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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 667 · 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 ₹14 to make one paper bookmark. On the last day Diya sells it for only ₹11. How much is the loss on one (in ₹)?
  2. 2.Ishaan makes 14 handmade cards at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.It costs ₹65 to make one glass of chai. On the last day Tara sells it for only ₹57. How much is the loss on one (in ₹)?
  5. 5.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  6. 6.One cupcake costs ₹49 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.It costs ₹40 to make one glass of chai. Lakshmi sells it for ₹54. What is the profit on one (in ₹)?
  10. 10.One handmade card costs Ananya ₹25 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹41 to make one potted plant. On the last day Ananya sells it for only ₹36. How much is the loss on one (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.One paper bookmark costs Joseph ₹51 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  16. 16.Ishaan makes 26 glasses of chai at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.It costs ₹22 to make one handmade card. On the last day Nisha sells it for only ₹13. How much is the loss on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.True or false: “the price on your board” is the cost price. (a) True (b) False
  21. 21.One paper bookmark costs ₹10 to make. Saanvi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.It costs ₹32 to make one paper bookmark. On the last day Meera sells it for only ₹26. How much is the loss on one (in ₹)?
  25. 25.Riya makes 14 cupcakes at a cost of ₹9 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  26. 26.It costs ₹12 to make one clay diya. Dev sells it for ₹19. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs Kabir ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  29. 29.Meera makes 7 paper bookmarks at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  30. 30.It costs ₹31 to make one jute bag. On the last day Rohan sells it for only ₹21. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.One glass of chai costs ₹30 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹12 to make one painted pebble. Vihaan sells it for ₹15. What is the profit on one (in ₹)?
  34. 34.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.It costs ₹65 to make one cup of lemonade. On the last day Tara sells it for only ₹59. How much is the loss on one (in ₹)?
  39. 39.It costs ₹14 to make one cup of lemonade. Saanvi sells it for ₹22. What is the profit on one (in ₹)?
  40. 40.It costs ₹38 to make one potted plant. On the last day Aarav sells it for only ₹33. How much is the loss on one (in ₹)?

Answer key

  1. 3
  2. 140
  3. cost price
  4. 8
  5. what the buyer pays
  6. 68
  7. cost price
  8. cost price
  9. 14
  10. Loss
  11. 5
  12. False
  13. Loss
  14. True
  15. SP more than CP
  16. 130
  17. 9
  18. True
  19. cost price
  20. False
  21. 27
  22. False
  23. selling price
  24. 6
  25. 70
  26. 7
  27. Loss
  28. what it cost you
  29. 84
  30. 10
  31. selling price
  32. 34
  33. 3
  34. SP less than CP
  35. False
  36. selling price
  37. False
  38. 6
  39. 8
  40. 5

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