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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 842 · 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) always (c) SP less than CP (d) SP equal to CP
  2. 2.One cup of lemonade costs Ananya ₹59 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “what you paid for it” is the cost price. (a) True (b) False
  4. 4.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  5. 5.One paper bookmark costs Kabir ₹19 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.It costs ₹49 to make one handmade card. On the last day Nisha sells it for only ₹45. How much is the loss on one (in ₹)?
  8. 8.Saanvi makes 18 handmade cards at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  9. 9.True or false: “what a customer pays” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  11. 11.One friendship band costs Saanvi ₹21 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One jute bag costs ₹21 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.It costs ₹34 to make one cupcake. Saanvi sells it for ₹47. What is the profit on one (in ₹)?
  15. 15.Joseph makes 24 jute bags at a cost of ₹21 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.One cup of lemonade costs ₹7 to make. Arjun wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  20. 20.One clay diya costs ₹23 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.True or false: “cost of making one” is the cost price. (a) True (b) False
  23. 23.It costs ₹51 to make one friendship band. On the last day Ishaan sells it for only ₹50. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  27. 27.One glass of chai costs Aarav ₹52 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹23 to make one glass of chai. On the last day Meera sells it for only ₹13. How much is the loss on one (in ₹)?
  29. 29.It costs ₹59 to make one painted pebble. Aarav sells it for ₹70. What is the profit on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) True (b) False
  31. 31.It costs ₹42 to make one cup of lemonade. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  32. 32.Lakshmi makes 26 friendship bands at a cost of ₹28 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  33. 33.Saanvi makes 19 friendship bands at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.One jute bag costs ₹13 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.One friendship band costs ₹33 to make. Nisha wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹16 to make one painted pebble. On the last day Dev sells it for only ₹7. How much is the loss on one (in ₹)?
  37. 37.It costs ₹22 to make one jute bag. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  38. 38.It costs ₹32 to make one bag of popcorn. Riya sells it for ₹40. What is the profit on one (in ₹)?
  39. 39.It costs ₹21 to make one cupcake. On the last day Aarav sells it for only ₹16. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs Rohan ₹44 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP less than CP
  2. Loss
  3. True
  4. what the buyer pays
  5. Loss
  6. cost price
  7. 4
  8. 108
  9. False
  10. selling price
  11. Loss
  12. 41
  13. True
  14. 13
  15. 24
  16. False
  17. selling price
  18. cost price
  19. 21
  20. 26
  21. selling price
  22. True
  23. 1
  24. what it cost you
  25. cost price
  26. selling price
  27. Profit
  28. 10
  29. 11
  30. True
  31. 18
  32. 286
  33. 133
  34. 24
  35. 47
  36. 9
  37. 6
  38. 8
  39. 5
  40. Profit

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