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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 382 · 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 ₹48 to make one paper bookmark. Tara sells it for ₹62. What is the profit on one (in ₹)?
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.One handmade card costs Arjun ₹17 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One handmade card costs ₹17 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.One fruit cup costs Gurpreet ₹49 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.It costs ₹42 to make one paper bookmark. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  10. 10.It costs ₹58 to make one friendship band. On the last day Nisha sells it for only ₹51. How much is the loss on one (in ₹)?
  11. 11.It costs ₹6 to make one paper bookmark. Rohan sells it for ₹9. What is the profit on one (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.True or false: “the price on your board” is the selling price. (a) True (b) False
  15. 15.One handmade card costs Lakshmi ₹42 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  17. 17.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  18. 18.It costs ₹48 to make one paper bookmark. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  19. 19.It costs ₹44 to make one fruit cup. On the last day Aarav sells it for only ₹43. How much is the loss on one (in ₹)?
  20. 20.Aarav makes 18 fruit cups at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  21. 21.Diya makes 18 paper bookmarks at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  22. 22.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  23. 23.It costs ₹16 to make one handmade card. Diya sells it for ₹19. What is the profit on one (in ₹)?
  24. 24.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  25. 25.Farhan makes 14 cups of lemonade at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  26. 26.It costs ₹37 to make one friendship band. On the last day Riya sells it for only ₹29. How much is the loss on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
  28. 28.Zoya makes 26 glasses of chai at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.One glass of chai costs Diya ₹27 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One friendship band costs ₹58 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.One cupcake costs Arjun ₹31 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One fruit cup costs Ananya ₹35 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Aarav makes 5 cupcakes at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  36. 36.It costs ₹33 to make one clay diya. On the last day Meera sells it for only ₹30. How much is the loss on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) True (b) False
  38. 38.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.One fruit cup costs ₹8 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. 14
  2. False
  3. False
  4. Profit
  5. 25
  6. cost price
  7. Profit
  8. False
  9. 14
  10. 7
  11. 3
  12. False
  13. True
  14. True
  15. Loss
  16. selling price
  17. what the buyer pays
  18. 14
  19. 1
  20. 216
  21. 234
  22. SP less than CP
  23. 3
  24. SP more than CP
  25. 154
  26. 8
  27. True
  28. 26
  29. Profit
  30. 65
  31. selling price
  32. True
  33. Profit
  34. Loss
  35. 25
  36. 3
  37. False
  38. what it cost you
  39. False
  40. 18

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