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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 213 · 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.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  2. 2.True or false: “what a customer pays” is the cost price. (a) True (b) False
  3. 3.One handmade card costs Lakshmi ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One clay diya costs ₹31 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.It costs ₹21 to make one paper bookmark. Diya sells it for ₹30. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹59 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹36 to make one friendship band. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.Nisha makes 7 friendship bands at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.It costs ₹62 to make one bag of popcorn. On the last day Ananya sells it for only ₹58. How much is the loss on one (in ₹)?
  15. 15.One glass of chai costs Kabir ₹38 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the price you sell at” is the cost price. (a) True (b) False
  17. 17.It costs ₹20 to make one handmade card. Riya sells it for ₹27. What is the profit on one (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.It costs ₹55 to make one painted pebble. Zoya sells it for ₹67. What is the profit on one (in ₹)?
  21. 21.It costs ₹53 to make one fruit cup. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) False (b) True
  23. 23.One jute bag costs Meera ₹45 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.True or false: “money got from a sale” is the selling price. (a) True (b) False
  26. 26.One glass of chai costs Kavya ₹36 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One clay diya costs ₹5 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  30. 30.It costs ₹56 to make one friendship band. On the last day Zoya sells it for only ₹50. How much is the loss on one (in ₹)?
  31. 31.Ananya makes 28 clay diyas at a cost of ₹35 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  32. 32.It costs ₹41 to make one cup of lemonade. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  34. 34.One cupcake costs ₹14 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹56 to make one jute bag. On the last day Nisha sells it for only ₹49. How much is the loss on one (in ₹)?
  36. 36.It costs ₹22 to make one cupcake. Riya sells it for ₹32. What is the profit on one (in ₹)?
  37. 37.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.Saanvi makes 13 fruit cups at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  40. 40.Lakshmi makes 26 painted pebbles at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. False
  3. Loss
  4. 51
  5. cost price
  6. cost price
  7. 9
  8. 69
  9. 8
  10. what it cost you
  11. False
  12. 77
  13. selling price
  14. 4
  15. Loss
  16. False
  17. 7
  18. False
  19. cost price
  20. 12
  21. 8
  22. False
  23. Profit
  24. True
  25. True
  26. Loss
  27. 7
  28. selling price
  29. what the buyer pays
  30. 6
  31. 392
  32. 3
  33. selling price
  34. 20
  35. 7
  36. 10
  37. SP more than CP
  38. selling price
  39. 65
  40. 364

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