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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 609 · 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 ₹60 to make one fruit cup. On the last day Kavya sells it for only ₹53. How much is the loss on one (in ₹)?
  2. 2.True or false: “what a customer pays” is the selling price. (a) False (b) True
  3. 3.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.Zoya makes 11 clay diyas at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  8. 8.It costs ₹32 to make one painted pebble. On the last day Vihaan sells it for only ₹31. How much is the loss on one (in ₹)?
  9. 9.One paper bookmark costs Kabir ₹43 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.True or false: “money spent to get it” is the selling price. (a) True (b) False
  11. 11.Rohan makes 24 clay diyas at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  12. 12.It costs ₹24 to make one potted plant. Rohan sells it for ₹40. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹39 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.It costs ₹17 to make one cupcake. Ananya sells it for ₹18. What is the profit on one (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) False (b) True
  18. 18.It costs ₹28 to make one paper bookmark. Dev sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.One friendship band costs Dev ₹24 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.One friendship band costs Nisha ₹41 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One cupcake costs ₹57 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.It costs ₹48 to make one paper bookmark. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.It costs ₹24 to make one glass of chai. Diya sells it for ₹44. What is the profit on one (in ₹)?
  28. 28.It costs ₹49 to make one clay diya. Saanvi sells it for ₹52. What is the profit on one (in ₹)?
  29. 29.One potted plant costs Rohan ₹40 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  31. 31.It costs ₹9 to make one clay diya. Ishaan sells it for ₹12. What is the profit on one (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.One glass of chai costs ₹54 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹33 to make one cup of lemonade. On the last day Farhan sells it for only ₹30. How much is the loss on one (in ₹)?
  36. 36.Nisha makes 22 friendship bands at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  37. 37.It costs ₹41 to make one friendship band. On the last day Zoya sells it for only ₹31. How much is the loss on one (in ₹)?
  38. 38.One handmade card costs Lakshmi ₹27 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One handmade card costs ₹16 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹12 to make one glass of chai. Vihaan sells it for ₹29. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. True
  3. what the buyer pays
  4. True
  5. SP less than CP
  6. selling price
  7. 22
  8. 1
  9. Profit
  10. False
  11. 264
  12. 16
  13. 57
  14. what it cost you
  15. selling price
  16. 1
  17. False
  18. 3
  19. Loss
  20. cost price
  21. Profit
  22. 71
  23. False
  24. selling price
  25. 8
  26. selling price
  27. 20
  28. 3
  29. Loss
  30. cost price
  31. 3
  32. True
  33. cost price
  34. 63
  35. 3
  36. 22
  37. 10
  38. Loss
  39. 32
  40. 17

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