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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 741 · 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.It costs ₹45 to make one bag of popcorn. Zoya sells it for ₹55. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹59 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹46 to make one painted pebble. On the last day Lakshmi sells it for only ₹37. How much is the loss on one (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.It costs ₹39 to make one potted plant. Zoya sells it for ₹45. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.It costs ₹52 to make one paper bookmark. On the last day Joseph sells it for only ₹51. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  10. 10.True or false: “the price you sell at” is the cost price. (a) True (b) False
  11. 11.It costs ₹20 to make one cupcake. On the last day Vihaan sells it for only ₹12. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.One paper bookmark costs ₹42 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  16. 16.One glass of chai costs Dev ₹35 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “what a customer pays” is the cost price. (a) True (b) False
  18. 18.True or false: “the price on your board” is the cost price. (a) False (b) True
  19. 19.One cup of lemonade costs Nisha ₹41 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹40 to make one painted pebble. On the last day Saanvi sells it for only ₹37. How much is the loss on one (in ₹)?
  21. 21.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  22. 22.It costs ₹34 to make one cupcake. On the last day Ananya sells it for only ₹28. How much is the loss on one (in ₹)?
  23. 23.One cup of lemonade costs Meera ₹59 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One glass of chai costs Saanvi ₹49 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.One handmade card costs Riya ₹18 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹36 to make one handmade card. On the last day Lakshmi sells it for only ₹31. How much is the loss on one (in ₹)?
  28. 28.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  29. 29.One handmade card costs Tara ₹23 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹11 to make one glass of chai. Nisha sells it for ₹17. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs Lakshmi ₹57 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.Dev makes 26 bags of popcorn at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) True (b) False
  34. 34.One painted pebble costs Meera ₹38 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹23 to make one glass of chai. On the last day Saanvi sells it for only ₹22. How much is the loss on one (in ₹)?
  36. 36.One friendship band costs Kavya ₹27 to make and sells for ₹22. 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.True or false: “the price you sell at” is the selling price. (a) False (b) True
  39. 39.One potted plant costs Diya ₹58 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price

Answer key

  1. 10
  2. 77
  3. 9
  4. False
  5. selling price
  6. 6
  7. selling price
  8. 1
  9. what it cost you
  10. False
  11. 8
  12. cost price
  13. 59
  14. True
  15. what the buyer pays
  16. Profit
  17. False
  18. False
  19. Loss
  20. 3
  21. SP more than CP
  22. 6
  23. Profit
  24. Loss
  25. True
  26. Profit
  27. 5
  28. SP less than CP
  29. Profit
  30. 6
  31. Loss
  32. 364
  33. False
  34. Profit
  35. 1
  36. Loss
  37. selling price
  38. True
  39. Profit
  40. cost price

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