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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 814 · 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 ₹38 to make one paper bookmark. Ishaan sells it for ₹49. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.True or false: “the price on your board” is the selling price. (a) True (b) False
  4. 4.True or false: “money spent to get it” is the selling price. (a) False (b) True
  5. 5.One cup of lemonade costs Riya ₹35 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.One painted pebble costs Kabir ₹49 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One bag of popcorn costs Riya ₹42 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.One fruit cup costs Meera ₹38 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  11. 11.One cupcake costs ₹29 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.True or false: “what you paid for it” is the selling price. (a) True (b) False
  15. 15.True or false: “cost of making one” is the cost price. (a) True (b) False
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.It costs ₹39 to make one fruit cup. Dev sells it for ₹58. What is the profit on one (in ₹)?
  18. 18.It costs ₹50 to make one cupcake. On the last day Diya sells it for only ₹47. How much is the loss on one (in ₹)?
  19. 19.It costs ₹10 to make one jute bag. Diya sells it for ₹17. What is the profit on one (in ₹)?
  20. 20.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  21. 21.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.True or false: “the price on your board” is the cost price. (a) False (b) True
  24. 24.It costs ₹6 to make one jute bag. Kavya sells it for ₹17. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹35 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  26. 26.One glass of chai costs Kavya ₹56 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹20 to make one handmade card. On the last day Nisha sells it for only ₹19. How much is the loss on one (in ₹)?
  28. 28.It costs ₹39 to make one clay diya. On the last day Arjun sells it for only ₹30. How much is the loss on one (in ₹)?
  29. 29.One clay diya costs ₹39 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  30. 30.One jute bag costs Diya ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One painted pebble costs ₹42 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹18 to make one cupcake. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  37. 37.Ananya makes 9 jute bags at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  38. 38.One fruit cup costs ₹40 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.It costs ₹16 to make one fruit cup. Vihaan sells it for ₹34. What is the profit on one (in ₹)?

Answer key

  1. 11
  2. selling price
  3. True
  4. False
  5. Loss
  6. Loss
  7. Profit
  8. selling price
  9. Loss
  10. SP less than CP
  11. 37
  12. selling price
  13. selling price
  14. False
  15. True
  16. True
  17. 19
  18. 3
  19. 7
  20. SP more than CP
  21. what the buyer pays
  22. cost price
  23. False
  24. 11
  25. 44
  26. Profit
  27. 1
  28. 9
  29. 41
  30. Loss
  31. 57
  32. 4
  33. cost price
  34. False
  35. cost price
  36. what it cost you
  37. 135
  38. 44
  39. False
  40. 18

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