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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 744 · 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.One cupcake costs Gurpreet ₹25 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.It costs ₹7 to make one potted plant. Vihaan sells it for ₹9. What is the profit on one (in ₹)?
  3. 3.True or false: “money got from a sale” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.It costs ₹38 to make one jute bag. On the last day Vihaan sells it for only ₹29. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.True or false: “money spent to get it” is the cost price. (a) True (b) False
  8. 8.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  9. 9.One cup of lemonade costs ₹52 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹36 to make one clay diya. Ananya sells it for ₹43. What is the profit on one (in ₹)?
  11. 11.It costs ₹9 to make one cup of lemonade. Ananya sells it for ₹11. What is the profit on one (in ₹)?
  12. 12.It costs ₹17 to make one jute bag. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
  13. 13.It costs ₹46 to make one cup of lemonade. On the last day Farhan sells it for only ₹43. How much is the loss on one (in ₹)?
  14. 14.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  15. 15.It costs ₹50 to make one bag of popcorn. On the last day Ananya sells it for only ₹44. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.It costs ₹36 to make one handmade card. On the last day Ishaan sells it for only ₹31. How much is the loss on one (in ₹)?
  18. 18.Dev makes 25 paper bookmarks at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.True or false: “cost of making one” is the cost price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.It costs ₹31 to make one potted plant. On the last day Ananya sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.Dev makes 14 handmade cards at a cost of ₹28 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  25. 25.One fruit cup costs Dev ₹17 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “the price on your board” is the selling price. (a) False (b) True
  27. 27.One friendship band costs Diya ₹44 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.Riya makes 24 bags of popcorn at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  31. 31.It costs ₹14 to make one potted plant. Tara sells it for ₹28. What is the profit on one (in ₹)?
  32. 32.True or false: “the price you sell at” is the selling price. (a) False (b) True
  33. 33.It costs ₹30 to make one painted pebble. On the last day Kavya sells it for only ₹26. How much is the loss on one (in ₹)?
  34. 34.Dev makes 30 cups of lemonade at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  35. 35.Kavya makes 23 painted pebbles at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.One potted plant costs Aarav ₹27 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹34 to make one paper bookmark. On the last day Tara sells it for only ₹25. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.One glass of chai costs Kabir ₹21 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. Loss
  2. 2
  3. True
  4. selling price
  5. 9
  6. cost price
  7. True
  8. what the buyer pays
  9. 63
  10. 7
  11. 2
  12. 2
  13. 3
  14. SP more than CP
  15. 6
  16. selling price
  17. 5
  18. 175
  19. cost price
  20. True
  21. cost price
  22. cost price
  23. 2
  24. 168
  25. Loss
  26. True
  27. Loss
  28. 48
  29. False
  30. SP less than CP
  31. 14
  32. True
  33. 4
  34. 330
  35. 345
  36. True
  37. Loss
  38. 9
  39. selling price
  40. Loss

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