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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 372 · 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.One friendship band costs Kabir ₹38 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹10 to make one handmade card. On the last day Vihaan sells it for only ₹8. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “money spent to get it” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.One cup of lemonade costs ₹17 to make. Tara wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹57 to make one fruit cup. Aarav sells it for ₹71. What is the profit on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  10. 10.True or false: “cost of making one” is the selling price. (a) False (b) True
  11. 11.It costs ₹16 to make one potted plant. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  12. 12.It costs ₹30 to make one paper bookmark. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs Saanvi ₹59 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹32 to make one cup of lemonade. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  15. 15.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  16. 16.One handmade card costs ₹29 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  17. 17.One cupcake costs Lakshmi ₹57 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  19. 19.Kabir makes 24 paper bookmarks at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) True (b) False
  21. 21.One cup of lemonade costs ₹16 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  22. 22.One handmade card costs Tara ₹16 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.Saanvi makes 16 fruit cups at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
  27. 27.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  28. 28.It costs ₹48 to make one paper bookmark. Rohan sells it for ₹62. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹59 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  30. 30.One painted pebble costs Arjun ₹45 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One jute bag costs Nisha ₹27 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  33. 33.One glass of chai costs Meera ₹17 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.One clay diya costs ₹12 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹56 to make one paper bookmark. On the last day Joseph sells it for only ₹55. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  38. 38.One cupcake costs ₹8 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  39. 39.Riya makes 26 handmade cards at a cost of ₹25 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) True (b) False

Answer key

  1. Loss
  2. 2
  3. cost price
  4. True
  5. selling price
  6. 34
  7. 14
  8. False
  9. SP less than CP
  10. False
  11. 10
  12. 4
  13. Loss
  14. 16
  15. SP more than CP
  16. 43
  17. Profit
  18. selling price
  19. 264
  20. True
  21. 26
  22. Profit
  23. 240
  24. False
  25. cost price
  26. True
  27. what the buyer pays
  28. 14
  29. 65
  30. Profit
  31. Profit
  32. what it cost you
  33. Loss
  34. True
  35. 13
  36. 1
  37. cost price
  38. 25
  39. 104
  40. False

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