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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 424 · 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 or selling price: cost of making one? (a) cost price (b) selling price
  2. 2.It costs ₹23 to make one potted plant. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  3. 3.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  4. 4.Nisha makes 11 clay diyas at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.Vihaan makes 11 painted pebbles at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  8. 8.It costs ₹7 to make one jute bag. Diya sells it for ₹19. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  10. 10.One painted pebble costs Nisha ₹36 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.One clay diya costs ₹20 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  14. 14.It costs ₹11 to make one handmade card. Diya sells it for ₹22. What is the profit on one (in ₹)?
  15. 15.Ananya makes 13 jute bags at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  16. 16.It costs ₹14 to make one painted pebble. Nisha sells it for ₹18. What is the profit on one (in ₹)?
  17. 17.It costs ₹21 to make one cupcake. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.It costs ₹31 to make one fruit cup. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?
  20. 20.One handmade card costs Diya ₹35 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹33 to make one clay diya. On the last day Farhan sells it for only ₹23. How much is the loss on one (in ₹)?
  22. 22.One paper bookmark costs Vihaan ₹42 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One paper bookmark costs ₹19 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  24. 24.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  25. 25.One painted pebble costs ₹54 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “the price on your board” is the selling price. (a) False (b) True
  27. 27.One bag of popcorn costs ₹9 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹20 to make one jute bag. Farhan sells it for ₹28. What is the profit on one (in ₹)?
  29. 29.One clay diya costs Ishaan ₹23 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.It costs ₹62 to make one jute bag. On the last day Vihaan sells it for only ₹52. How much is the loss on one (in ₹)?
  32. 32.One potted plant costs Dev ₹34 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹18 to make one handmade card. Aarav sells it for ₹28. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.True or false: “the price you sell at” is the selling price. (a) True (b) False
  36. 36.One cup of lemonade costs Vihaan ₹20 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹58 to make one fruit cup. Riya sells it for ₹77. What is the profit on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the cost price. (a) False (b) True
  39. 39.Ananya makes 18 paper bookmarks at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. cost price
  2. 3
  3. SP less than CP
  4. 110
  5. False
  6. cost price
  7. 33
  8. 12
  9. selling price
  10. Profit
  11. selling price
  12. 31
  13. what it cost you
  14. 11
  15. 156
  16. 4
  17. 5
  18. True
  19. 2
  20. Profit
  21. 10
  22. Loss
  23. 24
  24. what the buyer pays
  25. 64
  26. True
  27. 25
  28. 8
  29. Loss
  30. selling price
  31. 10
  32. Profit
  33. 10
  34. selling price
  35. True
  36. Loss
  37. 19
  38. False
  39. 90
  40. True

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