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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 907 · 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: what you paid for it? (a) selling price (b) cost price
  2. 2.It costs ₹53 to make one glass of chai. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  3. 3.One potted plant costs ₹28 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  4. 4.One bag of popcorn costs Kavya ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One potted plant costs Saanvi ₹29 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.One handmade card costs Ananya ₹52 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹47 to make one jute bag. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  8. 8.It costs ₹16 to make one paper bookmark. Kavya sells it for ₹26. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs Rohan ₹38 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  13. 13.One handmade card costs Rohan ₹59 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹30 to make one clay diya. Dev sells it for ₹39. What is the profit on one (in ₹)?
  15. 15.It costs ₹9 to make one jute bag. Nisha sells it for ₹13. What is the profit on one (in ₹)?
  16. 16.It costs ₹48 to make one potted plant. Joseph sells it for ₹65. What is the profit on one (in ₹)?
  17. 17.True or false: “what a customer pays” is the selling price. (a) False (b) True
  18. 18.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.It costs ₹49 to make one potted plant. Tara sells it for ₹64. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.One handmade card costs Ishaan ₹55 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.It costs ₹55 to make one bag of popcorn. Vihaan sells it for ₹62. What is the profit on one (in ₹)?
  25. 25.It costs ₹36 to make one potted plant. Nisha sells it for ₹38. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs Rohan ₹34 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “what you paid for it” is the cost price. (a) True (b) False
  28. 28.True or false: “cost of making one” is the cost price. (a) True (b) False
  29. 29.It costs ₹60 to make one glass of chai. On the last day Nisha sells it for only ₹59. How much is the loss on one (in ₹)?
  30. 30.One clay diya costs ₹14 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  32. 32.One potted plant costs ₹31 to make. Nisha wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹5 to make one jute bag. Ananya sells it for ₹23. What is the profit on one (in ₹)?
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  36. 36.It costs ₹15 to make one cup of lemonade. Zoya sells it for ₹17. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹42 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.One handmade card costs Farhan ₹44 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “the price on your board” is the selling price. (a) False (b) True
  40. 40.It costs ₹22 to make one jute bag. Riya sells it for ₹37. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 7
  3. 31
  4. Loss
  5. Profit
  6. Profit
  7. 18
  8. 10
  9. Loss
  10. SP less than CP
  11. selling price
  12. what it cost you
  13. Profit
  14. 9
  15. 4
  16. 17
  17. True
  18. SP more than CP
  19. False
  20. 15
  21. cost price
  22. Loss
  23. False
  24. 7
  25. 2
  26. Loss
  27. True
  28. True
  29. 1
  30. 21
  31. what the buyer pays
  32. 45
  33. 18
  34. False
  35. selling price
  36. 2
  37. 52
  38. Loss
  39. True
  40. 15

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