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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 616 · 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.True or false: “what a customer pays” is the cost price. (a) True (b) False
  2. 2.It costs ₹50 to make one handmade card. On the last day Saanvi sells it for only ₹43. How much is the loss on one (in ₹)?
  3. 3.One potted plant costs Gurpreet ₹19 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹21 to make one glass of chai. Dev sells it for ₹35. What is the profit on one (in ₹)?
  5. 5.It costs ₹18 to make one fruit cup. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  8. 8.It costs ₹12 to make one paper bookmark. Saanvi sells it for ₹23. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.Aarav makes 18 clay diyas at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  12. 12.It costs ₹62 to make one glass of chai. On the last day Vihaan sells it for only ₹53. How much is the loss on one (in ₹)?
  13. 13.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  14. 14.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  15. 15.One handmade card costs ₹31 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.One cup of lemonade costs ₹37 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.It costs ₹60 to make one cup of lemonade. Tara sells it for ₹66. What is the profit on one (in ₹)?
  21. 21.It costs ₹25 to make one friendship band. On the last day Nisha sells it for only ₹19. How much is the loss on one (in ₹)?
  22. 22.It costs ₹40 to make one glass of chai. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
  23. 23.Aarav makes 16 paper bookmarks at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  24. 24.It costs ₹15 to make one cup of lemonade. Kabir sells it for ₹29. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹43 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.One jute bag costs ₹9 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹30 to make one glass of chai. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  28. 28.One cupcake costs Farhan ₹60 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹23 to make one clay diya. Nisha sells it for ₹43. What is the profit on one (in ₹)?
  30. 30.It costs ₹21 to make one glass of chai. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  31. 31.Meera makes 25 clay diyas at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.Ananya makes 25 jute bags at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  34. 34.It costs ₹50 to make one fruit cup. On the last day Tara sells it for only ₹43. How much is the loss on one (in ₹)?
  35. 35.It costs ₹7 to make one paper bookmark. Farhan sells it for ₹13. What is the profit on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.It costs ₹60 to make one friendship band. On the last day Kabir sells it for only ₹51. How much is the loss on one (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.True or false: “the price on your board” is the cost price. (a) True (b) False
  40. 40.It costs ₹13 to make one jute bag. Aarav sells it for ₹20. What is the profit on one (in ₹)?

Answer key

  1. False
  2. 7
  3. Loss
  4. 14
  5. 7
  6. SP more than CP
  7. SP less than CP
  8. 11
  9. True
  10. cost price
  11. 126
  12. 9
  13. what the buyer pays
  14. what it cost you
  15. 32
  16. selling price
  17. selling price
  18. 56
  19. cost price
  20. 6
  21. 6
  22. 9
  23. 208
  24. 14
  25. 56
  26. 23
  27. 9
  28. Profit
  29. 20
  30. 6
  31. 325
  32. False
  33. 25
  34. 7
  35. 6
  36. False
  37. 9
  38. True
  39. False
  40. 7

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