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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 788 · 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.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.It costs ₹35 to make one fruit cup. On the last day Nisha sells it for only ₹34. How much is the loss on one (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.One bag of popcorn costs Kavya ₹27 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.One potted plant costs Meera ₹21 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.It costs ₹60 to make one cupcake. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  10. 10.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.It costs ₹55 to make one glass of chai. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
  13. 13.Kavya makes 28 painted pebbles at a cost of ₹23 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  14. 14.It costs ₹26 to make one cup of lemonade. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  19. 19.It costs ₹26 to make one glass of chai. Meera sells it for ₹32. What is the profit on one (in ₹)?
  20. 20.One handmade card costs Gurpreet ₹18 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.It costs ₹46 to make one cup of lemonade. On the last day Meera sells it for only ₹45. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.It costs ₹28 to make one potted plant. On the last day Lakshmi sells it for only ₹20. How much is the loss on one (in ₹)?
  26. 26.One clay diya costs Meera ₹39 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  28. 28.It costs ₹16 to make one jute bag. On the last day Kavya sells it for only ₹8. How much is the loss on one (in ₹)?
  29. 29.One potted plant costs Ananya ₹35 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One clay diya costs Rohan ₹54 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Saanvi makes 10 cupcakes at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  32. 32.It costs ₹51 to make one potted plant. On the last day Kabir sells it for only ₹44. How much is the loss on one (in ₹)?
  33. 33.True or false: “money got from a sale” is the selling price. (a) True (b) False
  34. 34.One glass of chai costs ₹53 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹19 to make one handmade card. Gurpreet sells it for ₹39. What is the profit on one (in ₹)?
  36. 36.True or false: “money spent to get it” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  38. 38.One friendship band costs Kabir ₹27 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.Riya makes 22 jute bags at a cost of ₹7 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  40. 40.Saanvi makes 12 fruit cups at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. False
  3. 1
  4. False
  5. Loss
  6. True
  7. cost price
  8. Profit
  9. 8
  10. what the buyer pays
  11. False
  12. 1
  13. 280
  14. 7
  15. True
  16. selling price
  17. selling price
  18. SP less than CP
  19. 6
  20. Loss
  21. cost price
  22. 1
  23. cost price
  24. False
  25. 8
  26. Loss
  27. SP more than CP
  28. 8
  29. Loss
  30. Loss
  31. 90
  32. 7
  33. True
  34. 72
  35. 20
  36. False
  37. selling price
  38. Loss
  39. 330
  40. 144

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