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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 803 · 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.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.Ananya makes 23 cups of lemonade at a cost of ₹17 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  7. 7.It costs ₹38 to make one cup of lemonade. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  8. 8.True or false: “what a customer pays” is the selling price. (a) True (b) False
  9. 9.It costs ₹27 to make one jute bag. Joseph sells it for ₹41. What is the profit on one (in ₹)?
  10. 10.Joseph makes 6 potted plants at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  11. 11.One clay diya costs Rohan ₹52 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.Dev makes 23 clay diyas at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  13. 13.Nisha makes 20 glasses of chai at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  14. 14.It costs ₹25 to make one clay diya. Dev sells it for ₹29. What is the profit on one (in ₹)?
  15. 15.Gurpreet makes 28 friendship bands at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  16. 16.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  17. 17.One paper bookmark costs ₹14 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  18. 18.One glass of chai costs Kabir ₹28 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.Kabir makes 6 cups of lemonade at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  20. 20.True or false: “what a customer pays” is the cost price. (a) True (b) False
  21. 21.True or false: “what you paid for it” is the cost price. (a) True (b) False
  22. 22.One painted pebble costs Diya ₹42 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹40 to make one painted pebble. Meera sells it for ₹52. What is the profit on one (in ₹)?
  24. 24.It costs ₹17 to make one cupcake. Arjun sells it for ₹22. What is the profit on one (in ₹)?
  25. 25.Rohan makes 20 clay diyas at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.It costs ₹60 to make one fruit cup. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.One jute bag costs ₹16 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  31. 31.One handmade card costs Ishaan ₹57 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  34. 34.Diya makes 28 cups of lemonade at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  36. 36.One clay diya costs Saanvi ₹26 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹55 to make one fruit cup. On the last day Vihaan sells it for only ₹46. How much is the loss on one (in ₹)?
  38. 38.It costs ₹36 to make one potted plant. Ananya sells it for ₹48. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs Joseph ₹31 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.Dev makes 19 painted pebbles at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. selling price
  3. True
  4. what it cost you
  5. cost price
  6. 207
  7. 4
  8. True
  9. 14
  10. 30
  11. Profit
  12. 92
  13. 80
  14. 4
  15. 420
  16. what the buyer pays
  17. 24
  18. Profit
  19. 66
  20. False
  21. True
  22. Profit
  23. 12
  24. 5
  25. 280
  26. False
  27. selling price
  28. 1
  29. False
  30. 25
  31. Loss
  32. SP more than CP
  33. selling price
  34. 56
  35. False
  36. Loss
  37. 9
  38. 12
  39. Loss
  40. 285

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