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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 793 · 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.One glass of chai costs Meera ₹18 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹22 to make one cup of lemonade. On the last day Dev sells it for only ₹16. How much is the loss on one (in ₹)?
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  4. 4.It costs ₹10 to make one cup of lemonade. Tara sells it for ₹29. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs Kabir ₹22 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.It costs ₹65 to make one clay diya. On the last day Dev sells it for only ₹58. How much is the loss on one (in ₹)?
  8. 8.Diya makes 9 cups of lemonade at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  9. 9.It costs ₹30 to make one potted plant. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.It costs ₹11 to make one cup of lemonade. Kabir sells it for ₹17. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.Kavya makes 5 glasses of chai at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  15. 15.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  16. 16.It costs ₹32 to make one fruit cup. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  17. 17.Tara makes 20 paper bookmarks at a cost of ₹22 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  18. 18.One bag of popcorn costs ₹22 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.Diya makes 13 paper bookmarks at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  20. 20.It costs ₹36 to make one glass of chai. Gurpreet sells it for ₹43. What is the profit on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.It costs ₹32 to make one paper bookmark. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
  25. 25.One friendship band costs ₹37 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹38 to make one potted plant. On the last day Meera sells it for only ₹35. How much is the loss on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the selling price. (a) False (b) True
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.One jute bag costs Joseph ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  31. 31.It costs ₹19 to make one handmade card. On the last day Gurpreet sells it for only ₹9. How much is the loss on one (in ₹)?
  32. 32.It costs ₹19 to make one jute bag. Riya sells it for ₹31. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹5 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  34. 34.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  35. 35.It costs ₹56 to make one potted plant. On the last day Tara sells it for only ₹53. How much is the loss on one (in ₹)?
  36. 36.True or false: “the price on your board” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.It costs ₹13 to make one cup of lemonade. Meera sells it for ₹21. What is the profit on one (in ₹)?
  40. 40.It costs ₹17 to make one paper bookmark. On the last day Dev sells it for only ₹10. How much is the loss on one (in ₹)?

Answer key

  1. Loss
  2. 6
  3. SP more than CP
  4. 19
  5. Profit
  6. cost price
  7. 7
  8. 99
  9. 5
  10. True
  11. 6
  12. selling price
  13. 30
  14. SP less than CP
  15. what it cost you
  16. 5
  17. 160
  18. 28
  19. 26
  20. 7
  21. True
  22. 1
  23. True
  24. False
  25. 47
  26. 3
  27. True
  28. True
  29. Loss
  30. cost price
  31. 10
  32. 12
  33. 19
  34. what the buyer pays
  35. 3
  36. True
  37. cost price
  38. True
  39. 8
  40. 7

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