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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 949 · 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.It costs ₹61 to make one handmade card. On the last day Zoya sells it for only ₹52. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.It costs ₹16 to make one jute bag. Dev sells it for ₹33. What is the profit on one (in ₹)?
  4. 4.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.It costs ₹42 to make one paper bookmark. Ishaan sells it for ₹51. What is the profit on one (in ₹)?
  7. 7.It costs ₹53 to make one jute bag. Tara sells it for ₹59. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  11. 11.One jute bag costs Rohan ₹31 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.It costs ₹10 to make one glass of chai. On the last day Arjun sells it for only ₹7. How much is the loss on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.One cup of lemonade costs ₹13 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  17. 17.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  18. 18.One cupcake costs Tara ₹50 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.Ishaan makes 24 glasses of chai at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.It costs ₹55 to make one bag of popcorn. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  22. 22.It costs ₹34 to make one jute bag. Joseph sells it for ₹47. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs Riya ₹58 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  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 cost price. (a) True (b) False
  26. 26.It costs ₹11 to make one painted pebble. Tara sells it for ₹18. What is the profit on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) True (b) False
  28. 28.It costs ₹11 to make one paper bookmark. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs Rohan ₹48 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹63 to make one bag of popcorn. On the last day Arjun sells it for only ₹54. How much is the loss on one (in ₹)?
  31. 31.One painted pebble costs ₹47 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.One friendship band costs Gurpreet ₹37 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One glass of chai costs ₹22 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹27 to make one potted plant. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs Gurpreet ₹44 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.It costs ₹27 to make one bag of popcorn. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  38. 38.One handmade card costs Rohan ₹32 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “cost of making one” is the selling price. (a) True (b) False
  40. 40.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP

Answer key

  1. 9
  2. cost price
  3. 17
  4. what the buyer pays
  5. cost price
  6. 9
  7. 6
  8. cost price
  9. True
  10. SP less than CP
  11. Loss
  12. 3
  13. True
  14. selling price
  15. 28
  16. selling price
  17. what it cost you
  18. Loss
  19. 48
  20. cost price
  21. 6
  22. 13
  23. Loss
  24. True
  25. False
  26. 7
  27. False
  28. 19
  29. Profit
  30. 9
  31. 58
  32. Loss
  33. 38
  34. 7
  35. Loss
  36. selling price
  37. 13
  38. Loss
  39. False
  40. SP more than CP

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