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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 651 · 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.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  2. 2.One paper bookmark costs Lakshmi ₹40 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One jute bag costs ₹29 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.It costs ₹35 to make one glass of chai. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  8. 8.Saanvi makes 11 friendship bands at a cost of ₹23 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.Kavya makes 21 clay diyas at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  11. 11.It costs ₹11 to make one cup of lemonade. Riya sells it for ₹29. What is the profit on one (in ₹)?
  12. 12.True or false: “the price on your board” is the selling price. (a) False (b) True
  13. 13.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  14. 14.True or false: “money got from a sale” is the cost price. (a) False (b) True
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.It costs ₹30 to make one friendship band. On the last day Lakshmi sells it for only ₹27. How much is the loss on one (in ₹)?
  17. 17.Diya makes 29 friendship bands at a cost of ₹8 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.It costs ₹61 to make one friendship band. On the last day Ananya sells it for only ₹51. How much is the loss on one (in ₹)?
  21. 21.It costs ₹37 to make one fruit cup. On the last day Ananya sells it for only ₹34. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.Saanvi makes 12 clay diyas at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.One cupcake costs Ishaan ₹46 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Aarav makes 25 paper bookmarks at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  27. 27.One potted plant costs Farhan ₹33 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.It costs ₹16 to make one bag of popcorn. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  30. 30.Meera makes 18 glasses of chai at a cost of ₹18 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  31. 31.It costs ₹61 to make one painted pebble. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  32. 32.True or false: “the price on your board” is the cost price. (a) True (b) False
  33. 33.True or false: “cost of making one” is the cost price. (a) False (b) True
  34. 34.It costs ₹29 to make one handmade card. Ishaan sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹15 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  37. 37.It costs ₹25 to make one fruit cup. Joseph sells it for ₹36. What is the profit on one (in ₹)?
  38. 38.True or false: “the price you sell at” is the cost price. (a) False (b) True
  39. 39.Diya makes 20 potted plants at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  40. 40.Ishaan makes 19 glasses of chai at a cost of ₹8 each and sells all of them at ₹14 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. Loss
  3. 47
  4. False
  5. 5
  6. selling price
  7. SP more than CP
  8. 55
  9. cost price
  10. 252
  11. 18
  12. True
  13. what the buyer pays
  14. False
  15. False
  16. 3
  17. 145
  18. what it cost you
  19. True
  20. 10
  21. 3
  22. selling price
  23. 168
  24. selling price
  25. Loss
  26. 325
  27. Profit
  28. cost price
  29. 6
  30. 126
  31. 7
  32. False
  33. True
  34. 1
  35. 25
  36. True
  37. 11
  38. False
  39. 260
  40. 114

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