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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 769 · 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. Ananya sells it for ₹57. What is the profit on one (in ₹)?
  2. 2.It costs ₹42 to make one painted pebble. On the last day Dev sells it for only ₹36. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.One paper bookmark costs Ananya ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  7. 7.One handmade card costs Nisha ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “the price you sell at” is the cost price. (a) False (b) True
  9. 9.It costs ₹61 to make one bag of popcorn. On the last day Meera sells it for only ₹58. How much is the loss on one (in ₹)?
  10. 10.It costs ₹50 to make one handmade card. Ishaan sells it for ₹62. What is the profit on one (in ₹)?
  11. 11.It costs ₹30 to make one handmade card. Arjun sells it for ₹45. What is the profit on one (in ₹)?
  12. 12.It costs ₹54 to make one friendship band. Ishaan sells it for ₹61. What is the profit on one (in ₹)?
  13. 13.Zoya makes 16 painted pebbles at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  14. 14.One handmade card costs Arjun ₹34 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “what a customer pays” is the cost price. (a) True (b) False
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  17. 17.It costs ₹25 to make one glass of chai. Ishaan sells it for ₹43. What is the profit on one (in ₹)?
  18. 18.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  19. 19.True or false: “what a customer pays” is the selling price. (a) False (b) True
  20. 20.It costs ₹37 to make one potted plant. Saanvi sells it for ₹43. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹48 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  22. 22.One bag of popcorn costs Riya ₹48 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹59 to make one potted plant. Arjun sells it for ₹70. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.One jute bag costs Diya ₹45 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One glass of chai costs ₹32 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  27. 27.Ananya makes 21 paper bookmarks at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  28. 28.True or false: “money got from a sale” is the selling price. (a) False (b) True
  29. 29.It costs ₹6 to make one handmade card. Vihaan sells it for ₹8. What is the profit on one (in ₹)?
  30. 30.It costs ₹62 to make one fruit cup. On the last day Meera sells it for only ₹56. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  32. 32.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  34. 34.It costs ₹51 to make one potted plant. Gurpreet sells it for ₹67. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹43 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.One painted pebble costs Arjun ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One friendship band costs Diya ₹17 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.True or false: “the price on your board” is the selling price. (a) False (b) True
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. 12
  2. 6
  3. selling price
  4. selling price
  5. Profit
  6. what the buyer pays
  7. Loss
  8. False
  9. 3
  10. 12
  11. 15
  12. 7
  13. 144
  14. Profit
  15. False
  16. SP more than CP
  17. 18
  18. SP less than CP
  19. True
  20. 6
  21. 51
  22. Loss
  23. 11
  24. cost price
  25. Loss
  26. 47
  27. 294
  28. True
  29. 2
  30. 6
  31. selling price
  32. what it cost you
  33. False
  34. 16
  35. 48
  36. Profit
  37. Loss
  38. True
  39. True
  40. False

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