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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 595 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.It costs ₹42 to make one glass of chai. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  4. 4.One cupcake costs Saanvi ₹22 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹26 to make one paper bookmark. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  6. 6.True or false: “money got from a sale” is the cost price. (a) True (b) False
  7. 7.It costs ₹42 to make one clay diya. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  8. 8.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  9. 9.It costs ₹34 to make one bag of popcorn. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  11. 11.One paper bookmark costs ₹31 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹43 to make one jute bag. On the last day Arjun sells it for only ₹42. How much is the loss on one (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  14. 14.One potted plant costs Ishaan ₹30 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹28 to make one jute bag. Farhan sells it for ₹43. What is the profit on one (in ₹)?
  16. 16.Tara makes 11 clay diyas at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹6 to make one paper bookmark. Saanvi sells it for ₹22. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹36 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹35 to make one handmade card. On the last day Ananya sells it for only ₹25. How much is the loss on one (in ₹)?
  22. 22.It costs ₹25 to make one jute bag. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  23. 23.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  24. 24.It costs ₹34 to make one painted pebble. Ananya sells it for ₹44. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.Kabir makes 23 handmade cards at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  27. 27.It costs ₹41 to make one paper bookmark. Gurpreet sells it for ₹56. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹35 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  29. 29.One fruit cup costs ₹36 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.One fruit cup costs ₹25 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹47 to make one painted pebble. Kabir sells it for ₹65. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹58 to make. Nisha wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.It costs ₹69 to make one painted pebble. On the last day Lakshmi sells it for only ₹60. How much is the loss on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the cost price. (a) False (b) True
  36. 36.One potted plant costs Joseph ₹56 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One handmade card costs ₹16 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs Gurpreet ₹17 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “cost of making one” is the cost price. (a) True (b) False
  40. 40.Nisha makes 27 paper bookmarks at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. selling price
  3. 12
  4. Loss
  5. 5
  6. False
  7. 20
  8. what the buyer pays
  9. 17
  10. what it cost you
  11. 34
  12. 1
  13. SP less than CP
  14. Profit
  15. 15
  16. 55
  17. True
  18. cost price
  19. 16
  20. 52
  21. 10
  22. 2
  23. SP more than CP
  24. 10
  25. cost price
  26. 69
  27. 15
  28. 38
  29. 54
  30. 27
  31. 18
  32. 75
  33. selling price
  34. 9
  35. False
  36. Loss
  37. 24
  38. Profit
  39. True
  40. 216

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