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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 810 · 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.

NameDateTime takenScore ___ / 40
  1. 1.It costs ₹19 to make one jute bag. On the last day Lakshmi sells it for only ₹18. How much is the loss on one (in ₹)?
  2. 2.True or false: “cost of making one” is the cost price. (a) False (b) True
  3. 3.One handmade card costs Joseph ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  7. 7.Ishaan makes 8 cups of lemonade at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  9. 9.It costs ₹31 to make one potted plant. Nisha sells it for ₹51. What is the profit on one (in ₹)?
  10. 10.One handmade card costs Arjun ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹37 to make one painted pebble. Ishaan sells it for ₹57. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs Diya ₹60 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.One clay diya costs ₹54 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  15. 15.Kavya makes 12 jute bags at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  18. 18.It costs ₹21 to make one friendship band. Rohan sells it for ₹38. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.It costs ₹49 to make one friendship band. Joseph sells it for ₹50. What is the profit on one (in ₹)?
  22. 22.It costs ₹6 to make one glass of chai. Lakshmi sells it for ₹17. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹56 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  25. 25.It costs ₹57 to make one cup of lemonade. Rohan sells it for ₹77. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs Tara ₹22 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “what you paid for it” is the selling price. (a) False (b) True
  28. 28.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  29. 29.It costs ₹19 to make one clay diya. Tara sells it for ₹23. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs Diya ₹25 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.It costs ₹40 to make one potted plant. Arjun sells it for ₹41. What is the profit on one (in ₹)?
  33. 33.It costs ₹27 to make one fruit cup. Nisha sells it for ₹32. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹56 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹32 to make one clay diya. Vihaan sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.Dev makes 12 cupcakes at a cost of ₹39 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  37. 37.It costs ₹37 to make one potted plant. On the last day Ananya sells it for only ₹31. How much is the loss on one (in ₹)?
  38. 38.One friendship band costs ₹30 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.True or false: “money spent to get it” is the cost price. (a) False (b) True

Answer key

  1. 1
  2. True
  3. Profit
  4. cost price
  5. selling price
  6. cost price
  7. 8
  8. SP more than CP
  9. 20
  10. Loss
  11. 20
  12. Loss
  13. 69
  14. what it cost you
  15. 96
  16. False
  17. SP less than CP
  18. 17
  19. selling price
  20. True
  21. 1
  22. 11
  23. 69
  24. selling price
  25. 20
  26. Profit
  27. False
  28. what the buyer pays
  29. 4
  30. Profit
  31. cost price
  32. 1
  33. 5
  34. 70
  35. 1
  36. 96
  37. 6
  38. 40
  39. False
  40. True

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