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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 848 · 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.It costs ₹37 to make one potted plant. On the last day Kavya sells it for only ₹36. How much is the loss on one (in ₹)?
  2. 2.True or false: “the price on your board” is the cost price. (a) False (b) True
  3. 3.Meera makes 28 fruit cups at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  4. 4.It costs ₹32 to make one bag of popcorn. Arjun sells it for ₹37. What is the profit on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the selling price. (a) True (b) False
  6. 6.True or false: “the price on your board” is the selling price. (a) False (b) True
  7. 7.One potted plant costs Farhan ₹24 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  9. 9.It costs ₹48 to make one jute bag. Saanvi sells it for ₹54. What is the profit on one (in ₹)?
  10. 10.Joseph makes 24 painted pebbles at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.Zoya makes 19 clay diyas at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  13. 13.Diya makes 19 glasses of chai at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.Ananya makes 26 painted pebbles at a cost of ₹38 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  16. 16.It costs ₹21 to make one handmade card. On the last day Vihaan sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.One paper bookmark costs ₹6 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.Kabir makes 6 cups of lemonade at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  21. 21.True or false: “cost of making one” is the cost price. (a) True (b) False
  22. 22.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  23. 23.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  24. 24.It costs ₹36 to make one friendship band. On the last day Vihaan sells it for only ₹34. How much is the loss on one (in ₹)?
  25. 25.It costs ₹26 to make one handmade card. On the last day Riya sells it for only ₹22. How much is the loss on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the cost price. (a) False (b) True
  27. 27.True or false: “money got from a sale” is the selling price. (a) True (b) False
  28. 28.One jute bag costs ₹57 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.Gurpreet makes 26 paper bookmarks at a cost of ₹25 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  30. 30.One glass of chai costs Meera ₹58 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹21 to make one friendship band. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  32. 32.True or false: “what a customer pays” is the cost price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.One bag of popcorn costs Tara ₹25 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One potted plant costs Nisha ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “the price you sell at” is the cost price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.One glass of chai costs Meera ₹22 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “the price you sell at” is the selling price. (a) False (b) True
  40. 40.One bag of popcorn costs Gurpreet ₹49 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 1
  2. False
  3. 196
  4. 5
  5. True
  6. True
  7. Loss
  8. what it cost you
  9. 6
  10. 336
  11. selling price
  12. 76
  13. 19
  14. True
  15. 286
  16. 2
  17. False
  18. selling price
  19. 10
  20. 72
  21. True
  22. what the buyer pays
  23. SP more than CP
  24. 2
  25. 4
  26. False
  27. True
  28. 58
  29. 208
  30. Loss
  31. 12
  32. False
  33. cost price
  34. Loss
  35. Profit
  36. False
  37. selling price
  38. Loss
  39. True
  40. Profit

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