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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 508 · 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.It costs ₹27 to make one painted pebble. Riya sells it for ₹28. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.Nisha makes 6 cupcakes at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.One clay diya costs ₹23 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹55 to make one clay diya. Joseph sells it for ₹75. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
  10. 10.It costs ₹34 to make one paper bookmark. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.One clay diya costs ₹58 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  13. 13.One cup of lemonade costs Gurpreet ₹52 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One cupcake costs Lakshmi ₹40 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  16. 16.It costs ₹58 to make one fruit cup. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.One potted plant costs Kabir ₹42 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One handmade card costs ₹13 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.One painted pebble costs Saanvi ₹20 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹26 to make one handmade card. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  23. 23.Ananya makes 23 glasses of chai at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  24. 24.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  25. 25.It costs ₹56 to make one jute bag. On the last day Farhan sells it for only ₹47. How much is the loss on one (in ₹)?
  26. 26.It costs ₹30 to make one paper bookmark. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.Kabir makes 13 fruit cups at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  29. 29.One painted pebble costs Riya ₹60 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹55 to make one friendship band. Ishaan sells it for ₹70. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  32. 32.It costs ₹40 to make one potted plant. Nisha sells it for ₹48. What is the profit on one (in ₹)?
  33. 33.It costs ₹63 to make one paper bookmark. On the last day Vihaan sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.It costs ₹25 to make one friendship band. On the last day Ananya sells it for only ₹16. How much is the loss on one (in ₹)?
  35. 35.It costs ₹46 to make one paper bookmark. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  36. 36.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  37. 37.Riya makes 9 handmade cards at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  38. 38.One paper bookmark costs ₹42 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.One paper bookmark costs Vihaan ₹25 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One jute bag costs Kavya ₹38 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 1
  2. selling price
  3. selling price
  4. 42
  5. cost price
  6. 33
  7. 20
  8. cost price
  9. False
  10. 16
  11. cost price
  12. 75
  13. Loss
  14. Loss
  15. SP less than CP
  16. 10
  17. selling price
  18. False
  19. Loss
  20. 21
  21. Loss
  22. 18
  23. 345
  24. what the buyer pays
  25. 9
  26. 10
  27. True
  28. 26
  29. Profit
  30. 15
  31. what it cost you
  32. 8
  33. 8
  34. 9
  35. 3
  36. SP more than CP
  37. 90
  38. 50
  39. Loss
  40. Loss

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