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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 467 · 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 potted plant costs Diya ₹27 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹15 to make one clay diya. On the last day Meera sells it for only ₹7. How much is the loss on one (in ₹)?
  3. 3.One clay diya costs ₹24 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  4. 4.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  5. 5.It costs ₹37 to make one paper bookmark. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
  6. 6.Kabir makes 13 jute bags at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  7. 7.It costs ₹62 to make one jute bag. On the last day Saanvi sells it for only ₹60. How much is the loss on one (in ₹)?
  8. 8.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  9. 9.True or false: “what you paid for it” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.True or false: “what a customer pays” is the selling price. (a) True (b) False
  12. 12.It costs ₹54 to make one cup of lemonade. On the last day Diya sells it for only ₹47. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.Diya makes 27 glasses of chai at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.It costs ₹43 to make one handmade card. On the last day Gurpreet sells it for only ₹40. How much is the loss on one (in ₹)?
  19. 19.It costs ₹30 to make one handmade card. On the last day Dev sells it for only ₹25. How much is the loss on one (in ₹)?
  20. 20.One handmade card costs Vihaan ₹57 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  23. 23.One cupcake costs ₹56 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹59 to make one jute bag. Joseph sells it for ₹75. What is the profit on one (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
  26. 26.One potted plant costs ₹5 to make. Ananya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.One potted plant costs Tara ₹36 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One clay diya costs Ishaan ₹46 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹40 to make one jute bag. Meera sells it for ₹54. What is the profit on one (in ₹)?
  30. 30.Diya makes 7 handmade cards at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  31. 31.It costs ₹7 to make one cupcake. Farhan sells it for ₹19. What is the profit on one (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
  35. 35.One friendship band costs ₹41 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹48 to make one clay diya. Kavya sells it for ₹60. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹54 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.Arjun makes 9 painted pebbles at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  40. 40.It costs ₹54 to make one glass of chai. On the last day Zoya sells it for only ₹49. How much is the loss on one (in ₹)?

Answer key

  1. Loss
  2. 8
  3. 43
  4. what the buyer pays
  5. 2
  6. 26
  7. 2
  8. SP less than CP
  9. True
  10. selling price
  11. True
  12. 7
  13. what it cost you
  14. True
  15. 297
  16. cost price
  17. selling price
  18. 3
  19. 5
  20. Loss
  21. selling price
  22. SP more than CP
  23. 74
  24. 16
  25. False
  26. 17
  27. Profit
  28. Profit
  29. 14
  30. 42
  31. 12
  32. False
  33. cost price
  34. False
  35. 48
  36. 12
  37. 74
  38. cost price
  39. 63
  40. 5

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