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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 144 · 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 ₹15 to make one cup of lemonade. On the last day Zoya sells it for only ₹13. How much is the loss on one (in ₹)?
  2. 2.One clay diya costs Gurpreet ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹38 to make one paper bookmark. On the last day Riya sells it for only ₹37. How much is the loss on one (in ₹)?
  4. 4.One cup of lemonade costs ₹26 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  9. 9.Lakshmi makes 16 cups of lemonade at a cost of ₹26 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  11. 11.Diya makes 20 clay diyas at a cost of ₹6 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  12. 12.True or false: “the price you sell at” is the selling price. (a) True (b) False
  13. 13.One cup of lemonade costs Nisha ₹27 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.True or false: “cost of making one” is the cost price. (a) False (b) True
  17. 17.One jute bag costs ₹13 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.It costs ₹61 to make one paper bookmark. On the last day Rohan sells it for only ₹56. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) True (b) False
  21. 21.One painted pebble costs Joseph ₹47 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “money spent to get it” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.One clay diya costs Zoya ₹17 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One jute bag costs ₹49 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  26. 26.One clay diya costs ₹15 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹34 to make one fruit cup. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?
  28. 28.Nisha makes 15 friendship bands at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  29. 29.One clay diya costs Vihaan ₹50 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One bag of popcorn costs ₹15 to make. Gurpreet wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.Tara makes 29 potted plants at a cost of ₹34 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  32. 32.One friendship band costs Nisha ₹43 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  35. 35.Diya makes 5 fruit cups at a cost of ₹25 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  36. 36.It costs ₹17 to make one handmade card. Saanvi sells it for ₹27. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  39. 39.One fruit cup costs Kabir ₹24 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹40 to make one friendship band. Rohan sells it for ₹55. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. Profit
  3. 1
  4. 35
  5. False
  6. False
  7. cost price
  8. what the buyer pays
  9. 208
  10. False
  11. 140
  12. True
  13. Loss
  14. selling price
  15. cost price
  16. True
  17. 21
  18. cost price
  19. 5
  20. True
  21. Loss
  22. False
  23. selling price
  24. Profit
  25. 64
  26. 28
  27. 2
  28. 30
  29. Profit
  30. 19
  31. 435
  32. Profit
  33. False
  34. SP more than CP
  35. 30
  36. 10
  37. selling price
  38. SP less than CP
  39. Profit
  40. 15

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