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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 975 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  2. 2.It costs ₹52 to make one jute bag. Lakshmi sells it for ₹70. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs Gurpreet ₹31 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹17 to make one paper bookmark. On the last day Saanvi sells it for only ₹10. How much is the loss on one (in ₹)?
  5. 5.Rohan makes 9 potted plants at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  6. 6.One cupcake costs Zoya ₹37 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.It costs ₹59 to make one friendship band. Kabir sells it for ₹63. What is the profit on one (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.It costs ₹44 to make one painted pebble. On the last day Ananya sells it for only ₹38. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  15. 15.One cup of lemonade costs Lakshmi ₹29 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.True or false: “money got from a sale” is the cost price. (a) False (b) True
  18. 18.True or false: “cost of making one” is the cost price. (a) False (b) True
  19. 19.It costs ₹52 to make one clay diya. On the last day Gurpreet sells it for only ₹50. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.One cup of lemonade costs Tara ₹30 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
  24. 24.It costs ₹46 to make one bag of popcorn. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.Vihaan makes 7 paper bookmarks at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  29. 29.It costs ₹39 to make one jute bag. On the last day Saanvi sells it for only ₹29. How much is the loss on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the selling price. (a) False (b) True
  31. 31.One cup of lemonade costs Saanvi ₹48 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.Lakshmi makes 30 cups of lemonade at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.One glass of chai costs Saanvi ₹51 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹22 to make one handmade card. On the last day Arjun sells it for only ₹13. How much is the loss on one (in ₹)?
  35. 35.One bag of popcorn costs Zoya ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹43 to make one fruit cup. On the last day Ishaan sells it for only ₹41. How much is the loss on one (in ₹)?
  37. 37.One cup of lemonade costs Dev ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹42 to make one handmade card. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  39. 39.One cupcake costs Nisha ₹16 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.True or false: “the price on your board” is the cost price. (a) False (b) True

Answer key

  1. what it cost you
  2. 18
  3. Profit
  4. 7
  5. 108
  6. Loss
  7. SP less than CP
  8. selling price
  9. selling price
  10. 4
  11. False
  12. selling price
  13. 6
  14. cost price
  15. Profit
  16. cost price
  17. False
  18. True
  19. 2
  20. selling price
  21. False
  22. Loss
  23. False
  24. 4
  25. True
  26. cost price
  27. cost price
  28. 14
  29. 10
  30. False
  31. Profit
  32. 330
  33. Profit
  34. 9
  35. Loss
  36. 2
  37. Loss
  38. 16
  39. Profit
  40. False

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