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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 861 · 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.One fruit cup costs Gurpreet ₹52 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One clay diya costs Gurpreet ₹54 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “money spent to get it” is the selling price. (a) True (b) False
  4. 4.Dev makes 9 cupcakes at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  5. 5.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  6. 6.One handmade card costs Zoya ₹55 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  8. 8.One potted plant costs ₹21 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  9. 9.One glass of chai costs Dev ₹16 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹59 to make one painted pebble. On the last day Ishaan sells it for only ₹57. How much is the loss on one (in ₹)?
  11. 11.One cup of lemonade costs Nisha ₹60 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.Ishaan makes 21 cupcakes at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  15. 15.It costs ₹37 to make one paper bookmark. Riya sells it for ₹39. What is the profit on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the cost price. (a) False (b) True
  17. 17.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  18. 18.One clay diya costs Tara ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹13 to make one glass of chai. Rohan sells it for ₹15. What is the profit on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.It costs ₹6 to make one cupcake. Arjun sells it for ₹9. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹35 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.One glass of chai costs Aarav ₹29 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  25. 25.It costs ₹5 to make one handmade card. Tara sells it for ₹22. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  30. 30.It costs ₹20 to make one friendship band. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  31. 31.It costs ₹11 to make one cup of lemonade. Ananya sells it for ₹15. What is the profit on one (in ₹)?
  32. 32.It costs ₹59 to make one bag of popcorn. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
  33. 33.Diya makes 8 glasses of chai at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  34. 34.It costs ₹53 to make one cupcake. Arjun sells it for ₹56. What is the profit on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the cost price. (a) False (b) True
  36. 36.One cupcake costs ₹54 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “money got from a sale” is the selling price. (a) False (b) True
  38. 38.It costs ₹9 to make one jute bag. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  39. 39.It costs ₹11 to make one cupcake. Tara sells it for ₹31. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. Loss
  2. Profit
  3. False
  4. 27
  5. SP more than CP
  6. Loss
  7. what it cost you
  8. 35
  9. Loss
  10. 2
  11. Profit
  12. cost price
  13. 147
  14. SP less than CP
  15. 2
  16. False
  17. what the buyer pays
  18. Loss
  19. 2
  20. False
  21. 3
  22. 55
  23. Profit
  24. False
  25. 17
  26. selling price
  27. True
  28. cost price
  29. selling price
  30. 1
  31. 4
  32. 8
  33. 112
  34. 3
  35. False
  36. 59
  37. True
  38. 4
  39. 20
  40. selling price

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