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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 673 · 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.One glass of chai costs ₹5 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  3. 3.True or false: “the price you sell at” is the selling price. (a) True (b) False
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.It costs ₹25 to make one handmade card. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  6. 6.It costs ₹50 to make one jute bag. Rohan sells it for ₹70. What is the profit on one (in ₹)?
  7. 7.True or false: “the price you sell at” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.It costs ₹16 to make one glass of chai. Zoya sells it for ₹21. What is the profit on one (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.Arjun makes 27 clay diyas at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  15. 15.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  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: the wholesale price paid? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  19. 19.Tara makes 6 fruit cups at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  20. 20.Tara makes 29 handmade cards at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  21. 21.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.It costs ₹17 to make one cupcake. On the last day Vihaan sells it for only ₹9. How much is the loss on one (in ₹)?
  26. 26.Vihaan makes 27 handmade cards at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  27. 27.One clay diya costs ₹60 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹12 to make one glass of chai. On the last day Gurpreet sells it for only ₹9. How much is the loss on one (in ₹)?
  29. 29.It costs ₹6 to make one paper bookmark. Arjun sells it for ₹14. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹16 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.One paper bookmark costs Diya ₹28 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.Vihaan makes 14 painted pebbles at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  33. 33.It costs ₹28 to make one paper bookmark. On the last day Ishaan sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.Nisha makes 14 bags of popcorn at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  35. 35.One friendship band costs Kavya ₹36 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹26 to make one glass of chai. On the last day Nisha sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.It costs ₹66 to make one bag of popcorn. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  38. 38.It costs ₹8 to make one cupcake. Dev sells it for ₹11. What is the profit on one (in ₹)?
  39. 39.One cupcake costs Meera ₹25 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹27 to make one jute bag. Ishaan sells it for ₹42. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. SP less than CP
  3. True
  4. False
  5. 9
  6. 20
  7. False
  8. cost price
  9. selling price
  10. True
  11. 5
  12. True
  13. False
  14. 351
  15. what the buyer pays
  16. selling price
  17. cost price
  18. cost price
  19. 66
  20. 406
  21. SP more than CP
  22. False
  23. what it cost you
  24. True
  25. 8
  26. 81
  27. 77
  28. 3
  29. 8
  30. 27
  31. Loss
  32. 84
  33. 6
  34. 42
  35. Loss
  36. 6
  37. 7
  38. 3
  39. Loss
  40. 15

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