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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 603 · 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.It costs ₹63 to make one handmade card. On the last day Diya sells it for only ₹60. How much is the loss on one (in ₹)?
  2. 2.It costs ₹22 to make one handmade card. Arjun sells it for ₹31. What is the profit on one (in ₹)?
  3. 3.It costs ₹52 to make one potted plant. Kavya sells it for ₹53. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs Joseph ₹60 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  6. 6.One cup of lemonade costs ₹10 to make. Joseph wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  7. 7.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  9. 9.It costs ₹60 to make one paper bookmark. On the last day Joseph sells it for only ₹50. How much is the loss on one (in ₹)?
  10. 10.Vihaan makes 7 jute bags at a cost of ₹23 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  11. 11.It costs ₹37 to make one handmade card. Dev sells it for ₹55. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs Rohan ₹59 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One glass of chai costs ₹60 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹48 to make one jute bag. Vihaan sells it for ₹67. What is the profit on one (in ₹)?
  15. 15.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  17. 17.One friendship band costs Tara ₹50 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹28 to make one paper bookmark. Riya sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.True or false: “what a customer pays” is the cost price. (a) True (b) False
  22. 22.One glass of chai costs Kavya ₹17 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹57 to make one clay diya. Farhan sells it for ₹59. What is the profit on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.One friendship band costs ₹40 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money got from a sale” is the selling price. (a) False (b) True
  27. 27.It costs ₹35 to make one handmade card. Kabir sells it for ₹36. What is the profit on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) True (b) False
  29. 29.Meera makes 18 glasses of chai at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price on your board” is the selling price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  32. 32.It costs ₹46 to make one friendship band. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  33. 33.Joseph makes 5 cups of lemonade at a cost of ₹30 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  36. 36.It costs ₹61 to make one paper bookmark. On the last day Zoya sells it for only ₹58. How much is the loss on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) True (b) False
  38. 38.It costs ₹56 to make one friendship band. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
  39. 39.One painted pebble costs ₹58 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.One handmade card costs Ananya ₹58 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 3
  2. 9
  3. 1
  4. Loss
  5. SP more than CP
  6. 28
  7. what the buyer pays
  8. True
  9. 10
  10. 21
  11. 18
  12. Loss
  13. 72
  14. 19
  15. SP less than CP
  16. cost price
  17. Profit
  18. 3
  19. what it cost you
  20. True
  21. False
  22. Loss
  23. 2
  24. False
  25. 52
  26. True
  27. 1
  28. False
  29. 234
  30. True
  31. selling price
  32. 5
  33. 35
  34. False
  35. selling price
  36. 3
  37. False
  38. 2
  39. 59
  40. Loss

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