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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 137 · 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.One potted plant costs Rohan ₹46 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹11 to make one potted plant. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  3. 3.One clay diya costs ₹11 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.It costs ₹11 to make one paper bookmark. Dev sells it for ₹30. What is the profit on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the cost price. (a) True (b) False
  9. 9.One handmade card costs Nisha ₹39 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  12. 12.One clay diya costs ₹9 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹49 to make one clay diya. Rohan sells it for ₹65. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  16. 16.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  17. 17.One cupcake costs Tara ₹20 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹40 to make one jute bag. Arjun sells it for ₹42. What is the profit on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) True (b) False
  20. 20.True or false: “cost of making one” is the cost price. (a) True (b) False
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.It costs ₹58 to make one cup of lemonade. Meera sells it for ₹64. What is the profit on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the selling price. (a) False (b) True
  24. 24.It costs ₹59 to make one jute bag. On the last day Lakshmi sells it for only ₹58. How much is the loss on one (in ₹)?
  25. 25.It costs ₹49 to make one jute bag. Gurpreet sells it for ₹64. What is the profit on one (in ₹)?
  26. 26.It costs ₹9 to make one cupcake. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the selling price. (a) False (b) True
  28. 28.Dev makes 11 clay diyas at a cost of ₹26 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  30. 30.One potted plant costs Vihaan ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.One handmade card costs ₹33 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹16 to make one cupcake. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.One cupcake costs Kabir ₹60 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Riya makes 28 paper bookmarks at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  38. 38.One handmade card costs Vihaan ₹28 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.It costs ₹36 to make one fruit cup. Meera sells it for ₹55. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. 6
  3. 28
  4. cost price
  5. False
  6. False
  7. 19
  8. True
  9. Loss
  10. selling price
  11. SP more than CP
  12. 26
  13. 16
  14. cost price
  15. what it cost you
  16. SP less than CP
  17. Profit
  18. 2
  19. False
  20. True
  21. True
  22. 6
  23. False
  24. 1
  25. 15
  26. 4
  27. True
  28. 88
  29. cost price
  30. Profit
  31. what the buyer pays
  32. selling price
  33. 50
  34. 14
  35. Profit
  36. 84
  37. selling price
  38. Loss
  39. False
  40. 19

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