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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 846 · 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.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.One jute bag costs Nisha ₹36 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  5. 5.It costs ₹12 to make one painted pebble. Arjun sells it for ₹30. What is the profit on one (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.It costs ₹39 to make one paper bookmark. Diya sells it for ₹41. What is the profit on one (in ₹)?
  9. 9.It costs ₹28 to make one fruit cup. Saanvi sells it for ₹41. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹24 to make one glass of chai. On the last day Kabir sells it for only ₹22. How much is the loss on one (in ₹)?
  12. 12.It costs ₹6 to make one fruit cup. Vihaan sells it for ₹19. What is the profit on one (in ₹)?
  13. 13.One handmade card costs Zoya ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.True or false: “the price on your board” is the selling price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.True or false: “what a customer pays” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  21. 21.It costs ₹58 to make one handmade card. On the last day Arjun sells it for only ₹49. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.Nisha makes 6 glasses of chai at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  24. 24.It costs ₹26 to make one cupcake. On the last day Zoya sells it for only ₹19. How much is the loss on one (in ₹)?
  25. 25.One fruit cup costs ₹17 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  27. 27.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  28. 28.It costs ₹50 to make one glass of chai. On the last day Zoya sells it for only ₹43. How much is the loss on one (in ₹)?
  29. 29.It costs ₹17 to make one friendship band. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  30. 30.One jute bag costs Farhan ₹58 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One jute bag costs ₹14 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹12 to make one fruit cup. Joseph sells it for ₹25. What is the profit on one (in ₹)?
  33. 33.It costs ₹36 to make one paper bookmark. On the last day Meera sells it for only ₹34. How much is the loss on one (in ₹)?
  34. 34.One bag of popcorn costs ₹15 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.Diya makes 13 handmade cards at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  36. 36.It costs ₹58 to make one fruit cup. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
  37. 37.It costs ₹46 to make one friendship band. On the last day Kabir sells it for only ₹36. How much is the loss on one (in ₹)?
  38. 38.One potted plant costs ₹20 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹14 to make one jute bag. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  40. 40.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always

Answer key

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

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