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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 211 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  2. 2.It costs ₹9 to make one clay diya. On the last day Saanvi sells it for only ₹8. How much is the loss on one (in ₹)?
  3. 3.One paper bookmark costs Rohan ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  5. 5.It costs ₹12 to make one painted pebble. Lakshmi sells it for ₹14. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹38 to make. Zoya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.It costs ₹38 to make one clay diya. Ishaan sells it for ₹54. What is the profit on one (in ₹)?
  10. 10.It costs ₹47 to make one potted plant. On the last day Ananya sells it for only ₹43. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  12. 12.True or false: “the price you sell at” is the selling price. (a) False (b) True
  13. 13.It costs ₹37 to make one glass of chai. Meera sells it for ₹46. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs Diya ₹48 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.Kavya makes 7 glasses of chai at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.True or false: “what a customer pays” is the selling price. (a) False (b) True
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.Meera makes 12 clay diyas at a cost of ₹29 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  22. 22.One painted pebble costs ₹56 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  23. 23.Saanvi makes 9 glasses of chai at a cost of ₹8 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  24. 24.True or false: “the price you sell at” is the cost price. (a) False (b) True
  25. 25.Dev makes 24 jute bags at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  26. 26.One fruit cup costs Saanvi ₹23 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.One handmade card costs Kavya ₹18 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹15 to make one paper bookmark. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  30. 30.It costs ₹59 to make one jute bag. Rohan sells it for ₹74. What is the profit on one (in ₹)?
  31. 31.True or false: “money spent to get it” is the cost price. (a) False (b) True
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.One fruit cup costs ₹25 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  35. 35.One paper bookmark costs ₹21 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.Tara makes 29 clay diyas at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  37. 37.It costs ₹13 to make one glass of chai. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.It costs ₹51 to make one handmade card. Ishaan sells it for ₹56. What is the profit on one (in ₹)?
  40. 40.It costs ₹50 to make one fruit cup. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. 1
  3. Profit
  4. SP less than CP
  5. 2
  6. 54
  7. cost price
  8. False
  9. 16
  10. 4
  11. what it cost you
  12. True
  13. 9
  14. Loss
  15. cost price
  16. 28
  17. selling price
  18. True
  19. False
  20. cost price
  21. 84
  22. 64
  23. 108
  24. False
  25. 24
  26. Loss
  27. cost price
  28. Profit
  29. 9
  30. 15
  31. True
  32. selling price
  33. 27
  34. what the buyer pays
  35. 24
  36. 116
  37. 16
  38. False
  39. 5
  40. 1

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