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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 272 · 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.It costs ₹8 to make one handmade card. Meera sells it for ₹16. What is the profit on one (in ₹)?
  2. 2.It costs ₹38 to make one painted pebble. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  3. 3.One potted plant costs Ananya ₹53 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  7. 7.True or false: “money got from a sale” is the cost price. (a) True (b) False
  8. 8.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  9. 9.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  10. 10.One painted pebble costs ₹43 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  13. 13.One cup of lemonade costs Meera ₹54 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One jute bag costs ₹57 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.It costs ₹56 to make one jute bag. On the last day Ishaan sells it for only ₹51. How much is the loss on one (in ₹)?
  17. 17.It costs ₹34 to make one painted pebble. On the last day Diya sells it for only ₹26. How much is the loss on one (in ₹)?
  18. 18.It costs ₹57 to make one paper bookmark. On the last day Meera sells it for only ₹47. How much is the loss on one (in ₹)?
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.Saanvi makes 25 painted pebbles at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  21. 21.Lakshmi makes 11 painted pebbles at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.True or false: “cost of making one” is the selling price. (a) False (b) True
  25. 25.True or false: “what a customer pays” is the cost price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.It costs ₹41 to make one glass of chai. Ananya sells it for ₹57. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.One friendship band costs ₹32 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  30. 30.One handmade card costs ₹40 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹6 to make one fruit cup. Joseph sells it for ₹16. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹11 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  33. 33.One fruit cup costs ₹53 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.One fruit cup costs Ishaan ₹52 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One handmade card costs Joseph ₹22 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “money spent to get it” is the cost price. (a) False (b) True
  37. 37.It costs ₹39 to make one clay diya. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  38. 38.One paper bookmark costs Riya ₹54 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One glass of chai costs Aarav ₹60 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹49 to make one painted pebble. On the last day Tara sells it for only ₹46. How much is the loss on one (in ₹)?

Answer key

  1. 8
  2. 18
  3. Loss
  4. selling price
  5. cost price
  6. SP more than CP
  7. False
  8. what the buyer pays
  9. SP less than CP
  10. 44
  11. True
  12. what it cost you
  13. Profit
  14. 77
  15. cost price
  16. 5
  17. 8
  18. 10
  19. True
  20. 250
  21. 154
  22. False
  23. cost price
  24. False
  25. False
  26. selling price
  27. 16
  28. cost price
  29. 36
  30. 48
  31. 10
  32. 21
  33. 58
  34. Profit
  35. Profit
  36. True
  37. 9
  38. Loss
  39. Loss
  40. 3

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