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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 133 · 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.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  2. 2.It costs ₹12 to make one jute bag. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  3. 3.One paper bookmark costs ₹52 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.One clay diya costs ₹37 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.One paper bookmark costs Gurpreet ₹20 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.One cup of lemonade costs ₹43 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹22 to make one cupcake. Diya sells it for ₹41. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs Farhan ₹56 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.True or false: “the price you sell at” is the selling price. (a) True (b) False
  14. 14.It costs ₹38 to make one handmade card. On the last day Lakshmi sells it for only ₹29. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.It costs ₹30 to make one bag of popcorn. Riya sells it for ₹37. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  19. 19.One cup of lemonade costs ₹20 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹41 to make one painted pebble. Tara sells it for ₹43. What is the profit on one (in ₹)?
  21. 21.It costs ₹40 to make one handmade card. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  22. 22.It costs ₹49 to make one glass of chai. On the last day Tara sells it for only ₹48. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.One painted pebble costs Ishaan ₹28 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Aarav makes 6 cupcakes at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  26. 26.One cup of lemonade costs Farhan ₹20 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One potted plant costs Meera ₹41 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹10 to make one painted pebble. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  29. 29.One handmade card costs Joseph ₹42 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs Ananya ₹21 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.It costs ₹19 to make one fruit cup. Ananya sells it for ₹33. What is the profit on one (in ₹)?
  33. 33.True or false: “the price on your board” is the cost price. (a) True (b) False
  34. 34.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  36. 36.It costs ₹56 to make one friendship band. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹9 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹52 to make one fruit cup. Joseph sells it for ₹68. What is the profit on one (in ₹)?
  39. 39.Lakshmi makes 15 clay diyas at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  40. 40.One cupcake costs ₹19 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. 4
  3. 70
  4. 39
  5. cost price
  6. what the buyer pays
  7. False
  8. selling price
  9. Loss
  10. 51
  11. 19
  12. Profit
  13. True
  14. 9
  15. cost price
  16. True
  17. 7
  18. selling price
  19. 23
  20. 2
  21. 8
  22. 1
  23. selling price
  24. Profit
  25. 18
  26. Profit
  27. Profit
  28. 17
  29. Loss
  30. Loss
  31. False
  32. 14
  33. False
  34. SP more than CP
  35. False
  36. 2
  37. 29
  38. 16
  39. 75
  40. 24

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