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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 820 · 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 ₹17 to make one paper bookmark. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.One paper bookmark costs Tara ₹16 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One jute bag costs ₹38 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.It costs ₹6 to make one fruit cup. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  7. 7.One jute bag costs ₹13 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  8. 8.One bag of popcorn costs Joseph ₹50 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.Tara makes 8 handmade cards at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  10. 10.True or false: “the price you sell at” is the selling price. (a) False (b) True
  11. 11.One clay diya costs ₹12 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “the price you sell at” is the cost price. (a) False (b) True
  13. 13.It costs ₹28 to make one painted pebble. Kavya sells it for ₹46. What is the profit on one (in ₹)?
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  18. 18.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  21. 21.It costs ₹46 to make one clay diya. Dev sells it for ₹61. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  24. 24.One clay diya costs ₹24 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  25. 25.One potted plant costs Meera ₹31 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.It costs ₹32 to make one fruit cup. Vihaan sells it for ₹44. What is the profit on one (in ₹)?
  28. 28.True or false: “money got from a sale” is the selling price. (a) True (b) False
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  30. 30.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.Farhan makes 8 fruit cups at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  33. 33.It costs ₹45 to make one painted pebble. On the last day Aarav sells it for only ₹43. How much is the loss on one (in ₹)?
  34. 34.One painted pebble costs Nisha ₹37 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  36. 36.It costs ₹23 to make one painted pebble. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.One cupcake costs Ananya ₹45 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One painted pebble costs ₹18 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “what a customer pays” is the selling price. (a) False (b) True

Answer key

  1. 1
  2. selling price
  3. Loss
  4. 46
  5. cost price
  6. 1
  7. 22
  8. Profit
  9. 16
  10. True
  11. 17
  12. False
  13. 18
  14. True
  15. SP more than CP
  16. False
  17. SP less than CP
  18. what the buyer pays
  19. False
  20. selling price
  21. 15
  22. selling price
  23. cost price
  24. 41
  25. Profit
  26. cost price
  27. 12
  28. True
  29. selling price
  30. cost price
  31. False
  32. 16
  33. 2
  34. Profit
  35. what it cost you
  36. 3
  37. False
  38. Loss
  39. 21
  40. True

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