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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 973 · 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 loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  2. 2.Saanvi makes 9 jute bags at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  3. 3.True or false: “the price on your board” is the cost price. (a) True (b) False
  4. 4.True or false: “money got from a sale” is the selling price. (a) True (b) False
  5. 5.True or false: “what you paid for it” is the cost price. (a) True (b) False
  6. 6.It costs ₹46 to make one cupcake. On the last day Vihaan sells it for only ₹40. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.Farhan makes 7 handmade cards at a cost of ₹22 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  11. 11.Saanvi makes 14 fruit cups at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  12. 12.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  13. 13.One clay diya costs Kabir ₹23 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹25 to make one cupcake. On the last day Kabir sells it for only ₹24. How much is the loss on one (in ₹)?
  15. 15.Aarav makes 16 glasses of chai at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.It costs ₹21 to make one handmade card. Rohan sells it for ₹40. What is the profit on one (in ₹)?
  18. 18.It costs ₹53 to make one handmade card. Meera sells it for ₹57. What is the profit on one (in ₹)?
  19. 19.It costs ₹41 to make one friendship band. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  20. 20.It costs ₹12 to make one glass of chai. Diya sells it for ₹15. What is the profit on one (in ₹)?
  21. 21.One clay diya costs Riya ₹60 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.It costs ₹11 to make one bag of popcorn. Riya sells it for ₹30. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.It costs ₹22 to make one friendship band. Ishaan sells it for ₹24. What is the profit on one (in ₹)?
  26. 26.One clay diya costs ₹15 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹11 to make one glass of chai. Riya sells it for ₹26. What is the profit on one (in ₹)?
  28. 28.It costs ₹12 to make one cup of lemonade. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  29. 29.Ananya makes 24 paper bookmarks at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  30. 30.One paper bookmark costs Arjun ₹37 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Vihaan makes 25 glasses of chai at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  32. 32.It costs ₹21 to make one paper bookmark. Diya sells it for ₹36. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹60 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  34. 34.One handmade card costs ₹42 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  35. 35.Diya makes 17 bags of popcorn at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.One jute bag costs Lakshmi ₹53 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Tara makes 19 glasses of chai at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  39. 39.It costs ₹9 to make one bag of popcorn. Riya sells it for ₹18. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. SP less than CP
  2. 36
  3. False
  4. True
  5. True
  6. 6
  7. what it cost you
  8. SP more than CP
  9. selling price
  10. 77
  11. 42
  12. what the buyer pays
  13. Profit
  14. 1
  15. 80
  16. cost price
  17. 19
  18. 4
  19. 3
  20. 3
  21. Loss
  22. selling price
  23. 19
  24. True
  25. 2
  26. 17
  27. 15
  28. 5
  29. 96
  30. Loss
  31. 300
  32. 15
  33. 71
  34. 51
  35. 34
  36. cost price
  37. Loss
  38. 133
  39. 9
  40. selling price

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