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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 216 · 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.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  2. 2.True or false: “what a customer pays” is the selling price. (a) False (b) True
  3. 3.One cup of lemonade costs Arjun ₹35 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One clay diya costs ₹51 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.It costs ₹57 to make one clay diya. Aarav sells it for ₹74. What is the profit on one (in ₹)?
  7. 7.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  8. 8.Diya makes 30 cupcakes at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  9. 9.One jute bag costs ₹12 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “cost of making one” is the selling price. (a) False (b) True
  11. 11.One jute bag costs ₹25 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  12. 12.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  13. 13.One jute bag costs ₹44 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹21 to make one glass of chai. On the last day Farhan sells it for only ₹13. How much is the loss on one (in ₹)?
  15. 15.One friendship band costs Dev ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.Tara makes 12 clay diyas at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  20. 20.It costs ₹59 to make one clay diya. On the last day Farhan sells it for only ₹55. How much is the loss on one (in ₹)?
  21. 21.It costs ₹40 to make one jute bag. On the last day Meera sells it for only ₹38. How much is the loss on one (in ₹)?
  22. 22.It costs ₹56 to make one cup of lemonade. Ananya sells it for ₹74. What is the profit on one (in ₹)?
  23. 23.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  24. 24.It costs ₹47 to make one potted plant. Aarav sells it for ₹51. What is the profit on one (in ₹)?
  25. 25.It costs ₹11 to make one painted pebble. Gurpreet sells it for ₹24. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs Ananya ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.It costs ₹13 to make one potted plant. Arjun sells it for ₹16. What is the profit on one (in ₹)?
  29. 29.It costs ₹11 to make one cupcake. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?
  30. 30.Zoya makes 9 paper bookmarks at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price on your board” is the selling price. (a) True (b) False
  32. 32.It costs ₹25 to make one cup of lemonade. On the last day Aarav sells it for only ₹16. How much is the loss on one (in ₹)?
  33. 33.One jute bag costs ₹8 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.It costs ₹39 to make one clay diya. On the last day Arjun sells it for only ₹31. How much is the loss on one (in ₹)?
  36. 36.One cup of lemonade costs Nisha ₹36 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹57 to make one clay diya. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  38. 38.It costs ₹41 to make one paper bookmark. Ananya sells it for ₹43. What is the profit on one (in ₹)?
  39. 39.True or false: “money spent to get it” is the selling price. (a) True (b) False
  40. 40.One paper bookmark costs Lakshmi ₹38 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. True
  3. Profit
  4. 64
  5. selling price
  6. 17
  7. SP less than CP
  8. 450
  9. 16
  10. False
  11. 45
  12. what the buyer pays
  13. 54
  14. 8
  15. Loss
  16. True
  17. cost price
  18. 156
  19. what it cost you
  20. 4
  21. 2
  22. 18
  23. SP more than CP
  24. 4
  25. 13
  26. Profit
  27. False
  28. 3
  29. 5
  30. 117
  31. True
  32. 9
  33. 9
  34. cost price
  35. 8
  36. Loss
  37. 5
  38. 2
  39. False
  40. Profit

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