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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 794 · 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 ₹18 to make one paper bookmark. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  2. 2.True or false: “the price on your board” is the selling price. (a) True (b) False
  3. 3.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.It costs ₹15 to make one clay diya. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  7. 7.One painted pebble costs ₹44 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  9. 9.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹24 to make one cup of lemonade. Zoya sells it for ₹42. What is the profit on one (in ₹)?
  12. 12.Kavya makes 15 cupcakes at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  13. 13.It costs ₹18 to make one paper bookmark. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?
  14. 14.True or false: “what a customer pays” is the cost price. (a) False (b) True
  15. 15.It costs ₹17 to make one potted plant. Ishaan sells it for ₹27. What is the profit on one (in ₹)?
  16. 16.It costs ₹44 to make one friendship band. On the last day Lakshmi sells it for only ₹39. How much is the loss on one (in ₹)?
  17. 17.It costs ₹37 to make one cup of lemonade. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  18. 18.It costs ₹16 to make one bag of popcorn. On the last day Ananya sells it for only ₹14. How much is the loss on one (in ₹)?
  19. 19.One potted plant costs ₹10 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  21. 21.One jute bag costs Farhan ₹49 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹27 to make one cupcake. Nisha sells it for ₹42. What is the profit on one (in ₹)?
  23. 23.It costs ₹43 to make one fruit cup. Arjun sells it for ₹60. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  25. 25.It costs ₹13 to make one clay diya. On the last day Kavya sells it for only ₹6. How much is the loss on one (in ₹)?
  26. 26.It costs ₹49 to make one cupcake. On the last day Vihaan sells it for only ₹40. How much is the loss on one (in ₹)?
  27. 27.It costs ₹52 to make one fruit cup. Meera sells it for ₹60. What is the profit on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.One clay diya costs Saanvi ₹23 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹69 to make one cup of lemonade. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  31. 31.It costs ₹9 to make one cupcake. Lakshmi sells it for ₹14. What is the profit on one (in ₹)?
  32. 32.It costs ₹14 to make one glass of chai. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.Tara makes 7 glasses of chai at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  35. 35.It costs ₹40 to make one fruit cup. Aarav sells it for ₹55. What is the profit on one (in ₹)?
  36. 36.It costs ₹46 to make one fruit cup. Riya sells it for ₹64. What is the profit on one (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.It costs ₹55 to make one painted pebble. Vihaan sells it for ₹60. What is the profit on one (in ₹)?
  39. 39.It costs ₹19 to make one handmade card. On the last day Joseph sells it for only ₹12. How much is the loss on one (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) True (b) False

Answer key

  1. 1
  2. True
  3. what the buyer pays
  4. cost price
  5. 9
  6. SP more than CP
  7. 47
  8. what it cost you
  9. SP less than CP
  10. cost price
  11. 18
  12. 15
  13. 5
  14. False
  15. 10
  16. 5
  17. 7
  18. 2
  19. 14
  20. True
  21. Loss
  22. 15
  23. 17
  24. cost price
  25. 7
  26. 9
  27. 8
  28. False
  29. Loss
  30. 10
  31. 5
  32. 6
  33. selling price
  34. 63
  35. 15
  36. 18
  37. False
  38. 5
  39. 7
  40. False

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