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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 395 · 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.It costs ₹21 to make one clay diya. On the last day Riya sells it for only ₹20. How much is the loss on one (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.Ananya makes 9 clay diyas at a cost of ₹9 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  6. 6.One cupcake costs Ishaan ₹20 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.One handmade card costs ₹54 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “the price you sell at” is the cost price. (a) True (b) False
  10. 10.One glass of chai costs ₹5 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹7 to make one potted plant. Aarav sells it for ₹17. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.True or false: “money spent to get it” is the selling price. (a) False (b) True
  14. 14.One cup of lemonade costs ₹60 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  16. 16.True or false: “what a customer pays” is the selling price. (a) True (b) False
  17. 17.It costs ₹16 to make one fruit cup. Diya sells it for ₹24. What is the profit on one (in ₹)?
  18. 18.True or false: “money got from a sale” is the selling price. (a) True (b) False
  19. 19.It costs ₹48 to make one handmade card. Aarav sells it for ₹52. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹56 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.One cupcake costs ₹11 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  24. 24.True or false: “money spent to get it” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  26. 26.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  28. 28.It costs ₹51 to make one potted plant. Tara sells it for ₹56. What is the profit on one (in ₹)?
  29. 29.One potted plant costs Kabir ₹60 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹29 to make one cupcake. Farhan sells it for ₹47. What is the profit on one (in ₹)?
  31. 31.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  32. 32.One jute bag costs ₹21 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹43 to make one cupcake. Riya sells it for ₹63. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹45 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.One fruit cup costs ₹60 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹50 to make one clay diya. On the last day Meera sells it for only ₹48. How much is the loss on one (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  38. 38.It costs ₹50 to make one clay diya. Meera sells it for ₹55. What is the profit on one (in ₹)?
  39. 39.It costs ₹25 to make one bag of popcorn. Arjun sells it for ₹31. What is the profit on one (in ₹)?
  40. 40.It costs ₹28 to make one paper bookmark. Zoya sells it for ₹37. What is the profit on one (in ₹)?

Answer key

  1. 1
  2. False
  3. 36
  4. SP less than CP
  5. selling price
  6. Profit
  7. False
  8. 74
  9. False
  10. 16
  11. 10
  12. cost price
  13. False
  14. 65
  15. selling price
  16. True
  17. 8
  18. True
  19. 4
  20. 61
  21. True
  22. 16
  23. what it cost you
  24. True
  25. cost price
  26. what the buyer pays
  27. selling price
  28. 5
  29. Loss
  30. 18
  31. SP more than CP
  32. 39
  33. 20
  34. 49
  35. 71
  36. 2
  37. True
  38. 5
  39. 6
  40. 9

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