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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 934 · 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.One paper bookmark costs Kavya ₹31 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.Arjun makes 26 fruit cups at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.Gurpreet makes 24 cups of lemonade at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  7. 7.It costs ₹38 to make one cupcake. Meera sells it for ₹40. What is the profit on one (in ₹)?
  8. 8.It costs ₹36 to make one jute bag. Tara sells it for ₹45. What is the profit on one (in ₹)?
  9. 9.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  10. 10.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  11. 11.It costs ₹22 to make one bag of popcorn. Meera sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.One handmade card costs Riya ₹44 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One friendship band costs Gurpreet ₹57 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹44 to make one handmade card. On the last day Ananya sells it for only ₹41. How much is the loss on one (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  16. 16.It costs ₹69 to make one paper bookmark. On the last day Arjun sells it for only ₹60. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹14 to make one potted plant. Aarav sells it for ₹20. What is the profit on one (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) False (b) True
  21. 21.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  22. 22.It costs ₹21 to make one cup of lemonade. Meera sells it for ₹41. What is the profit on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.It costs ₹42 to make one painted pebble. On the last day Saanvi sells it for only ₹37. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.True or false: “money got from a sale” is the cost price. (a) False (b) True
  27. 27.One jute bag costs Kabir ₹21 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One bag of popcorn costs ₹59 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹36 to make one cup of lemonade. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.True or false: “the price on your board” is the selling price. (a) False (b) True
  32. 32.It costs ₹16 to make one handmade card. On the last day Gurpreet sells it for only ₹15. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.One handmade card costs Arjun ₹34 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹21 to make one cup of lemonade. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.One potted plant costs ₹16 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.True or false: “cost of making one” is the selling price. (a) True (b) False
  40. 40.True or false: “money spent to get it” is the cost price. (a) False (b) True

Answer key

  1. Profit
  2. selling price
  3. 208
  4. cost price
  5. False
  6. 72
  7. 2
  8. 9
  9. what the buyer pays
  10. SP less than CP
  11. 9
  12. Loss
  13. Profit
  14. 3
  15. SP more than CP
  16. 9
  17. cost price
  18. cost price
  19. 6
  20. False
  21. what it cost you
  22. 20
  23. False
  24. 5
  25. selling price
  26. False
  27. Profit
  28. 79
  29. 1
  30. True
  31. True
  32. 1
  33. selling price
  34. cost price
  35. Loss
  36. 1
  37. 25
  38. True
  39. False
  40. True

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