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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 2 · 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.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  2. 2.One fruit cup costs Lakshmi ₹27 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  4. 4.True or false: “the price on your board” is the selling price. (a) False (b) True
  5. 5.It costs ₹47 to make one friendship band. Diya sells it for ₹62. What is the profit on one (in ₹)?
  6. 6.Kavya makes 21 cups of lemonade at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  7. 7.One fruit cup costs Zoya ₹48 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One painted pebble costs Aarav ₹29 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One fruit cup costs Vihaan ₹28 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.One potted plant costs ₹14 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  11. 11.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  12. 12.One paper bookmark costs ₹22 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.It costs ₹25 to make one jute bag. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.True or false: “money got from a sale” is the cost price. (a) True (b) False
  17. 17.Diya makes 15 clay diyas at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  18. 18.One glass of chai costs ₹16 to make. Kavya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹27 to make one jute bag. On the last day Zoya sells it for only ₹17. How much is the loss on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) True (b) False
  21. 21.One handmade card costs Zoya ₹51 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  25. 25.It costs ₹58 to make one clay diya. Ishaan sells it for ₹66. What is the profit on one (in ₹)?
  26. 26.One jute bag costs Aarav ₹17 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹20 to make one handmade card. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  31. 31.Kavya makes 9 painted pebbles at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  32. 32.One paper bookmark costs Ishaan ₹59 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Meera makes 15 cups of lemonade at a cost of ₹5 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  34. 34.It costs ₹43 to make one painted pebble. On the last day Ishaan sells it for only ₹34. How much is the loss on one (in ₹)?
  35. 35.One potted plant costs ₹46 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.Riya makes 16 cups of lemonade at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  37. 37.It costs ₹48 to make one clay diya. On the last day Nisha sells it for only ₹42. How much is the loss on one (in ₹)?
  38. 38.It costs ₹43 to make one handmade card. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  39. 39.It costs ₹46 to make one clay diya. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs Diya ₹46 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what the buyer pays
  2. Loss
  3. SP less than CP
  4. True
  5. 15
  6. 147
  7. Profit
  8. Loss
  9. Loss
  10. 34
  11. SP more than CP
  12. 30
  13. False
  14. 10
  15. False
  16. False
  17. 45
  18. 34
  19. 10
  20. True
  21. Loss
  22. what it cost you
  23. False
  24. cost price
  25. 8
  26. Loss
  27. 9
  28. cost price
  29. True
  30. cost price
  31. 27
  32. Profit
  33. 195
  34. 9
  35. 47
  36. 160
  37. 6
  38. 18
  39. 4
  40. Loss

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