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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 177 · 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.It costs ₹37 to make one clay diya. On the last day Tara sells it for only ₹27. How much is the loss on one (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.One cup of lemonade costs Ishaan ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.It costs ₹23 to make one cup of lemonade. Zoya sells it for ₹38. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹5 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.Saanvi makes 9 glasses of chai at a cost of ₹25 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  11. 11.One potted plant costs ₹8 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹43 to make one potted plant. On the last day Lakshmi sells it for only ₹33. How much is the loss on one (in ₹)?
  13. 13.It costs ₹58 to make one cup of lemonade. On the last day Rohan sells it for only ₹51. How much is the loss on one (in ₹)?
  14. 14.One bag of popcorn costs ₹52 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.One potted plant costs Farhan ₹29 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹5 to make one glass of chai. Lakshmi sells it for ₹22. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.It costs ₹11 to make one paper bookmark. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.True or false: “the price you sell at” is the cost price. (a) False (b) True
  22. 22.Nisha makes 23 clay diyas at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  23. 23.One jute bag costs Tara ₹18 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One paper bookmark costs ₹16 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  25. 25.One painted pebble costs Rohan ₹56 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “cost of making one” is the selling price. (a) False (b) True
  27. 27.One fruit cup costs Riya ₹53 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹20 to make one bag of popcorn. On the last day Meera sells it for only ₹14. How much is the loss on one (in ₹)?
  29. 29.It costs ₹58 to make one cupcake. Riya sells it for ₹65. What is the profit on one (in ₹)?
  30. 30.Kavya makes 5 glasses of chai at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  31. 31.It costs ₹65 to make one cup of lemonade. On the last day Aarav sells it for only ₹57. How much is the loss on one (in ₹)?
  32. 32.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  33. 33.One potted plant costs Joseph ₹28 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
  35. 35.True or false: “money got from a sale” is the cost price. (a) True (b) False
  36. 36.Ananya makes 15 potted plants at a cost of ₹21 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  37. 37.It costs ₹61 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP

Answer key

  1. 10
  2. True
  3. selling price
  4. selling price
  5. Profit
  6. 15
  7. 7
  8. 36
  9. cost price
  10. what it cost you
  11. 19
  12. 10
  13. 7
  14. 66
  15. Loss
  16. 17
  17. cost price
  18. 2
  19. selling price
  20. cost price
  21. False
  22. 253
  23. Loss
  24. 19
  25. Profit
  26. False
  27. Loss
  28. 6
  29. 7
  30. 70
  31. 8
  32. what the buyer pays
  33. Loss
  34. False
  35. False
  36. 225
  37. 4
  38. False
  39. cost price
  40. SP more than CP

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