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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 951 · 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 Rohan ₹52 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.One paper bookmark costs Gurpreet ₹43 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One glass of chai costs ₹11 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  5. 5.One fruit cup costs Riya ₹27 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.It costs ₹16 to make one clay diya. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
  7. 7.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.It costs ₹46 to make one handmade card. Dev sells it for ₹57. What is the profit on one (in ₹)?
  10. 10.Rohan makes 9 handmade cards at a cost of ₹18 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.True or false: “the price you sell at” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  14. 14.It costs ₹22 to make one friendship band. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  16. 16.One bag of popcorn costs ₹45 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  17. 17.One friendship band costs Dev ₹54 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  19. 19.Tara makes 9 bags of popcorn at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  20. 20.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  21. 21.It costs ₹23 to make one fruit cup. Dev sells it for ₹34. What is the profit on one (in ₹)?
  22. 22.It costs ₹44 to make one painted pebble. Joseph sells it for ₹59. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.One fruit cup costs Farhan ₹59 to make and sells for ₹74. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹28 to make one bag of popcorn. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs Dev ₹20 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “money spent to get it” is the cost price. (a) False (b) True
  28. 28.One fruit cup costs Vihaan ₹33 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹14 to make one handmade card. On the last day Rohan sells it for only ₹13. How much is the loss on one (in ₹)?
  30. 30.One painted pebble costs Gurpreet ₹42 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Rohan makes 13 cups of lemonade at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  32. 32.One painted pebble costs Joseph ₹21 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One handmade card costs Vihaan ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  35. 35.It costs ₹33 to make one friendship band. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.It costs ₹10 to make one handmade card. Rohan sells it for ₹14. What is the profit on one (in ₹)?
  38. 38.It costs ₹14 to make one painted pebble. Aarav sells it for ₹16. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹60 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. Profit
  2. False
  3. Loss
  4. 29
  5. Profit
  6. 2
  7. what the buyer pays
  8. selling price
  9. 11
  10. 72
  11. selling price
  12. False
  13. what it cost you
  14. 15
  15. SP more than CP
  16. 58
  17. Profit
  18. cost price
  19. 36
  20. SP less than CP
  21. 11
  22. 15
  23. cost price
  24. Profit
  25. 1
  26. Loss
  27. True
  28. Loss
  29. 1
  30. Loss
  31. 104
  32. Profit
  33. Loss
  34. selling price
  35. 3
  36. selling price
  37. 4
  38. 2
  39. 79
  40. True

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