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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 322 · 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 ₹60 to make one handmade card. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  2. 2.It costs ₹39 to make one clay diya. On the last day Gurpreet sells it for only ₹33. How much is the loss on one (in ₹)?
  3. 3.One clay diya costs Tara ₹40 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One clay diya costs ₹60 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.It costs ₹20 to make one paper bookmark. Vihaan sells it for ₹25. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  9. 9.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  10. 10.It costs ₹23 to make one bag of popcorn. On the last day Meera sells it for only ₹13. How much is the loss on one (in ₹)?
  11. 11.One fruit cup costs Riya ₹17 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “money spent to get it” is the cost price. (a) False (b) True
  13. 13.True or false: “the price on your board” is the selling price. (a) True (b) False
  14. 14.One handmade card costs ₹26 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.It costs ₹19 to make one cup of lemonade. Gurpreet sells it for ₹20. What is the profit on one (in ₹)?
  17. 17.It costs ₹13 to make one fruit cup. Farhan sells it for ₹17. What is the profit on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.It costs ₹12 to make one glass of chai. On the last day Ananya sells it for only ₹7. How much is the loss on one (in ₹)?
  20. 20.One clay diya costs Ishaan ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹44 to make one cup of lemonade. Kabir sells it for ₹51. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.One handmade card costs ₹38 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.Ananya makes 15 clay diyas at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  29. 29.It costs ₹23 to make one jute bag. Rohan sells it for ₹34. What is the profit on one (in ₹)?
  30. 30.It costs ₹36 to make one bag of popcorn. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs Saanvi ₹29 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  33. 33.True or false: “the price on your board” is the cost price. (a) True (b) False
  34. 34.Aarav makes 6 cups of lemonade at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  35. 35.One fruit cup costs Diya ₹26 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.Dev makes 8 cups of lemonade at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  38. 38.One handmade card costs Gurpreet ₹45 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One paper bookmark costs ₹34 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.Gurpreet makes 16 clay diyas at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?

Answer key

  1. 1
  2. 6
  3. Loss
  4. 64
  5. selling price
  6. 5
  7. what it cost you
  8. what the buyer pays
  9. SP more than CP
  10. 10
  11. Loss
  12. True
  13. True
  14. 35
  15. selling price
  16. 1
  17. 4
  18. False
  19. 5
  20. Loss
  21. 7
  22. cost price
  23. selling price
  24. cost price
  25. 51
  26. cost price
  27. False
  28. 120
  29. 11
  30. 12
  31. Loss
  32. cost price
  33. False
  34. 12
  35. Loss
  36. True
  37. 64
  38. Profit
  39. 44
  40. 144

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