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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 732 · 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: “cost of making one” is the cost price. (a) True (b) False
  2. 2.It costs ₹35 to make one potted plant. On the last day Kavya sells it for only ₹32. How much is the loss on one (in ₹)?
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  5. 5.One friendship band costs Kabir ₹55 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.One paper bookmark costs Saanvi ₹20 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.Riya makes 29 painted pebbles at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  9. 9.One bag of popcorn costs ₹42 to make. Arjun wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  10. 10.One handmade card costs Dev ₹20 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.True or false: “what you paid for it” is the cost price. (a) True (b) False
  14. 14.It costs ₹55 to make one fruit cup. On the last day Ananya sells it for only ₹50. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.One handmade card costs Ananya ₹51 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “money got from a sale” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.It costs ₹20 to make one handmade card. Zoya sells it for ₹34. What is the profit on one (in ₹)?
  22. 22.It costs ₹48 to make one painted pebble. Nisha sells it for ₹50. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs Ananya ₹29 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹44 to make one clay diya. Gurpreet sells it for ₹64. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  26. 26.One cupcake costs ₹38 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹29 to make one glass of chai. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  28. 28.One potted plant costs Aarav ₹24 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.One glass of chai costs ₹13 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.One clay diya costs ₹30 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹40 to make one painted pebble. On the last day Kavya sells it for only ₹32. How much is the loss on one (in ₹)?
  34. 34.It costs ₹35 to make one friendship band. Joseph sells it for ₹55. What is the profit on one (in ₹)?
  35. 35.Diya makes 20 glasses of chai at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  36. 36.One potted plant costs Kavya ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.It costs ₹16 to make one handmade card. Rohan sells it for ₹19. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

Answer key

  1. True
  2. 3
  3. False
  4. SP less than CP
  5. Loss
  6. Loss
  7. cost price
  8. 406
  9. 50
  10. Loss
  11. SP more than CP
  12. selling price
  13. True
  14. 5
  15. cost price
  16. False
  17. Loss
  18. True
  19. selling price
  20. True
  21. 14
  22. 2
  23. Loss
  24. 20
  25. what it cost you
  26. 45
  27. 12
  28. Profit
  29. False
  30. 17
  31. True
  32. 31
  33. 8
  34. 20
  35. 120
  36. Loss
  37. selling price
  38. 3
  39. cost price
  40. False

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