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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 772 · 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.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  2. 2.True or false: “what a customer pays” is the selling price. (a) True (b) False
  3. 3.True or false: “the price on your board” is the cost price. (a) True (b) False
  4. 4.One friendship band costs Ananya ₹46 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.True or false: “the price you sell at” is the cost price. (a) True (b) False
  6. 6.Tara makes 15 cups of lemonade at a cost of ₹20 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.It costs ₹35 to make one bag of popcorn. Ishaan sells it for ₹48. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs Kavya ₹57 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  10. 10.It costs ₹48 to make one bag of popcorn. Saanvi sells it for ₹60. What is the profit on one (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  14. 14.Farhan makes 22 paper bookmarks at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  17. 17.It costs ₹54 to make one glass of chai. Arjun sells it for ₹71. What is the profit on one (in ₹)?
  18. 18.It costs ₹5 to make one clay diya. Rohan sells it for ₹6. What is the profit on one (in ₹)?
  19. 19.It costs ₹19 to make one bag of popcorn. Gurpreet sells it for ₹33. What is the profit on one (in ₹)?
  20. 20.True or false: “cost of making one” is the cost price. (a) False (b) True
  21. 21.One potted plant costs Dev ₹31 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One jute bag costs ₹7 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.One painted pebble costs ₹23 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  24. 24.Meera makes 26 painted pebbles at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.It costs ₹13 to make one paper bookmark. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) True (b) False
  28. 28.One cup of lemonade costs Rohan ₹17 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One cup of lemonade costs Rohan ₹48 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One handmade card costs ₹9 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  31. 31.One potted plant costs Rohan ₹55 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹16 to make one glass of chai. Vihaan sells it for ₹32. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹58 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  34. 34.Ishaan makes 29 clay diyas at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.It costs ₹7 to make one jute bag. Saanvi sells it for ₹14. What is the profit on one (in ₹)?
  40. 40.It costs ₹51 to make one clay diya. On the last day Ishaan sells it for only ₹43. How much is the loss on one (in ₹)?

Answer key

  1. what the buyer pays
  2. True
  3. False
  4. Loss
  5. False
  6. 180
  7. 13
  8. Loss
  9. selling price
  10. 12
  11. False
  12. selling price
  13. SP more than CP
  14. 308
  15. False
  16. cost price
  17. 17
  18. 1
  19. 14
  20. True
  21. Loss
  22. 12
  23. 25
  24. 234
  25. False
  26. 1
  27. True
  28. Profit
  29. Profit
  30. 17
  31. Loss
  32. 16
  33. 62
  34. 203
  35. selling price
  36. SP less than CP
  37. False
  38. cost price
  39. 7
  40. 8

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