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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 998 · 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.

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  1. 1.Diya makes 12 paper bookmarks at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  2. 2.True or false: “the price you sell at” is the cost price. (a) True (b) False
  3. 3.It costs ₹25 to make one potted plant. Rohan sells it for ₹28. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.One handmade card costs Arjun ₹33 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One paper bookmark costs Riya ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One friendship band costs ₹18 to make. Tara wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹39 to make one glass of chai. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  10. 10.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  11. 11.One jute bag costs Kabir ₹24 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  13. 13.One glass of chai costs ₹30 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.It costs ₹49 to make one bag of popcorn. Gurpreet sells it for ₹50. What is the profit on one (in ₹)?
  16. 16.It costs ₹40 to make one cup of lemonade. Zoya sells it for ₹41. What is the profit on one (in ₹)?
  17. 17.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.One painted pebble costs Kabir ₹37 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹19 to make one paper bookmark. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?
  21. 21.One bag of popcorn costs ₹5 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.It costs ₹38 to make one painted pebble. On the last day Lakshmi sells it for only ₹31. How much is the loss on one (in ₹)?
  24. 24.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  25. 25.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  26. 26.Ishaan makes 6 fruit cups at a cost of ₹10 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.Dev makes 8 friendship bands at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.One cupcake costs Arjun ₹47 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Aarav makes 11 jute bags at a cost of ₹37 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.True or false: “money spent to get it” is the cost price. (a) True (b) False
  35. 35.It costs ₹21 to make one jute bag. On the last day Vihaan sells it for only ₹16. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.One paper bookmark costs ₹9 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.Kabir makes 10 glasses of chai at a cost of ₹28 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. 48
  2. False
  3. 3
  4. cost price
  5. cost price
  6. Loss
  7. Loss
  8. 37
  9. 6
  10. what the buyer pays
  11. Loss
  12. False
  13. 33
  14. selling price
  15. 1
  16. 1
  17. SP more than CP
  18. selling price
  19. Loss
  20. 2
  21. 6
  22. True
  23. 7
  24. SP less than CP
  25. what it cost you
  26. 36
  27. False
  28. 40
  29. cost price
  30. Loss
  31. 99
  32. True
  33. False
  34. True
  35. 5
  36. selling price
  37. 26
  38. False
  39. 50
  40. False

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