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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 445 · 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 handmade card costs Kabir ₹39 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One handmade card costs Dev ₹52 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.Lakshmi makes 24 cups of lemonade at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  5. 5.True or false: “the price you sell at” is the selling price. (a) True (b) False
  6. 6.True or false: “what a customer pays” is the selling price. (a) True (b) False
  7. 7.It costs ₹9 to make one fruit cup. Lakshmi sells it for ₹28. What is the profit on one (in ₹)?
  8. 8.Farhan makes 22 clay diyas at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  9. 9.One cupcake costs ₹20 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.Dev makes 7 glasses of chai at a cost of ₹29 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  12. 12.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.One glass of chai costs ₹59 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹22 to make one cupcake. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  17. 17.It costs ₹58 to make one jute bag. On the last day Kavya sells it for only ₹55. How much is the loss on one (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) True (b) False
  19. 19.One glass of chai costs Nisha ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  21. 21.It costs ₹15 to make one bag of popcorn. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) False (b) True
  23. 23.True or false: “what a customer pays” is the cost price. (a) False (b) True
  24. 24.It costs ₹42 to make one potted plant. Farhan sells it for ₹62. What is the profit on one (in ₹)?
  25. 25.Riya makes 12 painted pebbles at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  26. 26.One fruit cup costs Lakshmi ₹47 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹19 to make one handmade card. Rohan sells it for ₹20. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.One cupcake costs Ishaan ₹44 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  31. 31.Riya makes 11 clay diyas at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  34. 34.Meera makes 8 handmade cards at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.It costs ₹64 to make one clay diya. On the last day Farhan sells it for only ₹59. How much is the loss on one (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) False (b) True
  38. 38.It costs ₹53 to make one painted pebble. Farhan sells it for ₹73. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹34 to make. Tara wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  40. 40.One clay diya costs Rohan ₹46 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. Loss
  2. Loss
  3. cost price
  4. 288
  5. True
  6. True
  7. 19
  8. 154
  9. 34
  10. False
  11. 84
  12. SP less than CP
  13. True
  14. 68
  15. 7
  16. SP more than CP
  17. 3
  18. False
  19. Profit
  20. what it cost you
  21. 1
  22. True
  23. False
  24. 20
  25. 24
  26. Loss
  27. 1
  28. cost price
  29. Loss
  30. what the buyer pays
  31. 55
  32. True
  33. selling price
  34. 64
  35. cost price
  36. 5
  37. False
  38. 20
  39. 47
  40. Profit

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