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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 5 · 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 clay diya costs ₹54 to make. Zoya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  2. 2.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  3. 3.One fruit cup costs Farhan ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.True or false: “money got from a sale” is the selling price. (a) True (b) False
  7. 7.It costs ₹8 to make one friendship band. On the last day Gurpreet sells it for only ₹6. How much is the loss on one (in ₹)?
  8. 8.True or false: “the price on your board” is the cost price. (a) False (b) True
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  10. 10.It costs ₹23 to make one glass of chai. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  11. 11.One paper bookmark costs Ishaan ₹50 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.It costs ₹37 to make one clay diya. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  14. 14.It costs ₹15 to make one jute bag. Kabir sells it for ₹26. What is the profit on one (in ₹)?
  15. 15.It costs ₹55 to make one jute bag. On the last day Ishaan sells it for only ₹46. How much is the loss on one (in ₹)?
  16. 16.It costs ₹21 to make one cup of lemonade. On the last day Farhan sells it for only ₹18. How much is the loss on one (in ₹)?
  17. 17.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  18. 18.It costs ₹58 to make one potted plant. Ananya sells it for ₹61. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹13 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  20. 20.One painted pebble costs Saanvi ₹17 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹35 to make one potted plant. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.It costs ₹43 to make one friendship band. Nisha sells it for ₹55. What is the profit on one (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  27. 27.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  28. 28.One paper bookmark costs ₹33 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.One painted pebble costs ₹34 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹22 to make one potted plant. On the last day Arjun sells it for only ₹19. How much is the loss on one (in ₹)?
  31. 31.One friendship band costs Lakshmi ₹43 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One glass of chai costs Vihaan ₹36 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.Farhan makes 28 handmade cards at a cost of ₹26 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.Lakshmi makes 22 painted pebbles at a cost of ₹6 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  36. 36.One jute bag costs ₹5 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  37. 37.One jute bag costs ₹18 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  39. 39.One clay diya costs ₹30 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.Diya makes 10 clay diyas at a cost of ₹23 each and sells all of them at ₹28 each. What is the total profit (in ₹)?

Answer key

  1. 70
  2. what the buyer pays
  3. Profit
  4. cost price
  5. selling price
  6. True
  7. 2
  8. False
  9. SP less than CP
  10. 3
  11. Loss
  12. cost price
  13. 15
  14. 11
  15. 9
  16. 3
  17. SP more than CP
  18. 3
  19. 23
  20. Loss
  21. 12
  22. selling price
  23. cost price
  24. 12
  25. False
  26. cost price
  27. what it cost you
  28. 46
  29. 52
  30. 3
  31. Loss
  32. Loss
  33. 364
  34. True
  35. 66
  36. 11
  37. 23
  38. selling price
  39. 35
  40. 50

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