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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 523 · 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 ₹55 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.One clay diya costs ₹14 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  6. 6.One glass of chai costs Lakshmi ₹22 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One clay diya costs ₹7 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.Arjun makes 18 cups of lemonade at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.It costs ₹18 to make one friendship band. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  13. 13.One paper bookmark costs Ananya ₹53 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.One handmade card costs Ishaan ₹40 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.True or false: “what you paid for it” is the cost price. (a) True (b) False
  17. 17.One painted pebble costs ₹29 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.True or false: “what a customer pays” is the selling price. (a) False (b) True
  20. 20.One cupcake costs ₹34 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹40 to make one handmade card. On the last day Rohan sells it for only ₹30. How much is the loss on one (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  24. 24.One clay diya costs Ananya ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹18 to make one paper bookmark. On the last day Gurpreet sells it for only ₹10. How much is the loss on one (in ₹)?
  26. 26.It costs ₹60 to make one clay diya. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
  27. 27.It costs ₹14 to make one jute bag. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.It costs ₹56 to make one cup of lemonade. Gurpreet sells it for ₹60. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹24 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹44 to make one friendship band. On the last day Meera sells it for only ₹39. How much is the loss on one (in ₹)?
  32. 32.One friendship band costs Farhan ₹39 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  34. 34.It costs ₹16 to make one paper bookmark. On the last day Diya sells it for only ₹14. How much is the loss on one (in ₹)?
  35. 35.One jute bag costs ₹51 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  37. 37.It costs ₹52 to make one friendship band. On the last day Tara sells it for only ₹46. How much is the loss on one (in ₹)?
  38. 38.It costs ₹11 to make one handmade card. On the last day Riya sells it for only ₹6. How much is the loss on one (in ₹)?
  39. 39.Riya makes 23 painted pebbles at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  40. 40.It costs ₹15 to make one cupcake. On the last day Diya sells it for only ₹8. How much is the loss on one (in ₹)?

Answer key

  1. 74
  2. selling price
  3. what the buyer pays
  4. cost price
  5. 25
  6. Loss
  7. 11
  8. 72
  9. cost price
  10. selling price
  11. 1
  12. what it cost you
  13. Loss
  14. Profit
  15. False
  16. True
  17. 31
  18. False
  19. True
  20. 37
  21. 10
  22. False
  23. SP more than CP
  24. Loss
  25. 8
  26. 4
  27. 20
  28. cost price
  29. 4
  30. 29
  31. 5
  32. Loss
  33. SP less than CP
  34. 2
  35. 64
  36. cost price
  37. 6
  38. 5
  39. 23
  40. 7

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