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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 995 · 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) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  2. 2.It costs ₹42 to make one fruit cup. On the last day Saanvi sells it for only ₹32. How much is the loss on one (in ₹)?
  3. 3.One glass of chai costs ₹28 to make. Ananya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  4. 4.Saanvi makes 29 paper bookmarks at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  5. 5.True or false: “money spent to get it” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  9. 9.It costs ₹16 to make one handmade card. Kabir sells it for ₹22. What is the profit on one (in ₹)?
  10. 10.Diya makes 25 potted plants at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  11. 11.One painted pebble costs Riya ₹16 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.It costs ₹36 to make one glass of chai. Meera sells it for ₹42. What is the profit on one (in ₹)?
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.It costs ₹24 to make one jute bag. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.Kavya makes 23 fruit cups at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  19. 19.It costs ₹13 to make one friendship band. Zoya sells it for ₹15. What is the profit on one (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) False (b) True
  21. 21.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.One cup of lemonade costs ₹24 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.One jute bag costs ₹10 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.One paper bookmark costs Dev ₹23 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One bag of popcorn costs ₹36 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) True (b) False
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.One cup of lemonade costs Kabir ₹53 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One glass of chai costs Ananya ₹25 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Arjun makes 24 potted plants at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  36. 36.One friendship band costs ₹27 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹51 to make one fruit cup. Ananya sells it for ₹65. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹52 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  40. 40.One jute bag costs Meera ₹40 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP less than CP
  2. 10
  3. 39
  4. 87
  5. True
  6. cost price
  7. False
  8. True
  9. 6
  10. 200
  11. Profit
  12. True
  13. cost price
  14. 6
  15. True
  16. 5
  17. cost price
  18. 322
  19. 2
  20. True
  21. SP more than CP
  22. False
  23. 43
  24. selling price
  25. selling price
  26. 15
  27. Loss
  28. 37
  29. False
  30. True
  31. False
  32. selling price
  33. Profit
  34. Loss
  35. 72
  36. 29
  37. 14
  38. 69
  39. cost price
  40. Loss

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