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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 294 · 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 ₹38 to make one clay diya. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  3. 3.True or false: “what a customer pays” is the cost price. (a) True (b) False
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.Meera makes 10 fruit cups at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  7. 7.It costs ₹26 to make one paper bookmark. On the last day Dev sells it for only ₹18. How much is the loss on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.It costs ₹32 to make one cupcake. On the last day Riya sells it for only ₹31. How much is the loss on one (in ₹)?
  12. 12.One cup of lemonade costs Tara ₹44 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.One jute bag costs Ishaan ₹32 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One fruit cup costs Aarav ₹24 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  16. 16.It costs ₹14 to make one fruit cup. Ananya sells it for ₹21. What is the profit on one (in ₹)?
  17. 17.It costs ₹55 to make one paper bookmark. Vihaan sells it for ₹72. What is the profit on one (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  20. 20.It costs ₹13 to make one clay diya. On the last day Zoya sells it for only ₹7. How much is the loss on one (in ₹)?
  21. 21.One paper bookmark costs Diya ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  23. 23.True or false: “money spent to get it” is the cost price. (a) False (b) True
  24. 24.One painted pebble costs Tara ₹39 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One painted pebble costs Vihaan ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One friendship band costs ₹38 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.It costs ₹62 to make one painted pebble. On the last day Ishaan sells it for only ₹58. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.Ishaan makes 19 glasses of chai at a cost of ₹6 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.Gurpreet makes 26 clay diyas at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  32. 32.It costs ₹15 to make one potted plant. On the last day Diya sells it for only ₹6. How much is the loss on one (in ₹)?
  33. 33.Joseph makes 18 friendship bands at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  34. 34.It costs ₹51 to make one fruit cup. Meera sells it for ₹53. What is the profit on one (in ₹)?
  35. 35.True or false: “money got from a sale” is the selling price. (a) False (b) True
  36. 36.True or false: “the price you sell at” is the selling price. (a) False (b) True
  37. 37.Riya makes 10 glasses of chai at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.It costs ₹30 to make one cup of lemonade. Tara sells it for ₹49. What is the profit on one (in ₹)?
  40. 40.It costs ₹45 to make one jute bag. Farhan sells it for ₹57. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. SP more than CP
  3. False
  4. True
  5. cost price
  6. 140
  7. 8
  8. False
  9. cost price
  10. cost price
  11. 1
  12. Profit
  13. Loss
  14. Profit
  15. what it cost you
  16. 7
  17. 17
  18. False
  19. what the buyer pays
  20. 6
  21. Profit
  22. SP less than CP
  23. True
  24. Loss
  25. Profit
  26. 45
  27. cost price
  28. 4
  29. selling price
  30. 285
  31. 390
  32. 9
  33. 234
  34. 2
  35. True
  36. True
  37. 100
  38. selling price
  39. 19
  40. 12

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