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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 41 · 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.One glass of chai costs ₹35 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  3. 3.It costs ₹59 to make one paper bookmark. On the last day Arjun sells it for only ₹56. How much is the loss on one (in ₹)?
  4. 4.One paper bookmark costs Diya ₹33 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  6. 6.One jute bag costs ₹35 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  8. 8.Nisha makes 15 handmade cards at a cost of ₹22 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.It costs ₹53 to make one paper bookmark. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.Kavya makes 24 bags of popcorn at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.One potted plant costs ₹28 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  16. 16.One painted pebble costs Kabir ₹58 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One potted plant costs Arjun ₹18 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.It costs ₹9 to make one paper bookmark. Zoya sells it for ₹29. What is the profit on one (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) False (b) True
  21. 21.It costs ₹27 to make one cup of lemonade. On the last day Zoya sells it for only ₹19. How much is the loss on one (in ₹)?
  22. 22.One cup of lemonade costs Farhan ₹34 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.It costs ₹59 to make one painted pebble. Farhan sells it for ₹65. What is the profit on one (in ₹)?
  25. 25.It costs ₹13 to make one handmade card. On the last day Saanvi sells it for only ₹5. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
  28. 28.Ananya makes 24 friendship bands at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  29. 29.One friendship band costs ₹9 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.One friendship band costs ₹51 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  31. 31.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.It costs ₹6 to make one clay diya. Zoya sells it for ₹7. What is the profit on one (in ₹)?
  36. 36.It costs ₹29 to make one clay diya. On the last day Farhan sells it for only ₹22. How much is the loss on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) False (b) True
  38. 38.It costs ₹48 to make one friendship band. On the last day Riya sells it for only ₹45. How much is the loss on one (in ₹)?
  39. 39.True or false: “cost of making one” is the selling price. (a) True (b) False
  40. 40.Aarav makes 14 cups of lemonade at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?

Answer key

  1. 50
  2. SP less than CP
  3. 3
  4. Profit
  5. what it cost you
  6. 40
  7. what the buyer pays
  8. 120
  9. cost price
  10. 2
  11. cost price
  12. 288
  13. selling price
  14. True
  15. 38
  16. Loss
  17. Profit
  18. True
  19. 20
  20. False
  21. 8
  22. Loss
  23. True
  24. 6
  25. 8
  26. cost price
  27. True
  28. 360
  29. 26
  30. 59
  31. SP more than CP
  32. selling price
  33. False
  34. False
  35. 1
  36. 7
  37. True
  38. 3
  39. False
  40. 126

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