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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 443 · 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: money spent to get it? (a) selling price (b) cost price
  2. 2.One paper bookmark costs ₹46 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.It costs ₹16 to make one friendship band. Kabir sells it for ₹21. What is the profit on one (in ₹)?
  6. 6.It costs ₹22 to make one handmade card. On the last day Aarav sells it for only ₹19. How much is the loss on one (in ₹)?
  7. 7.True or false: “money spent to get it” is the selling price. (a) False (b) True
  8. 8.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.One jute bag costs Diya ₹57 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.One clay diya costs ₹49 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.One fruit cup costs ₹32 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  17. 17.Nisha makes 6 friendship bands at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  18. 18.True or false: “cost of making one” is the cost price. (a) False (b) True
  19. 19.One friendship band costs ₹41 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.Diya makes 22 clay diyas at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  23. 23.It costs ₹50 to make one jute bag. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  24. 24.Joseph makes 7 cups of lemonade at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  26. 26.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  27. 27.It costs ₹17 to make one bag of popcorn. On the last day Nisha sells it for only ₹8. How much is the loss on one (in ₹)?
  28. 28.One friendship band costs ₹26 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  30. 30.It costs ₹44 to make one jute bag. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.One paper bookmark costs Farhan ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹61 to make one glass of chai. On the last day Saanvi sells it for only ₹51. How much is the loss on one (in ₹)?
  34. 34.It costs ₹38 to make one potted plant. Lakshmi sells it for ₹48. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs Lakshmi ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One clay diya costs Rohan ₹55 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹56 to make one glass of chai. On the last day Diya sells it for only ₹46. How much is the loss on one (in ₹)?
  38. 38.It costs ₹27 to make one jute bag. Lakshmi sells it for ₹44. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  40. 40.One handmade card costs ₹10 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. 52
  3. False
  4. selling price
  5. 5
  6. 3
  7. False
  8. what the buyer pays
  9. selling price
  10. Loss
  11. what it cost you
  12. selling price
  13. 54
  14. cost price
  15. True
  16. 47
  17. 18
  18. True
  19. 47
  20. cost price
  21. True
  22. 66
  23. 6
  24. 35
  25. False
  26. SP more than CP
  27. 9
  28. 37
  29. SP less than CP
  30. 3
  31. selling price
  32. Profit
  33. 10
  34. 10
  35. Loss
  36. Profit
  37. 10
  38. 17
  39. cost price
  40. 26

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