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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 364 · 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 ₹42 to make one clay diya. Kabir sells it for ₹58. What is the profit on one (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.One clay diya costs Nisha ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  6. 6.It costs ₹12 to make one paper bookmark. On the last day Lakshmi sells it for only ₹10. How much is the loss on one (in ₹)?
  7. 7.True or false: “what a customer pays” is the cost price. (a) False (b) True
  8. 8.It costs ₹30 to make one glass of chai. On the last day Vihaan sells it for only ₹21. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.True or false: “money spent to get it” is the selling price. (a) False (b) True
  11. 11.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  13. 13.It costs ₹25 to make one clay diya. On the last day Ananya sells it for only ₹21. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  15. 15.It costs ₹23 to make one bag of popcorn. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  16. 16.It costs ₹25 to make one painted pebble. On the last day Saanvi sells it for only ₹15. How much is the loss on one (in ₹)?
  17. 17.One friendship band costs Aarav ₹37 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.It costs ₹20 to make one jute bag. On the last day Ishaan sells it for only ₹16. How much is the loss on one (in ₹)?
  21. 21.Joseph makes 13 clay diyas at a cost of ₹18 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  22. 22.Nisha makes 20 cups of lemonade at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  23. 23.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  24. 24.It costs ₹14 to make one clay diya. Kabir sells it for ₹18. What is the profit on one (in ₹)?
  25. 25.It costs ₹25 to make one painted pebble. Rohan sells it for ₹32. What is the profit on one (in ₹)?
  26. 26.It costs ₹14 to make one painted pebble. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  27. 27.It costs ₹49 to make one cup of lemonade. Gurpreet sells it for ₹67. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹47 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹40 to make one cup of lemonade. Diya sells it for ₹59. What is the profit on one (in ₹)?
  30. 30.It costs ₹12 to make one cup of lemonade. Gurpreet sells it for ₹17. What is the profit on one (in ₹)?
  31. 31.It costs ₹33 to make one fruit cup. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹45 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) False (b) True
  34. 34.It costs ₹42 to make one glass of chai. On the last day Meera sells it for only ₹33. How much is the loss on one (in ₹)?
  35. 35.One clay diya costs ₹23 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.One bag of popcorn costs ₹37 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
  38. 38.One glass of chai costs Gurpreet ₹56 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹41 to make one cupcake. Farhan sells it for ₹42. What is the profit on one (in ₹)?
  40. 40.One cupcake costs Kabir ₹45 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 16
  2. False
  3. Profit
  4. selling price
  5. SP more than CP
  6. 2
  7. False
  8. 9
  9. cost price
  10. False
  11. what the buyer pays
  12. selling price
  13. 4
  14. what it cost you
  15. 8
  16. 10
  17. Profit
  18. cost price
  19. True
  20. 4
  21. 156
  22. 140
  23. SP less than CP
  24. 4
  25. 7
  26. 10
  27. 18
  28. 49
  29. 19
  30. 5
  31. 20
  32. 48
  33. True
  34. 9
  35. 42
  36. 50
  37. True
  38. Profit
  39. 1
  40. Loss

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