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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 733 · 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: the price on your board? (a) selling price (b) cost price
  2. 2.One clay diya costs Joseph ₹18 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One clay diya costs Aarav ₹48 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One bag of popcorn costs ₹15 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  5. 5.Ananya makes 25 bags of popcorn at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  6. 6.It costs ₹51 to make one jute bag. Lakshmi sells it for ₹68. What is the profit on one (in ₹)?
  7. 7.Rohan makes 8 friendship bands at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  8. 8.It costs ₹17 to make one cup of lemonade. On the last day Rohan sells it for only ₹10. How much is the loss on one (in ₹)?
  9. 9.One glass of chai costs Meera ₹17 to make and sells for ₹4. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.It costs ₹49 to make one glass of chai. Kabir sells it for ₹66. What is the profit on one (in ₹)?
  13. 13.True or false: “money spent to get it” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.It costs ₹48 to make one cup of lemonade. Tara sells it for ₹59. What is the profit on one (in ₹)?
  19. 19.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  20. 20.It costs ₹48 to make one cupcake. Riya sells it for ₹66. What is the profit on one (in ₹)?
  21. 21.It costs ₹49 to make one paper bookmark. On the last day Joseph sells it for only ₹40. How much is the loss on one (in ₹)?
  22. 22.One handmade card costs Diya ₹23 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹29 to make one jute bag. On the last day Joseph sells it for only ₹24. How much is the loss on one (in ₹)?
  24. 24.It costs ₹20 to make one clay diya. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  25. 25.One clay diya costs ₹31 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹57 to make one friendship band. Dev sells it for ₹61. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs Nisha ₹21 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹22 to make one cup of lemonade. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  29. 29.One potted plant costs ₹10 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) False (b) True
  31. 31.It costs ₹33 to make one cupcake. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  32. 32.One potted plant costs ₹34 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the price on your board” is the cost price. (a) False (b) True
  34. 34.It costs ₹36 to make one paper bookmark. Diya sells it for ₹50. What is the profit on one (in ₹)?
  35. 35.It costs ₹39 to make one paper bookmark. Riya sells it for ₹49. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.True or false: “what you paid for it” is the selling price. (a) False (b) True
  39. 39.It costs ₹10 to make one painted pebble. Dev sells it for ₹28. What is the profit on one (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) False (b) True

Answer key

  1. selling price
  2. Loss
  3. Loss
  4. 21
  5. 150
  6. 17
  7. 120
  8. 7
  9. Loss
  10. what it cost you
  11. cost price
  12. 17
  13. False
  14. selling price
  15. cost price
  16. False
  17. cost price
  18. 11
  19. SP less than CP
  20. 18
  21. 9
  22. Loss
  23. 5
  24. 4
  25. 34
  26. 4
  27. Profit
  28. 4
  29. 21
  30. False
  31. 2
  32. 50
  33. False
  34. 14
  35. 10
  36. cost price
  37. selling price
  38. False
  39. 18
  40. False

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