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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 979 · 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.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  2. 2.One paper bookmark costs ₹18 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “money got from a sale” is the selling price. (a) False (b) True
  4. 4.It costs ₹25 to make one potted plant. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  5. 5.It costs ₹40 to make one glass of chai. On the last day Kabir sells it for only ₹32. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.True or false: “what you paid for it” is the cost price. (a) False (b) True
  9. 9.One fruit cup costs ₹12 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.One potted plant costs ₹36 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “cost of making one” is the cost price. (a) False (b) True
  15. 15.One friendship band costs ₹36 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹46 to make one clay diya. On the last day Dev sells it for only ₹45. How much is the loss on one (in ₹)?
  17. 17.It costs ₹28 to make one clay diya. Meera sells it for ₹46. What is the profit on one (in ₹)?
  18. 18.One clay diya costs Arjun ₹53 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One paper bookmark costs Saanvi ₹35 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.It costs ₹16 to make one bag of popcorn. Zoya sells it for ₹21. What is the profit on one (in ₹)?
  22. 22.One handmade card costs Joseph ₹21 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹58 to make one cup of lemonade. On the last day Rohan sells it for only ₹53. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.It costs ₹54 to make one bag of popcorn. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.Kabir makes 24 friendship bands at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  28. 28.It costs ₹19 to make one cup of lemonade. On the last day Ananya sells it for only ₹14. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  30. 30.True or false: “what you paid for it” is the selling price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  32. 32.One cupcake costs Riya ₹40 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One bag of popcorn costs ₹52 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹11 to make one jute bag. Diya sells it for ₹13. What is the profit on one (in ₹)?
  35. 35.It costs ₹30 to make one potted plant. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  36. 36.Kavya makes 26 bags of popcorn at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  37. 37.It costs ₹62 to make one fruit cup. On the last day Diya sells it for only ₹59. How much is the loss on one (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  39. 39.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  40. 40.Ananya makes 30 friendship bands at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?

Answer key

  1. what the buyer pays
  2. 19
  3. True
  4. 12
  5. 8
  6. SP more than CP
  7. cost price
  8. True
  9. 28
  10. what it cost you
  11. True
  12. cost price
  13. 37
  14. True
  15. 46
  16. 1
  17. 18
  18. Loss
  19. Profit
  20. False
  21. 5
  22. Profit
  23. 5
  24. selling price
  25. 6
  26. cost price
  27. 360
  28. 5
  29. selling price
  30. False
  31. cost price
  32. Loss
  33. 62
  34. 2
  35. 10
  36. 104
  37. 3
  38. False
  39. SP less than CP
  40. 120

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