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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 153 · 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 ₹37 to make one jute bag. Diya sells it for ₹52. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  3. 3.True or false: “the price you sell at” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.It costs ₹68 to make one fruit cup. On the last day Diya sells it for only ₹59. How much is the loss on one (in ₹)?
  6. 6.It costs ₹50 to make one handmade card. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹37 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “money spent to get it” is the selling price. (a) False (b) True
  9. 9.True or false: “what a customer pays” is the cost price. (a) False (b) True
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.It costs ₹10 to make one clay diya. Kavya sells it for ₹13. What is the profit on one (in ₹)?
  12. 12.It costs ₹13 to make one clay diya. Lakshmi sells it for ₹28. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.Zoya makes 25 cups of lemonade at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  15. 15.One jute bag costs ₹44 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹45 to make one friendship band. On the last day Saanvi sells it for only ₹35. How much is the loss on one (in ₹)?
  17. 17.It costs ₹45 to make one cup of lemonade. On the last day Farhan sells it for only ₹38. How much is the loss on one (in ₹)?
  18. 18.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  19. 19.It costs ₹37 to make one paper bookmark. On the last day Riya sells it for only ₹34. How much is the loss on one (in ₹)?
  20. 20.One jute bag costs ₹5 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  21. 21.Ishaan makes 16 painted pebbles at a cost of ₹31 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) False (b) True
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.One cup of lemonade costs ₹42 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹30 to make one handmade card. Diya sells it for ₹34. What is the profit on one (in ₹)?
  26. 26.It costs ₹24 to make one clay diya. On the last day Ishaan sells it for only ₹21. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  28. 28.One cupcake costs ₹45 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  32. 32.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  34. 34.One cup of lemonade costs Diya ₹18 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One fruit cup costs Aarav ₹31 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Joseph makes 20 handmade cards at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  37. 37.Tara makes 26 bags of popcorn at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  39. 39.One painted pebble costs Arjun ₹45 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One potted plant costs Joseph ₹53 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 15
  2. selling price
  3. True
  4. cost price
  5. 9
  6. 3
  7. 38
  8. False
  9. False
  10. True
  11. 3
  12. 15
  13. selling price
  14. 125
  15. 62
  16. 10
  17. 7
  18. SP less than CP
  19. 3
  20. 12
  21. 112
  22. False
  23. True
  24. 58
  25. 4
  26. 3
  27. what it cost you
  28. 55
  29. cost price
  30. selling price
  31. False
  32. what the buyer pays
  33. True
  34. Loss
  35. Loss
  36. 120
  37. 26
  38. cost price
  39. Loss
  40. Loss

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