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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 336 · 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 ₹19 to make one friendship band. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.One friendship band costs Aarav ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.True or false: “what a customer pays” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.One handmade card costs Arjun ₹31 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One friendship band costs ₹20 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.Zoya makes 5 jute bags at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  15. 15.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  16. 16.Nisha makes 23 painted pebbles at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.One clay diya costs Joseph ₹23 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One cupcake costs Rohan ₹50 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One cupcake costs ₹36 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) True (b) False
  21. 21.One cupcake costs Ananya ₹22 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.It costs ₹28 to make one paper bookmark. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  24. 24.It costs ₹47 to make one potted plant. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  25. 25.It costs ₹29 to make one jute bag. Meera sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.It costs ₹65 to make one potted plant. On the last day Lakshmi sells it for only ₹58. How much is the loss on one (in ₹)?
  27. 27.It costs ₹44 to make one clay diya. Farhan sells it for ₹51. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹40 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  30. 30.One cup of lemonade costs Joseph ₹50 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Ananya makes 20 friendship bands at a cost of ₹15 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  32. 32.It costs ₹51 to make one fruit cup. Meera sells it for ₹65. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  34. 34.One paper bookmark costs ₹16 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.One bag of popcorn costs Lakshmi ₹55 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Ananya makes 21 jute bags at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  37. 37.It costs ₹9 to make one potted plant. Diya sells it for ₹17. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  39. 39.It costs ₹48 to make one painted pebble. Diya sells it for ₹59. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs Ananya ₹28 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 10
  2. selling price
  3. False
  4. Profit
  5. selling price
  6. cost price
  7. False
  8. cost price
  9. SP less than CP
  10. False
  11. Loss
  12. 35
  13. cost price
  14. 15
  15. what the buyer pays
  16. 276
  17. Profit
  18. Loss
  19. 45
  20. True
  21. Profit
  22. False
  23. 11
  24. 7
  25. 15
  26. 7
  27. 7
  28. 41
  29. SP more than CP
  30. Profit
  31. 280
  32. 14
  33. what it cost you
  34. 33
  35. Loss
  36. 210
  37. 8
  38. selling price
  39. 11
  40. Profit

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