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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 802 · 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 paper bookmark costs Joseph ₹21 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.True or false: “what you paid for it” is the cost price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.Lakshmi makes 7 cups of lemonade at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  5. 5.One fruit cup costs Farhan ₹36 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.It costs ₹6 to make one cup of lemonade. Saanvi sells it for ₹26. What is the profit on one (in ₹)?
  9. 9.True or false: “the price you sell at” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.One cup of lemonade costs Zoya ₹16 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “money got from a sale” is the cost price. (a) True (b) False
  13. 13.It costs ₹62 to make one handmade card. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  14. 14.One handmade card costs Ananya ₹29 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.Arjun makes 25 handmade cards at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  18. 18.Ananya makes 25 potted plants at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  22. 22.It costs ₹34 to make one fruit cup. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.Joseph makes 15 painted pebbles at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.Tara makes 30 potted plants at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  29. 29.One fruit cup costs Arjun ₹47 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹45 to make one fruit cup. Diya sells it for ₹52. What is the profit on one (in ₹)?
  31. 31.Meera makes 10 potted plants at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  32. 32.One bag of popcorn costs ₹39 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  33. 33.Diya makes 10 paper bookmarks at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  35. 35.One handmade card costs Zoya ₹49 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “the price you sell at” is the selling price. (a) False (b) True
  37. 37.Kavya makes 27 jute bags at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  38. 38.It costs ₹47 to make one clay diya. On the last day Farhan sells it for only ₹37. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.It costs ₹33 to make one potted plant. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?

Answer key

  1. Loss
  2. True
  3. selling price
  4. 49
  5. Profit
  6. SP more than CP
  7. False
  8. 20
  9. False
  10. cost price
  11. Profit
  12. False
  13. 10
  14. Profit
  15. 125
  16. cost price
  17. SP less than CP
  18. 125
  19. False
  20. False
  21. False
  22. 9
  23. True
  24. selling price
  25. 75
  26. False
  27. 90
  28. cost price
  29. Profit
  30. 7
  31. 140
  32. 41
  33. 130
  34. what it cost you
  35. Loss
  36. True
  37. 351
  38. 10
  39. cost price
  40. 4

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