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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 921 · 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.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  2. 2.It costs ₹34 to make one jute bag. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  3. 3.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.It costs ₹19 to make one bag of popcorn. On the last day Ishaan sells it for only ₹15. How much is the loss on one (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  8. 8.It costs ₹55 to make one clay diya. On the last day Ishaan sells it for only ₹48. How much is the loss on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.Gurpreet makes 12 handmade cards at a cost of ₹38 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.It costs ₹18 to make one cup of lemonade. Arjun sells it for ₹36. What is the profit on one (in ₹)?
  12. 12.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
  14. 14.One fruit cup costs Nisha ₹43 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.One friendship band costs Rohan ₹38 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹8 to make one handmade card. Riya sells it for ₹12. What is the profit on one (in ₹)?
  18. 18.Ananya makes 7 bags of popcorn at a cost of ₹34 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.One glass of chai costs Saanvi ₹32 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹54 to make one paper bookmark. On the last day Joseph sells it for only ₹53. How much is the loss on one (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.True or false: “the price on your board” is the selling price. (a) True (b) False
  26. 26.One clay diya costs Tara ₹20 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹50 to make one bag of popcorn. On the last day Riya sells it for only ₹41. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.True or false: “money spent to get it” is the cost price. (a) True (b) False
  31. 31.It costs ₹27 to make one fruit cup. Kavya sells it for ₹47. What is the profit on one (in ₹)?
  32. 32.It costs ₹31 to make one glass of chai. Meera sells it for ₹48. What is the profit on one (in ₹)?
  33. 33.It costs ₹38 to make one potted plant. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  34. 34.One paper bookmark costs Lakshmi ₹42 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Farhan makes 6 fruit cups at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  36. 36.It costs ₹64 to make one glass of chai. On the last day Riya sells it for only ₹54. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.Diya makes 16 friendship bands at a cost of ₹25 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  39. 39.One cupcake costs ₹14 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹30 to make one friendship band. Joseph sells it for ₹43. What is the profit on one (in ₹)?

Answer key

  1. SP more than CP
  2. 1
  3. what the buyer pays
  4. False
  5. 4
  6. True
  7. what it cost you
  8. 7
  9. False
  10. 12
  11. 18
  12. SP less than CP
  13. False
  14. Loss
  15. cost price
  16. Loss
  17. 4
  18. 105
  19. selling price
  20. Profit
  21. 1
  22. False
  23. True
  24. True
  25. True
  26. Profit
  27. 9
  28. cost price
  29. False
  30. True
  31. 20
  32. 17
  33. 4
  34. Loss
  35. 6
  36. 10
  37. cost price
  38. 160
  39. 23
  40. 13

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