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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 12 · 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.It costs ₹25 to make one handmade card. Diya sells it for ₹36. What is the profit on one (in ₹)?
  2. 2.True or false: “money got from a sale” is the cost price. (a) True (b) False
  3. 3.True or false: “money spent to get it” is the selling price. (a) True (b) False
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  9. 9.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  10. 10.One clay diya costs Vihaan ₹53 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.It costs ₹50 to make one glass of chai. Ananya sells it for ₹59. What is the profit on one (in ₹)?
  13. 13.It costs ₹28 to make one clay diya. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.Zoya makes 16 cupcakes at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.One cupcake costs ₹6 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  18. 18.One handmade card costs ₹57 to make. Dev wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.One cupcake costs ₹26 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  20. 20.One handmade card costs ₹59 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “what a customer pays” is the selling price. (a) False (b) True
  22. 22.It costs ₹35 to make one potted plant. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  23. 23.It costs ₹40 to make one cupcake. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.One handmade card costs Arjun ₹41 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  27. 27.One painted pebble costs Lakshmi ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹40 to make one potted plant. Kavya sells it for ₹48. What is the profit on one (in ₹)?
  29. 29.One jute bag costs Zoya ₹24 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Diya makes 23 handmade cards at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  31. 31.It costs ₹56 to make one potted plant. Meera sells it for ₹61. What is the profit on one (in ₹)?
  32. 32.True or false: “money spent to get it” is the cost price. (a) False (b) True
  33. 33.One jute bag costs ₹12 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹15 to make one bag of popcorn. Nisha sells it for ₹26. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.True or false: “the price you sell at” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.One bag of popcorn costs Tara ₹47 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One handmade card costs ₹10 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?

Answer key

  1. 11
  2. False
  3. False
  4. SP more than CP
  5. cost price
  6. True
  7. False
  8. what the buyer pays
  9. what it cost you
  10. Loss
  11. False
  12. 9
  13. 9
  14. cost price
  15. 224
  16. cost price
  17. 20
  18. 73
  19. 36
  20. 60
  21. True
  22. 10
  23. 7
  24. False
  25. Loss
  26. SP less than CP
  27. Loss
  28. 8
  29. Loss
  30. 23
  31. 5
  32. True
  33. 14
  34. 11
  35. cost price
  36. True
  37. selling price
  38. True
  39. Profit
  40. 19

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