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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 660 · 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 equal to CP (b) SP less than CP (c) always (d) SP more than CP
  2. 2.One clay diya costs ₹59 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  5. 5.True or false: “what a customer pays” is the selling price. (a) False (b) True
  6. 6.It costs ₹61 to make one bag of popcorn. On the last day Ananya sells it for only ₹59. How much is the loss on one (in ₹)?
  7. 7.One clay diya costs Meera ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹44 to make one cupcake. Joseph sells it for ₹53. What is the profit on one (in ₹)?
  9. 9.One fruit cup costs ₹9 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.One paper bookmark costs Nisha ₹22 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.It costs ₹58 to make one bag of popcorn. On the last day Rohan sells it for only ₹48. How much is the loss on one (in ₹)?
  16. 16.One cup of lemonade costs ₹15 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) False (b) True
  18. 18.Lakshmi makes 13 paper bookmarks at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  19. 19.It costs ₹12 to make one fruit cup. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  20. 20.It costs ₹48 to make one fruit cup. On the last day Ishaan sells it for only ₹47. How much is the loss on one (in ₹)?
  21. 21.Lakshmi makes 22 handmade cards at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  22. 22.It costs ₹33 to make one fruit cup. Nisha sells it for ₹34. What is the profit on one (in ₹)?
  23. 23.It costs ₹5 to make one potted plant. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹38 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  25. 25.One glass of chai costs ₹40 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹25 to make one handmade card. On the last day Kabir sells it for only ₹17. How much is the loss on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) False (b) True
  28. 28.Arjun makes 20 friendship bands at a cost of ₹29 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  30. 30.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  31. 31.It costs ₹39 to make one paper bookmark. Nisha sells it for ₹59. What is the profit on one (in ₹)?
  32. 32.It costs ₹21 to make one clay diya. Kabir sells it for ₹35. What is the profit on one (in ₹)?
  33. 33.One potted plant costs Gurpreet ₹37 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹9 to make one clay diya. Lakshmi sells it for ₹10. What is the profit on one (in ₹)?
  35. 35.It costs ₹7 to make one jute bag. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  36. 36.It costs ₹41 to make one cupcake. Tara sells it for ₹61. What is the profit on one (in ₹)?
  37. 37.One cupcake costs Ananya ₹22 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One potted plant costs ₹26 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.It costs ₹63 to make one paper bookmark. On the last day Zoya sells it for only ₹60. How much is the loss on one (in ₹)?

Answer key

  1. SP less than CP
  2. 63
  3. True
  4. what the buyer pays
  5. True
  6. 2
  7. Loss
  8. 9
  9. 12
  10. True
  11. True
  12. Profit
  13. cost price
  14. selling price
  15. 10
  16. 29
  17. False
  18. 130
  19. 2
  20. 1
  21. 66
  22. 1
  23. 16
  24. 43
  25. 51
  26. 8
  27. False
  28. 160
  29. what it cost you
  30. SP more than CP
  31. 20
  32. 14
  33. Loss
  34. 1
  35. 2
  36. 20
  37. Loss
  38. 41
  39. cost price
  40. 3

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