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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 531 · 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 ₹13 to make one jute bag. Tara sells it for ₹16. What is the profit on one (in ₹)?
  2. 2.One handmade card costs Lakshmi ₹40 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.True or false: “money spent to get it” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.It costs ₹57 to make one cup of lemonade. Joseph sells it for ₹70. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.It costs ₹58 to make one potted plant. On the last day Aarav sells it for only ₹52. How much is the loss on one (in ₹)?
  8. 8.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.One paper bookmark costs Rohan ₹54 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.Nisha makes 11 friendship bands at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  13. 13.Rohan makes 29 fruit cups at a cost of ₹5 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  14. 14.It costs ₹24 to make one friendship band. Farhan sells it for ₹40. What is the profit on one (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) False (b) True
  16. 16.True or false: “the price you sell at” is the selling price. (a) False (b) True
  17. 17.True or false: “money got from a sale” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  19. 19.One cup of lemonade costs ₹12 to make. Tara wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.One friendship band costs ₹9 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  21. 21.Joseph makes 22 clay diyas at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  22. 22.It costs ₹8 to make one friendship band. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  23. 23.It costs ₹20 to make one friendship band. On the last day Dev sells it for only ₹11. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  27. 27.It costs ₹19 to make one painted pebble. Rohan sells it for ₹24. What is the profit on one (in ₹)?
  28. 28.It costs ₹42 to make one handmade card. Diya sells it for ₹43. What is the profit on one (in ₹)?
  29. 29.True or false: “what a customer pays” is the selling price. (a) True (b) False
  30. 30.It costs ₹47 to make one cupcake. Tara sells it for ₹59. What is the profit on one (in ₹)?
  31. 31.It costs ₹51 to make one jute bag. On the last day Joseph sells it for only ₹44. How much is the loss on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.Aarav makes 20 clay diyas at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  35. 35.True or false: “what you paid for it” is the selling price. (a) False (b) True
  36. 36.Diya makes 19 friendship bands at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) False (b) True
  38. 38.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  39. 39.Zoya makes 25 glasses of chai at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  40. 40.One handmade card costs Ananya ₹52 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 3
  2. Profit
  3. False
  4. cost price
  5. 13
  6. cost price
  7. 6
  8. SP less than CP
  9. selling price
  10. Profit
  11. cost price
  12. 110
  13. 261
  14. 16
  15. False
  16. True
  17. False
  18. cost price
  19. 27
  20. 10
  21. 22
  22. 3
  23. 9
  24. what it cost you
  25. selling price
  26. what the buyer pays
  27. 5
  28. 1
  29. True
  30. 12
  31. 7
  32. True
  33. selling price
  34. 100
  35. False
  36. 152
  37. False
  38. SP more than CP
  39. 200
  40. Profit

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