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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 35 · 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.One handmade card costs ₹28 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.One painted pebble costs Kavya ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
  7. 7.One paper bookmark costs Rohan ₹52 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.True or false: “the price you sell at” is the selling price. (a) True (b) False
  10. 10.It costs ₹47 to make one bag of popcorn. Rohan sells it for ₹65. What is the profit on one (in ₹)?
  11. 11.Dev makes 14 cupcakes at a cost of ₹26 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  12. 12.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹24 to make one cup of lemonade. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  20. 20.One painted pebble costs ₹36 to make. Joseph wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.Nisha makes 7 paper bookmarks at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  23. 23.One paper bookmark costs ₹13 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹29 to make one clay diya. Lakshmi sells it for ₹31. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹52 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  26. 26.Ananya makes 25 clay diyas at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  27. 27.Gurpreet makes 14 cups of lemonade at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  28. 28.One handmade card costs ₹51 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.Ananya makes 11 paper bookmarks at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  30. 30.It costs ₹17 to make one cup of lemonade. Ishaan sells it for ₹30. What is the profit on one (in ₹)?
  31. 31.Farhan makes 17 cupcakes at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  32. 32.It costs ₹38 to make one handmade card. On the last day Vihaan sells it for only ₹31. How much is the loss on one (in ₹)?
  33. 33.It costs ₹21 to make one friendship band. On the last day Diya sells it for only ₹14. How much is the loss on one (in ₹)?
  34. 34.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  35. 35.One handmade card costs Meera ₹31 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.One paper bookmark costs Nisha ₹28 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One painted pebble costs Zoya ₹25 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 34
  2. Loss
  3. SP less than CP
  4. cost price
  5. selling price
  6. True
  7. Loss
  8. cost price
  9. True
  10. 18
  11. 14
  12. what the buyer pays
  13. False
  14. False
  15. what it cost you
  16. selling price
  17. False
  18. cost price
  19. 4
  20. 54
  21. True
  22. 49
  23. 15
  24. 2
  25. 57
  26. 225
  27. 42
  28. 61
  29. 77
  30. 13
  31. 204
  32. 7
  33. 7
  34. SP more than CP
  35. Loss
  36. cost price
  37. selling price
  38. True
  39. Loss
  40. Loss

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