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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 759 · 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 ₹23 to make one potted plant. Farhan sells it for ₹25. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹43 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “the price on your board” is the selling price. (a) True (b) False
  4. 4.It costs ₹9 to make one paper bookmark. Diya sells it for ₹13. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.It costs ₹22 to make one clay diya. On the last day Ishaan sells it for only ₹15. How much is the loss on one (in ₹)?
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.One clay diya costs Meera ₹51 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.Lakshmi makes 15 handmade cards at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.One potted plant costs ₹9 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  13. 13.Riya makes 29 painted pebbles at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  14. 14.True or false: “money got from a sale” is the cost price. (a) True (b) False
  15. 15.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  16. 16.True or false: “money got from a sale” is the selling price. (a) True (b) False
  17. 17.True or false: “what a customer pays” is the cost price. (a) True (b) False
  18. 18.Farhan makes 19 paper bookmarks at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.True or false: “what you paid for it” is the cost price. (a) True (b) False
  21. 21.It costs ₹50 to make one paper bookmark. Arjun sells it for ₹63. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  25. 25.It costs ₹59 to make one painted pebble. Arjun sells it for ₹69. What is the profit on one (in ₹)?
  26. 26.Farhan makes 7 handmade cards at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  27. 27.It costs ₹19 to make one bag of popcorn. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.One potted plant costs ₹43 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  31. 31.Joseph makes 8 cups of lemonade at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  32. 32.One potted plant costs ₹30 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  34. 34.One cup of lemonade costs ₹55 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹30 to make one jute bag. On the last day Zoya sells it for only ₹20. How much is the loss on one (in ₹)?
  36. 36.One cup of lemonade costs Aarav ₹33 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.True or false: “the price on your board” is the cost price. (a) True (b) False
  39. 39.One jute bag costs Riya ₹55 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹17 to make one cupcake. Saanvi sells it for ₹25. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. 45
  3. True
  4. 4
  5. selling price
  6. 7
  7. False
  8. Profit
  9. 30
  10. cost price
  11. cost price
  12. 14
  13. 58
  14. False
  15. what the buyer pays
  16. True
  17. False
  18. 76
  19. cost price
  20. True
  21. 13
  22. selling price
  23. what it cost you
  24. True
  25. 10
  26. 14
  27. 20
  28. False
  29. 50
  30. selling price
  31. 24
  32. 36
  33. False
  34. 62
  35. 10
  36. Loss
  37. True
  38. False
  39. Profit
  40. 8

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