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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 76 · 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 ₹54 to make one paper bookmark. Rohan sells it for ₹69. What is the profit on one (in ₹)?
  2. 2.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  3. 3.It costs ₹6 to make one friendship band. Kabir sells it for ₹22. What is the profit on one (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  5. 5.One paper bookmark costs Kabir ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.Rohan makes 16 clay diyas at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  10. 10.One fruit cup costs ₹26 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹56 to make one handmade card. Aarav sells it for ₹62. What is the profit on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  13. 13.One fruit cup costs Joseph ₹40 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.Ananya makes 9 paper bookmarks at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  17. 17.Ishaan makes 9 friendship bands at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.It costs ₹14 to make one paper bookmark. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) True (b) False
  21. 21.It costs ₹57 to make one clay diya. On the last day Vihaan sells it for only ₹51. How much is the loss on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.It costs ₹36 to make one potted plant. On the last day Gurpreet sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.It costs ₹49 to make one handmade card. On the last day Arjun sells it for only ₹48. How much is the loss on one (in ₹)?
  26. 26.It costs ₹20 to make one glass of chai. Zoya sells it for ₹32. What is the profit on one (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.Lakshmi makes 12 potted plants at a cost of ₹10 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  30. 30.True or false: “money spent to get it” is the cost price. (a) True (b) False
  31. 31.One paper bookmark costs Diya ₹54 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹8 to make one handmade card. Dev sells it for ₹15. What is the profit on one (in ₹)?
  33. 33.Meera makes 14 cups of lemonade at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
  35. 35.One jute bag costs Tara ₹25 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹30 to make one handmade card. On the last day Meera sells it for only ₹26. How much is the loss on one (in ₹)?
  37. 37.True or false: “what a customer pays” is the selling price. (a) False (b) True
  38. 38.It costs ₹12 to make one cup of lemonade. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  39. 39.Meera makes 22 friendship bands at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  40. 40.It costs ₹49 to make one glass of chai. Kabir sells it for ₹62. What is the profit on one (in ₹)?

Answer key

  1. 15
  2. what the buyer pays
  3. 16
  4. False
  5. Profit
  6. 48
  7. selling price
  8. cost price
  9. SP less than CP
  10. 44
  11. 6
  12. SP more than CP
  13. Loss
  14. 18
  15. cost price
  16. what it cost you
  17. 54
  18. False
  19. 9
  20. True
  21. 6
  22. False
  23. 7
  24. selling price
  25. 1
  26. 12
  27. True
  28. cost price
  29. 180
  30. True
  31. Loss
  32. 7
  33. 196
  34. False
  35. Profit
  36. 4
  37. True
  38. 5
  39. 44
  40. 13

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