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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 136 · 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 more than CP (b) always (c) SP equal to CP (d) SP less than CP
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.One clay diya costs ₹43 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “the price on your board” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  6. 6.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  7. 7.Gurpreet makes 10 friendship bands at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  8. 8.One handmade card costs Zoya ₹56 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One handmade card costs ₹33 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  10. 10.One clay diya costs ₹44 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹58 to make one handmade card. Nisha sells it for ₹75. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  14. 14.One clay diya costs ₹30 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹12 to make one paper bookmark. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  16. 16.True or false: “the price you sell at” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.Vihaan makes 21 painted pebbles at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.It costs ₹15 to make one cup of lemonade. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  22. 22.One glass of chai costs Gurpreet ₹25 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One jute bag costs Gurpreet ₹27 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “what a customer pays” is the cost price. (a) True (b) False
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.One handmade card costs Diya ₹28 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  28. 28.One painted pebble costs Nisha ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One fruit cup costs Meera ₹51 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Joseph makes 15 painted pebbles at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  33. 33.It costs ₹66 to make one cup of lemonade. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  34. 34.It costs ₹45 to make one glass of chai. On the last day Tara sells it for only ₹43. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs ₹21 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹20 to make one cupcake. On the last day Arjun sells it for only ₹15. How much is the loss on one (in ₹)?
  37. 37.One painted pebble costs Diya ₹38 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One fruit cup costs ₹51 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.Arjun makes 27 glasses of chai at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.Meera makes 10 bags of popcorn at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. selling price
  3. 59
  4. True
  5. what it cost you
  6. what the buyer pays
  7. 120
  8. Loss
  9. 34
  10. 55
  11. 17
  12. cost price
  13. SP more than CP
  14. 43
  15. 9
  16. False
  17. cost price
  18. cost price
  19. 210
  20. True
  21. 8
  22. Profit
  23. Loss
  24. False
  25. True
  26. Loss
  27. selling price
  28. Loss
  29. Profit
  30. 165
  31. selling price
  32. selling price
  33. 10
  34. 2
  35. 33
  36. 5
  37. Loss
  38. 59
  39. 324
  40. 20

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