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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 674 · 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.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  2. 2.Tara makes 30 cups of lemonade at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.True or false: “money spent to get it” is the selling price. (a) True (b) False
  6. 6.Ananya makes 6 clay diyas at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  7. 7.It costs ₹26 to make one paper bookmark. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  9. 9.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  10. 10.It costs ₹23 to make one cup of lemonade. On the last day Saanvi sells it for only ₹14. How much is the loss on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.One painted pebble costs Meera ₹47 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹40 to make one potted plant. Kavya sells it for ₹48. What is the profit on one (in ₹)?
  14. 14.It costs ₹67 to make one cup of lemonade. On the last day Vihaan sells it for only ₹58. How much is the loss on one (in ₹)?
  15. 15.It costs ₹50 to make one cup of lemonade. Dev sells it for ₹54. What is the profit on one (in ₹)?
  16. 16.True or false: “the price on your board” is the selling price. (a) False (b) True
  17. 17.It costs ₹35 to make one handmade card. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹48 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.One jute bag costs ₹51 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹46 to make one painted pebble. Arjun sells it for ₹54. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs Kabir ₹23 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹33 to make one glass of chai. Farhan sells it for ₹46. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹57 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹10 to make one painted pebble. Diya sells it for ₹29. What is the profit on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) True (b) False
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  30. 30.It costs ₹45 to make one cupcake. Farhan sells it for ₹48. What is the profit on one (in ₹)?
  31. 31.It costs ₹37 to make one painted pebble. On the last day Tara sells it for only ₹31. How much is the loss on one (in ₹)?
  32. 32.Nisha makes 25 potted plants at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  34. 34.It costs ₹44 to make one cup of lemonade. On the last day Aarav sells it for only ₹41. How much is the loss on one (in ₹)?
  35. 35.Diya makes 26 potted plants at a cost of ₹36 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  36. 36.One paper bookmark costs Arjun ₹56 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Vihaan makes 24 paper bookmarks at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  38. 38.Riya makes 19 cupcakes at a cost of ₹33 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) False (b) True
  40. 40.It costs ₹58 to make one paper bookmark. Meera sells it for ₹65. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 60
  3. selling price
  4. True
  5. False
  6. 12
  7. 7
  8. what it cost you
  9. SP more than CP
  10. 9
  11. True
  12. Profit
  13. 8
  14. 9
  15. 4
  16. True
  17. 15
  18. 64
  19. False
  20. SP less than CP
  21. selling price
  22. 71
  23. 8
  24. Profit
  25. 13
  26. 58
  27. 19
  28. False
  29. cost price
  30. 3
  31. 6
  32. 200
  33. selling price
  34. 3
  35. 208
  36. Loss
  37. 72
  38. 209
  39. False
  40. 7

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