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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 947 · 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.One jute bag costs Zoya ₹16 to make and sells for ₹1. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.It costs ₹33 to make one glass of chai. On the last day Kabir sells it for only ₹24. How much is the loss on one (in ₹)?
  5. 5.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  7. 7.One handmade card costs ₹12 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.True or false: “what a customer pays” is the cost price. (a) True (b) False
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.One handmade card costs Kabir ₹60 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.One glass of chai costs Arjun ₹39 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One bag of popcorn costs Vihaan ₹23 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.One jute bag costs ₹16 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹28 to make one jute bag. Kabir sells it for ₹35. What is the profit on one (in ₹)?
  19. 19.One handmade card costs Dev ₹47 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Aarav makes 29 cups of lemonade at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.It costs ₹62 to make one potted plant. On the last day Dev sells it for only ₹59. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.Tara makes 11 paper bookmarks at a cost of ₹37 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  24. 24.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  25. 25.One glass of chai costs Joseph ₹30 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.Rohan makes 26 handmade cards at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.One clay diya costs ₹19 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.It costs ₹39 to make one clay diya. On the last day Aarav sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.Kabir makes 24 potted plants at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  33. 33.It costs ₹7 to make one potted plant. Meera sells it for ₹12. What is the profit on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.Rohan makes 17 clay diyas at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  36. 36.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  37. 37.It costs ₹39 to make one friendship band. Diya sells it for ₹54. What is the profit on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the selling price. (a) True (b) False
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.True or false: “the price you sell at” is the cost price. (a) False (b) True

Answer key

  1. Loss
  2. False
  3. selling price
  4. 9
  5. SP more than CP
  6. what it cost you
  7. 16
  8. False
  9. False
  10. False
  11. cost price
  12. Loss
  13. False
  14. Loss
  15. Loss
  16. cost price
  17. 27
  18. 7
  19. Profit
  20. 116
  21. 3
  22. selling price
  23. 132
  24. SP less than CP
  25. Profit
  26. 104
  27. True
  28. 30
  29. selling price
  30. 9
  31. 72
  32. cost price
  33. 5
  34. True
  35. 34
  36. what the buyer pays
  37. 15
  38. True
  39. cost price
  40. False

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