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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 139 · 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 ₹38 to make one fruit cup. Zoya sells it for ₹52. What is the profit on one (in ₹)?
  2. 2.It costs ₹15 to make one paper bookmark. Riya sells it for ₹19. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.It costs ₹52 to make one friendship band. On the last day Lakshmi sells it for only ₹50. How much is the loss on one (in ₹)?
  6. 6.It costs ₹50 to make one friendship band. Vihaan sells it for ₹62. What is the profit on one (in ₹)?
  7. 7.One potted plant costs Gurpreet ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One handmade card costs ₹39 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.It costs ₹55 to make one paper bookmark. Kabir sells it for ₹58. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.True or false: “the price on your board” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.True or false: “money got from a sale” is the selling price. (a) True (b) False
  17. 17.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  18. 18.It costs ₹16 to make one jute bag. On the last day Meera sells it for only ₹13. How much is the loss on one (in ₹)?
  19. 19.It costs ₹23 to make one paper bookmark. Gurpreet sells it for ₹40. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹14 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  21. 21.Vihaan makes 5 paper bookmarks at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  22. 22.It costs ₹16 to make one bag of popcorn. Saanvi sells it for ₹17. What is the profit on one (in ₹)?
  23. 23.It costs ₹56 to make one glass of chai. Arjun sells it for ₹61. What is the profit on one (in ₹)?
  24. 24.It costs ₹35 to make one cupcake. On the last day Joseph sells it for only ₹33. How much is the loss on one (in ₹)?
  25. 25.Ishaan makes 17 cups of lemonade at a cost of ₹25 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  26. 26.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  27. 27.One clay diya costs ₹23 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹57 to make one paper bookmark. On the last day Zoya sells it for only ₹53. How much is the loss on one (in ₹)?
  29. 29.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.One glass of chai costs ₹51 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “the price you sell at” is the cost price. (a) False (b) True
  35. 35.It costs ₹15 to make one handmade card. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  36. 36.It costs ₹48 to make one potted plant. Aarav sells it for ₹55. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs Aarav ₹39 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹14 to make one clay diya. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.True or false: “the price on your board” is the selling price. (a) False (b) True

Answer key

  1. 14
  2. 4
  3. selling price
  4. selling price
  5. 2
  6. 12
  7. Profit
  8. 56
  9. selling price
  10. cost price
  11. 3
  12. cost price
  13. False
  14. what it cost you
  15. False
  16. True
  17. True
  18. 3
  19. 17
  20. 20
  21. 50
  22. 1
  23. 5
  24. 2
  25. 136
  26. SP less than CP
  27. 24
  28. 4
  29. what the buyer pays
  30. False
  31. True
  32. selling price
  33. 53
  34. False
  35. 8
  36. 7
  37. Loss
  38. 1
  39. cost price
  40. True

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