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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 661 · 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.

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  1. 1.It costs ₹56 to make one bag of popcorn. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹39 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.It costs ₹18 to make one handmade card. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  5. 5.It costs ₹31 to make one handmade card. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  7. 7.True or false: “the price you sell at” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.True or false: “money got from a sale” is the selling price. (a) False (b) True
  11. 11.One bag of popcorn costs ₹44 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  12. 12.One paper bookmark costs Farhan ₹42 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹30 to make one fruit cup. On the last day Diya sells it for only ₹22. How much is the loss on one (in ₹)?
  14. 14.One clay diya costs Diya ₹42 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  16. 16.One handmade card costs Vihaan ₹56 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One painted pebble costs Vihaan ₹54 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  21. 21.It costs ₹23 to make one jute bag. Meera sells it for ₹41. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.It costs ₹60 to make one potted plant. Tara sells it for ₹63. What is the profit on one (in ₹)?
  24. 24.One cupcake costs Vihaan ₹47 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹34 to make one bag of popcorn. On the last day Tara sells it for only ₹26. How much is the loss on one (in ₹)?
  26. 26.One painted pebble costs ₹20 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹37 to make one clay diya. Ananya sells it for ₹40. What is the profit on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  30. 30.One glass of chai costs Dev ₹35 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One cupcake costs Rohan ₹27 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “what you paid for it” is the selling price. (a) False (b) True
  33. 33.It costs ₹9 to make one cup of lemonade. Riya sells it for ₹12. What is the profit on one (in ₹)?
  34. 34.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  35. 35.It costs ₹20 to make one handmade card. On the last day Aarav sells it for only ₹17. How much is the loss on one (in ₹)?
  36. 36.It costs ₹47 to make one paper bookmark. On the last day Farhan sells it for only ₹38. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  38. 38.One fruit cup costs Kabir ₹35 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One clay diya costs ₹25 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price

Answer key

  1. 6
  2. 47
  3. selling price
  4. 9
  5. 9
  6. True
  7. True
  8. what it cost you
  9. False
  10. True
  11. 61
  12. Loss
  13. 8
  14. Profit
  15. what the buyer pays
  16. Loss
  17. Loss
  18. selling price
  19. selling price
  20. SP less than CP
  21. 18
  22. cost price
  23. 3
  24. Loss
  25. 8
  26. 22
  27. 3
  28. False
  29. False
  30. Profit
  31. Loss
  32. False
  33. 3
  34. SP more than CP
  35. 3
  36. 9
  37. cost price
  38. Loss
  39. 40
  40. selling price

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