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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 919 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.True or false: “the price you sell at” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  4. 4.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  5. 5.It costs ₹49 to make one jute bag. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  6. 6.It costs ₹17 to make one cup of lemonade. Ananya sells it for ₹34. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹30 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “cost of making one” is the cost price. (a) True (b) False
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.It costs ₹13 to make one cup of lemonade. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.One glass of chai costs Diya ₹55 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹21 to make one bag of popcorn. On the last day Dev sells it for only ₹18. How much is the loss on one (in ₹)?
  15. 15.It costs ₹32 to make one handmade card. Meera sells it for ₹34. What is the profit on one (in ₹)?
  16. 16.It costs ₹43 to make one clay diya. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  17. 17.Meera makes 8 paper bookmarks at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  18. 18.It costs ₹17 to make one cup of lemonade. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.One jute bag costs Farhan ₹48 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Riya makes 11 clay diyas at a cost of ₹20 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  21. 21.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  24. 24.True or false: “money spent to get it” is the selling price. (a) True (b) False
  25. 25.It costs ₹35 to make one painted pebble. On the last day Riya sells it for only ₹29. How much is the loss on one (in ₹)?
  26. 26.Kavya makes 8 bags of popcorn at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  27. 27.It costs ₹20 to make one cup of lemonade. On the last day Saanvi sells it for only ₹12. How much is the loss on one (in ₹)?
  28. 28.One handmade card costs Meera ₹26 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.True or false: “money spent to get it” is the cost price. (a) True (b) False
  31. 31.One bag of popcorn costs ₹45 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  32. 32.One bag of popcorn costs Vihaan ₹36 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One cup of lemonade costs ₹39 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  34. 34.Farhan makes 18 cups of lemonade at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) True (b) False
  36. 36.Lakshmi makes 27 paper bookmarks at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  37. 37.It costs ₹37 to make one jute bag. Meera sells it for ₹51. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.It costs ₹35 to make one handmade card. Kabir sells it for ₹45. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. False
  3. what it cost you
  4. SP less than CP
  5. 9
  6. 17
  7. 38
  8. True
  9. False
  10. True
  11. 16
  12. cost price
  13. Loss
  14. 3
  15. 2
  16. 10
  17. 120
  18. 14
  19. Profit
  20. 11
  21. what the buyer pays
  22. cost price
  23. SP more than CP
  24. False
  25. 6
  26. 96
  27. 8
  28. Profit
  29. cost price
  30. True
  31. 50
  32. Loss
  33. 45
  34. 72
  35. False
  36. 297
  37. 14
  38. selling price
  39. cost price
  40. 10

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