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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 792 · 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.One friendship band costs Kabir ₹21 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.It costs ₹64 to make one paper bookmark. On the last day Aarav sells it for only ₹56. How much is the loss on one (in ₹)?
  3. 3.It costs ₹33 to make one friendship band. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.One glass of chai costs Vihaan ₹52 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One glass of chai costs ₹46 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  7. 7.Zoya makes 26 painted pebbles at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  8. 8.It costs ₹41 to make one cupcake. Rohan sells it for ₹45. What is the profit on one (in ₹)?
  9. 9.It costs ₹43 to make one bag of popcorn. Lakshmi sells it for ₹60. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.It costs ₹16 to make one friendship band. On the last day Arjun sells it for only ₹12. How much is the loss on one (in ₹)?
  12. 12.One handmade card costs Joseph ₹28 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  14. 14.One potted plant costs Saanvi ₹32 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “money got from a sale” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.One cupcake costs ₹51 to make. Aarav wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹31 to make one jute bag. On the last day Dev sells it for only ₹28. How much is the loss on one (in ₹)?
  20. 20.One paper bookmark costs Diya ₹26 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  22. 22.One clay diya costs ₹22 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.True or false: “cost of making one” is the selling price. (a) True (b) False
  25. 25.One bag of popcorn costs ₹10 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  26. 26.One clay diya costs ₹50 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money spent to get it” is the selling price. (a) True (b) False
  28. 28.Ishaan makes 30 fruit cups at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  29. 29.It costs ₹30 to make one fruit cup. On the last day Rohan sells it for only ₹27. How much is the loss on one (in ₹)?
  30. 30.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.It costs ₹52 to make one handmade card. Kavya sells it for ₹62. What is the profit on one (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) False (b) True
  34. 34.It costs ₹6 to make one handmade card. Riya sells it for ₹15. What is the profit on one (in ₹)?
  35. 35.It costs ₹12 to make one paper bookmark. Zoya sells it for ₹28. What is the profit on one (in ₹)?
  36. 36.It costs ₹21 to make one jute bag. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) False (b) True
  38. 38.It costs ₹46 to make one painted pebble. Kavya sells it for ₹59. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.It costs ₹60 to make one bag of popcorn. Kavya sells it for ₹63. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. 8
  3. 8
  4. cost price
  5. Loss
  6. 56
  7. 390
  8. 4
  9. 17
  10. selling price
  11. 4
  12. Loss
  13. SP less than CP
  14. Profit
  15. True
  16. selling price
  17. cost price
  18. 71
  19. 3
  20. Loss
  21. what it cost you
  22. 35
  23. True
  24. False
  25. 24
  26. 55
  27. False
  28. 240
  29. 3
  30. SP more than CP
  31. cost price
  32. 10
  33. True
  34. 9
  35. 16
  36. 20
  37. False
  38. 13
  39. False
  40. 3

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