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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 487 · 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.Lakshmi makes 11 fruit cups at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  2. 2.One clay diya costs ₹42 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  3. 3.Ananya makes 9 cups of lemonade at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.True or false: “the price on your board” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.One clay diya costs Diya ₹37 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.It costs ₹52 to make one friendship band. On the last day Nisha sells it for only ₹44. How much is the loss on one (in ₹)?
  15. 15.It costs ₹6 to make one painted pebble. Kavya sells it for ₹11. What is the profit on one (in ₹)?
  16. 16.It costs ₹29 to make one glass of chai. Aarav sells it for ₹42. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹10 to make. Tara wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  23. 23.One friendship band costs Diya ₹16 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.One painted pebble costs ₹31 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.One paper bookmark costs ₹15 to make. Arjun wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹42 to make one friendship band. Farhan sells it for ₹48. What is the profit on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.One handmade card costs ₹19 to make. Saanvi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  31. 31.One paper bookmark costs Saanvi ₹37 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹45 to make one fruit cup. Ishaan sells it for ₹50. What is the profit on one (in ₹)?
  33. 33.It costs ₹58 to make one fruit cup. Diya sells it for ₹67. What is the profit on one (in ₹)?
  34. 34.It costs ₹16 to make one painted pebble. Ishaan sells it for ₹24. What is the profit on one (in ₹)?
  35. 35.It costs ₹21 to make one clay diya. Aarav sells it for ₹28. What is the profit on one (in ₹)?
  36. 36.It costs ₹41 to make one glass of chai. On the last day Tara sells it for only ₹32. How much is the loss on one (in ₹)?
  37. 37.It costs ₹28 to make one paper bookmark. Meera sells it for ₹39. What is the profit on one (in ₹)?
  38. 38.True or false: “the price you sell at” is the selling price. (a) False (b) True
  39. 39.Riya makes 10 clay diyas at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  40. 40.It costs ₹15 to make one glass of chai. Diya sells it for ₹19. What is the profit on one (in ₹)?

Answer key

  1. 132
  2. 56
  3. 126
  4. cost price
  5. selling price
  6. False
  7. cost price
  8. SP more than CP
  9. False
  10. Profit
  11. cost price
  12. cost price
  13. False
  14. 8
  15. 5
  16. 13
  17. 23
  18. False
  19. selling price
  20. SP less than CP
  21. selling price
  22. what the buyer pays
  23. Loss
  24. False
  25. 33
  26. 22
  27. 6
  28. False
  29. 33
  30. what it cost you
  31. Loss
  32. 5
  33. 9
  34. 8
  35. 7
  36. 9
  37. 11
  38. True
  39. 20
  40. 4

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