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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 83 · 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 glass of chai costs Gurpreet ₹36 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  6. 6.It costs ₹31 to make one bag of popcorn. Farhan sells it for ₹49. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹51 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  8. 8.One glass of chai costs Ishaan ₹18 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.Meera makes 30 friendship bands at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) True (b) False
  12. 12.It costs ₹45 to make one paper bookmark. On the last day Riya sells it for only ₹36. How much is the loss on one (in ₹)?
  13. 13.It costs ₹64 to make one cup of lemonade. On the last day Saanvi sells it for only ₹58. How much is the loss on one (in ₹)?
  14. 14.It costs ₹45 to make one jute bag. Vihaan sells it for ₹50. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs Arjun ₹52 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.One bag of popcorn costs Gurpreet ₹29 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹19 to make one painted pebble. Ananya sells it for ₹26. What is the profit on one (in ₹)?
  19. 19.It costs ₹24 to make one bag of popcorn. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  20. 20.One handmade card costs ₹17 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  23. 23.One jute bag costs ₹13 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.Diya makes 16 jute bags at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.It costs ₹21 to make one handmade card. Meera sells it for ₹29. What is the profit on one (in ₹)?
  29. 29.Zoya makes 16 clay diyas at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  30. 30.It costs ₹46 to make one handmade card. Saanvi sells it for ₹50. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.True or false: “money spent to get it” is the cost price. (a) False (b) True
  34. 34.One painted pebble costs Joseph ₹30 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “money got from a sale” is the cost price. (a) True (b) False
  36. 36.One glass of chai costs Saanvi ₹40 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹31 to make one cupcake. Tara sells it for ₹40. What is the profit on one (in ₹)?
  38. 38.It costs ₹21 to make one handmade card. Zoya sells it for ₹25. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.It costs ₹47 to make one glass of chai. Diya sells it for ₹57. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. what the buyer pays
  3. selling price
  4. SP more than CP
  5. SP less than CP
  6. 18
  7. 68
  8. Loss
  9. True
  10. 450
  11. False
  12. 9
  13. 6
  14. 5
  15. Profit
  16. False
  17. Profit
  18. 7
  19. 5
  20. 19
  21. cost price
  22. what it cost you
  23. 14
  24. True
  25. selling price
  26. 128
  27. cost price
  28. 8
  29. 32
  30. 4
  31. selling price
  32. True
  33. True
  34. Loss
  35. False
  36. Loss
  37. 9
  38. 4
  39. selling price
  40. 10

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