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Profit and Loss for Kids Worksheet

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

Answer key

  1. True
  2. Loss
  3. 56
  4. 9
  5. True
  6. Profit
  7. cost price
  8. 1
  9. 30
  10. 4
  11. False
  12. selling price
  13. 2
  14. 180
  15. Profit
  16. 3
  17. selling price
  18. SP more than CP
  19. SP less than CP
  20. False
  21. 30
  22. what it cost you
  23. 7
  24. Profit
  25. 60
  26. 392
  27. 54
  28. selling price
  29. True
  30. 20
  31. 1
  32. True
  33. Loss
  34. False
  35. 130
  36. False
  37. cost price
  38. what the buyer pays
  39. cost price
  40. 1

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