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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 778 · 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.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  3. 3.It costs ₹30 to make one painted pebble. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.True or false: “money spent to get it” is the selling price. (a) True (b) False
  6. 6.One handmade card costs ₹16 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.One potted plant costs ₹24 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹34 to make one cupcake. Ananya sells it for ₹47. What is the profit on one (in ₹)?
  10. 10.Kavya makes 10 potted plants at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.Dev makes 6 clay diyas at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  12. 12.It costs ₹40 to make one cupcake. On the last day Kabir sells it for only ₹33. How much is the loss on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.One paper bookmark costs Kabir ₹20 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.True or false: “the price on your board” is the selling price. (a) True (b) False
  18. 18.It costs ₹56 to make one bag of popcorn. Kabir sells it for ₹66. What is the profit on one (in ₹)?
  19. 19.It costs ₹15 to make one glass of chai. On the last day Aarav sells it for only ₹9. How much is the loss on one (in ₹)?
  20. 20.It costs ₹44 to make one jute bag. On the last day Gurpreet sells it for only ₹41. How much is the loss on one (in ₹)?
  21. 21.One bag of popcorn costs ₹36 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  22. 22.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  23. 23.One jute bag costs ₹20 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.One cupcake costs Dev ₹29 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.One friendship band costs ₹13 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹38 to make one fruit cup. Kavya sells it for ₹49. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.It costs ₹42 to make one glass of chai. Nisha sells it for ₹50. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs Ananya ₹54 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹55 to make one friendship band. On the last day Diya sells it for only ₹52. How much is the loss on one (in ₹)?
  35. 35.It costs ₹24 to make one fruit cup. Joseph sells it for ₹27. What is the profit on one (in ₹)?
  36. 36.One jute bag costs Kavya ₹58 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹32 to make one fruit cup. On the last day Nisha sells it for only ₹26. How much is the loss on one (in ₹)?
  38. 38.It costs ₹6 to make one painted pebble. Kavya sells it for ₹16. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the selling price. (a) False (b) True
  40. 40.One paper bookmark costs Diya ₹21 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP more than CP
  2. what the buyer pays
  3. 2
  4. cost price
  5. False
  6. 34
  7. cost price
  8. 28
  9. 13
  10. 20
  11. 6
  12. 7
  13. False
  14. Loss
  15. what it cost you
  16. True
  17. True
  18. 10
  19. 6
  20. 3
  21. 43
  22. SP less than CP
  23. 33
  24. cost price
  25. Loss
  26. cost price
  27. 33
  28. 11
  29. selling price
  30. selling price
  31. selling price
  32. 8
  33. Loss
  34. 3
  35. 3
  36. Loss
  37. 6
  38. 10
  39. True
  40. Loss

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