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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 800 · 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.It costs ₹26 to make one glass of chai. On the last day Rohan sells it for only ₹24. How much is the loss on one (in ₹)?
  2. 2.True or false: “money got from a sale” is the selling price. (a) False (b) True
  3. 3.It costs ₹7 to make one cup of lemonade. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  4. 4.Joseph makes 20 fruit cups at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  5. 5.It costs ₹36 to make one fruit cup. On the last day Rohan sells it for only ₹34. How much is the loss on one (in ₹)?
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.It costs ₹6 to make one cupcake. Arjun sells it for ₹15. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.One jute bag costs Arjun ₹50 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.It costs ₹38 to make one painted pebble. On the last day Zoya sells it for only ₹37. How much is the loss on one (in ₹)?
  16. 16.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  17. 17.It costs ₹17 to make one bag of popcorn. Ishaan sells it for ₹25. What is the profit on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.It costs ₹38 to make one clay diya. On the last day Meera sells it for only ₹35. How much is the loss on one (in ₹)?
  20. 20.One painted pebble costs Saanvi ₹28 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹60 to make one friendship band. Dev sells it for ₹73. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs Farhan ₹48 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “what a customer pays” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  25. 25.One painted pebble costs Rohan ₹57 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹44 to make one glass of chai. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  27. 27.It costs ₹10 to make one painted pebble. Kabir sells it for ₹30. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  29. 29.One glass of chai costs Arjun ₹41 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹47 to make one friendship band. On the last day Tara sells it for only ₹43. How much is the loss on one (in ₹)?
  31. 31.It costs ₹12 to make one glass of chai. Dev sells it for ₹15. What is the profit on one (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.It costs ₹41 to make one clay diya. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  36. 36.It costs ₹18 to make one friendship band. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  37. 37.One bag of popcorn costs Diya ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “cost of making one” is the cost price. (a) True (b) False
  39. 39.Gurpreet makes 7 jute bags at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  40. 40.It costs ₹26 to make one glass of chai. On the last day Dev sells it for only ₹22. How much is the loss on one (in ₹)?

Answer key

  1. 2
  2. True
  3. 15
  4. 40
  5. 2
  6. SP less than CP
  7. True
  8. SP more than CP
  9. selling price
  10. 9
  11. cost price
  12. True
  13. Loss
  14. cost price
  15. 1
  16. what the buyer pays
  17. 8
  18. True
  19. 3
  20. Profit
  21. 13
  22. Loss
  23. True
  24. what it cost you
  25. Loss
  26. 9
  27. 20
  28. cost price
  29. Profit
  30. 4
  31. 3
  32. False
  33. selling price
  34. cost price
  35. 10
  36. 4
  37. Loss
  38. True
  39. 84
  40. 4

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