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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 756 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  2. 2.True or false: “the price on your board” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  4. 4.It costs ₹27 to make one potted plant. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.It costs ₹13 to make one handmade card. Aarav sells it for ₹17. What is the profit on one (in ₹)?
  7. 7.Farhan makes 14 painted pebbles at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  8. 8.One bag of popcorn costs Tara ₹20 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One cup of lemonade costs Rohan ₹50 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.True or false: “what a customer pays” is the selling price. (a) True (b) False
  12. 12.It costs ₹27 to make one cup of lemonade. Riya sells it for ₹35. What is the profit on one (in ₹)?
  13. 13.It costs ₹33 to make one potted plant. Arjun sells it for ₹45. What is the profit on one (in ₹)?
  14. 14.It costs ₹53 to make one jute bag. On the last day Meera sells it for only ₹51. How much is the loss on one (in ₹)?
  15. 15.One fruit cup costs ₹17 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹15 to make one cupcake. On the last day Rohan sells it for only ₹10. How much is the loss on one (in ₹)?
  17. 17.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  18. 18.One cupcake costs ₹11 to make. Diya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  19. 19.One jute bag costs ₹35 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “money spent to get it” is the cost price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.Nisha makes 18 cups of lemonade at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  23. 23.It costs ₹52 to make one jute bag. On the last day Vihaan sells it for only ₹45. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.One handmade card costs ₹46 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  26. 26.Vihaan makes 20 glasses of chai at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  27. 27.One handmade card costs Ishaan ₹31 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One handmade card costs ₹7 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.Kabir makes 5 cups of lemonade at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  30. 30.One bag of popcorn costs Kavya ₹44 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  32. 32.It costs ₹31 to make one painted pebble. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  33. 33.One paper bookmark costs Tara ₹19 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  39. 39.True or false: “the price you sell at” is the selling price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price

Answer key

  1. SP more than CP
  2. True
  3. what it cost you
  4. 8
  5. cost price
  6. 4
  7. 210
  8. Loss
  9. Profit
  10. cost price
  11. True
  12. 8
  13. 12
  14. 2
  15. 28
  16. 5
  17. what the buyer pays
  18. 18
  19. 42
  20. True
  21. cost price
  22. 18
  23. 7
  24. True
  25. 55
  26. 280
  27. Loss
  28. 15
  29. 65
  30. Loss
  31. SP less than CP
  32. 3
  33. Loss
  34. selling price
  35. False
  36. selling price
  37. False
  38. cost price
  39. True
  40. selling price

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