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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 882 · 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.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  4. 4.Kavya makes 8 clay diyas at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  5. 5.True or false: “cost of making one” is the cost price. (a) False (b) True
  6. 6.One clay diya costs ₹54 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  7. 7.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  12. 12.True or false: “what a customer pays” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.Tara makes 25 glasses of chai at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  15. 15.One bag of popcorn costs Rohan ₹60 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.It costs ₹32 to make one painted pebble. Vihaan sells it for ₹34. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs Joseph ₹24 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “what a customer pays” is the cost price. (a) True (b) False
  20. 20.It costs ₹35 to make one handmade card. Saanvi sells it for ₹41. What is the profit on one (in ₹)?
  21. 21.It costs ₹45 to make one fruit cup. Lakshmi sells it for ₹49. What is the profit on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.One cupcake costs Ananya ₹32 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.It costs ₹41 to make one bag of popcorn. Meera sells it for ₹60. What is the profit on one (in ₹)?
  26. 26.It costs ₹8 to make one handmade card. Zoya sells it for ₹12. What is the profit on one (in ₹)?
  27. 27.It costs ₹19 to make one glass of chai. Ananya sells it for ₹22. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹36 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.One friendship band costs ₹55 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.One painted pebble costs ₹27 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹47 to make one friendship band. Gurpreet sells it for ₹49. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs Diya ₹21 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “what you paid for it” is the cost price. (a) True (b) False
  34. 34.It costs ₹32 to make one clay diya. On the last day Arjun sells it for only ₹28. How much is the loss on one (in ₹)?
  35. 35.One fruit cup costs Arjun ₹44 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  37. 37.True or false: “money got from a sale” is the selling price. (a) True (b) False
  38. 38.One clay diya costs Zoya ₹35 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹33 to make one jute bag. On the last day Aarav sells it for only ₹23. How much is the loss on one (in ₹)?
  40. 40.It costs ₹54 to make one clay diya. On the last day Meera sells it for only ₹48. How much is the loss on one (in ₹)?

Answer key

  1. SP less than CP
  2. False
  3. what the buyer pays
  4. 48
  5. True
  6. 56
  7. SP more than CP
  8. cost price
  9. selling price
  10. selling price
  11. what it cost you
  12. True
  13. cost price
  14. 75
  15. Loss
  16. cost price
  17. 2
  18. Profit
  19. False
  20. 6
  21. 4
  22. False
  23. Loss
  24. selling price
  25. 19
  26. 4
  27. 3
  28. 46
  29. 67
  30. 29
  31. 2
  32. Loss
  33. True
  34. 4
  35. Loss
  36. selling price
  37. True
  38. Profit
  39. 10
  40. 6

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