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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 351 · 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 clay diya costs ₹34 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹44 to make one glass of chai. Kabir sells it for ₹58. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  7. 7.True or false: “the price on your board” is the cost price. (a) False (b) True
  8. 8.It costs ₹37 to make one clay diya. Riya sells it for ₹49. What is the profit on one (in ₹)?
  9. 9.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  10. 10.It costs ₹26 to make one friendship band. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?
  11. 11.It costs ₹41 to make one paper bookmark. Joseph sells it for ₹55. What is the profit on one (in ₹)?
  12. 12.True or false: “money got from a sale” is the cost price. (a) True (b) False
  13. 13.It costs ₹21 to make one clay diya. Lakshmi sells it for ₹31. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹9 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  15. 15.One painted pebble costs ₹24 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “what a customer pays” is the selling price. (a) True (b) False
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.Dev makes 30 paper bookmarks at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  19. 19.True or false: “the price you sell at” is the selling price. (a) False (b) True
  20. 20.It costs ₹55 to make one potted plant. On the last day Lakshmi sells it for only ₹53. How much is the loss on one (in ₹)?
  21. 21.It costs ₹18 to make one handmade card. On the last day Riya sells it for only ₹8. How much is the loss on one (in ₹)?
  22. 22.One potted plant costs ₹19 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  23. 23.One painted pebble costs ₹22 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) True (b) False
  25. 25.One paper bookmark costs ₹59 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money spent to get it” is the selling price. (a) False (b) True
  27. 27.It costs ₹38 to make one fruit cup. Kavya sells it for ₹47. What is the profit on one (in ₹)?
  28. 28.One clay diya costs Meera ₹43 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹34 to make one paper bookmark. Joseph sells it for ₹47. What is the profit on one (in ₹)?
  30. 30.Ishaan makes 29 handmade cards at a cost of ₹34 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  31. 31.One clay diya costs ₹60 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  32. 32.One jute bag costs Lakshmi ₹58 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One glass of chai costs ₹6 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹17 to make one fruit cup. Meera sells it for ₹25. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹33 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.One cupcake costs ₹40 to make. Riya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  38. 38.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  39. 39.Ishaan makes 14 jute bags at a cost of ₹13 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. 40
  2. 14
  3. what it cost you
  4. cost price
  5. selling price
  6. SP more than CP
  7. False
  8. 12
  9. what the buyer pays
  10. 5
  11. 14
  12. False
  13. 10
  14. 29
  15. 27
  16. True
  17. False
  18. 360
  19. True
  20. 2
  21. 10
  22. 27
  23. 37
  24. True
  25. 65
  26. False
  27. 9
  28. Loss
  29. 13
  30. 261
  31. 70
  32. Loss
  33. 20
  34. 8
  35. 46
  36. False
  37. 54
  38. SP less than CP
  39. 210
  40. selling price

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