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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 370 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.One glass of chai costs Tara ₹19 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  6. 6.One jute bag costs ₹12 to make. Tara wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.One glass of chai costs ₹10 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹13 to make one paper bookmark. Zoya sells it for ₹33. What is the profit on one (in ₹)?
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  11. 11.It costs ₹13 to make one clay diya. Kavya sells it for ₹27. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹57 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.It costs ₹43 to make one fruit cup. On the last day Farhan sells it for only ₹40. How much is the loss on one (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.One clay diya costs ₹28 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹30 to make one potted plant. On the last day Diya sells it for only ₹25. How much is the loss on one (in ₹)?
  21. 21.It costs ₹11 to make one friendship band. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  22. 22.True or false: “what a customer pays” is the cost price. (a) False (b) True
  23. 23.It costs ₹32 to make one clay diya. On the last day Kavya sells it for only ₹25. How much is the loss on one (in ₹)?
  24. 24.It costs ₹47 to make one potted plant. On the last day Arjun sells it for only ₹42. How much is the loss on one (in ₹)?
  25. 25.It costs ₹30 to make one paper bookmark. Gurpreet sells it for ₹43. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹47 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  27. 27.One cup of lemonade costs ₹34 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  28. 28.Ananya makes 18 potted plants at a cost of ₹7 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  29. 29.True or false: “what you paid for it” is the cost price. (a) True (b) False
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.It costs ₹51 to make one glass of chai. Ishaan sells it for ₹52. What is the profit on one (in ₹)?
  32. 32.One cupcake costs Nisha ₹21 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Dev makes 29 painted pebbles at a cost of ₹30 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  34. 34.One clay diya costs Farhan ₹19 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “money got from a sale” is the selling price. (a) False (b) True
  36. 36.It costs ₹48 to make one cup of lemonade. Diya sells it for ₹59. What is the profit on one (in ₹)?
  37. 37.It costs ₹57 to make one fruit cup. Riya sells it for ₹66. What is the profit on one (in ₹)?
  38. 38.It costs ₹23 to make one potted plant. Kabir sells it for ₹39. What is the profit on one (in ₹)?
  39. 39.True or false: “what a customer pays” is the selling price. (a) True (b) False
  40. 40.Kavya makes 11 cupcakes at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?

Answer key

  1. what it cost you
  2. selling price
  3. cost price
  4. Profit
  5. SP less than CP
  6. 29
  7. selling price
  8. 17
  9. 20
  10. what the buyer pays
  11. 14
  12. 66
  13. cost price
  14. SP more than CP
  15. False
  16. cost price
  17. 3
  18. False
  19. 35
  20. 5
  21. 19
  22. False
  23. 7
  24. 5
  25. 13
  26. 50
  27. 48
  28. 270
  29. True
  30. True
  31. 1
  32. Loss
  33. 145
  34. Profit
  35. True
  36. 11
  37. 9
  38. 16
  39. True
  40. 44

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