ₹31 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 26
  3. Loss
  4. 2
  5. 1
  6. Profit
  7. SP less than CP
  8. 338
  9. Profit
  10. 1
  11. 20
  12. 66
  13. what it cost you
  14. 405
  15. SP more than CP
  16. what the buyer pays
  17. False
  18. False
  19. 9
  20. 14
  21. 19
  22. Profit
  23. 13
  24. cost price
  25. 46
  26. True
  27. False
  28. True
  29. 2
  30. 40
  31. False
  32. Profit
  33. selling price
  34. Profit
  35. False
  36. False
  37. 7
  38. 19
  39. Profit
  40. Profit

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