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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 81 · 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 ₹11 to make one friendship band. Farhan sells it for ₹22. What is the profit on one (in ₹)?
  2. 2.It costs ₹23 to make one friendship band. Ananya sells it for ₹41. What is the profit on one (in ₹)?
  3. 3.True or false: “money got from a sale” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.It costs ₹41 to make one handmade card. Vihaan sells it for ₹42. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  7. 7.It costs ₹47 to make one potted plant. Saanvi sells it for ₹49. What is the profit on one (in ₹)?
  8. 8.True or false: “money spent to get it” is the selling price. (a) False (b) True
  9. 9.One fruit cup costs ₹24 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹11 to make one bag of popcorn. On the last day Zoya sells it for only ₹6. How much is the loss on one (in ₹)?
  11. 11.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.Aarav makes 6 clay diyas at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  17. 17.True or false: “money got from a sale” is the cost price. (a) False (b) True
  18. 18.It costs ₹28 to make one friendship band. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.One friendship band costs Dev ₹30 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “the price you sell at” is the cost price. (a) False (b) True
  22. 22.It costs ₹63 to make one fruit cup. On the last day Lakshmi sells it for only ₹56. How much is the loss on one (in ₹)?
  23. 23.It costs ₹55 to make one handmade card. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  24. 24.It costs ₹57 to make one cupcake. Ishaan sells it for ₹58. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.One glass of chai costs Aarav ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.One glass of chai costs ₹51 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  28. 28.Nisha makes 21 cups of lemonade at a cost of ₹11 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  29. 29.One fruit cup costs ₹20 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  30. 30.One cup of lemonade costs Vihaan ₹51 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.True or false: “the price on your board” is the cost price. (a) False (b) True
  33. 33.It costs ₹11 to make one potted plant. On the last day Nisha sells it for only ₹7. How much is the loss on one (in ₹)?
  34. 34.One handmade card costs Rohan ₹45 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹9 to make one cupcake. Joseph sells it for ₹28. What is the profit on one (in ₹)?
  36. 36.It costs ₹15 to make one potted plant. On the last day Ananya sells it for only ₹6. How much is the loss on one (in ₹)?
  37. 37.It costs ₹6 to make one handmade card. Tara sells it for ₹18. What is the profit on one (in ₹)?
  38. 38.One friendship band costs Kavya ₹40 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One clay diya costs ₹40 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the price on your board” is the selling price. (a) False (b) True

Answer key

  1. 11
  2. 18
  3. True
  4. cost price
  5. 1
  6. what it cost you
  7. 2
  8. False
  9. 36
  10. 5
  11. what the buyer pays
  12. selling price
  13. 12
  14. SP less than CP
  15. True
  16. SP more than CP
  17. False
  18. 3
  19. selling price
  20. Loss
  21. False
  22. 7
  23. 9
  24. 1
  25. selling price
  26. Profit
  27. 67
  28. 126
  29. 34
  30. Loss
  31. False
  32. False
  33. 4
  34. Profit
  35. 19
  36. 9
  37. 12
  38. Profit
  39. 58
  40. True

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