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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 813 · 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.One handmade card costs ₹13 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  2. 2.One glass of chai costs ₹41 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  5. 5.One glass of chai costs ₹60 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.It costs ₹47 to make one paper bookmark. On the last day Diya sells it for only ₹39. How much is the loss on one (in ₹)?
  9. 9.One jute bag costs ₹14 to make. Lakshmi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.It costs ₹25 to make one handmade card. Riya sells it for ₹29. What is the profit on one (in ₹)?
  12. 12.It costs ₹49 to make one cupcake. Diya sells it for ₹59. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs Nisha ₹29 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.Nisha makes 5 fruit cups at a cost of ₹26 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  16. 16.True or false: “what you paid for it” is the selling price. (a) True (b) False
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  20. 20.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  21. 21.It costs ₹38 to make one painted pebble. On the last day Riya sells it for only ₹30. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.It costs ₹20 to make one bag of popcorn. On the last day Joseph sells it for only ₹12. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.One bag of popcorn costs Rohan ₹34 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Ananya makes 27 clay diyas at a cost of ₹21 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  27. 27.It costs ₹58 to make one painted pebble. Nisha sells it for ₹71. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹42 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹20 to make one handmade card. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  30. 30.It costs ₹39 to make one bag of popcorn. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  31. 31.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.Tara makes 6 handmade cards at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  35. 35.One clay diya costs Ishaan ₹55 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One potted plant costs ₹18 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.It costs ₹19 to make one cup of lemonade. On the last day Ananya sells it for only ₹16. How much is the loss on one (in ₹)?
  40. 40.It costs ₹35 to make one painted pebble. Riya sells it for ₹41. What is the profit on one (in ₹)?

Answer key

  1. 14
  2. 54
  3. selling price
  4. SP more than CP
  5. 68
  6. selling price
  7. True
  8. 8
  9. 34
  10. cost price
  11. 4
  12. 10
  13. Loss
  14. True
  15. 5
  16. False
  17. False
  18. selling price
  19. what the buyer pays
  20. what it cost you
  21. 8
  22. cost price
  23. 8
  24. cost price
  25. Loss
  26. 405
  27. 13
  28. 46
  29. 20
  30. 8
  31. SP less than CP
  32. True
  33. True
  34. 84
  35. Loss
  36. 23
  37. False
  38. True
  39. 3
  40. 6

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