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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 837 · 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 ₹9 to make one painted pebble. On the last day Nisha sells it for only ₹6. How much is the loss on one (in ₹)?
  2. 2.True or false: “what a customer pays” is the selling price. (a) False (b) True
  3. 3.It costs ₹56 to make one clay diya. Riya sells it for ₹64. What is the profit on one (in ₹)?
  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.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.One glass of chai costs Lakshmi ₹32 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “what a customer pays” is the cost price. (a) True (b) False
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.One fruit cup costs ₹28 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  14. 14.One potted plant costs ₹58 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.One fruit cup costs ₹45 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “the price on your board” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.It costs ₹66 to make one painted pebble. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  21. 21.One glass of chai costs Riya ₹37 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.One potted plant costs Diya ₹59 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  25. 25.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  26. 26.Tara makes 8 bags of popcorn at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  27. 27.It costs ₹68 to make one fruit cup. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the cost price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.One jute bag costs ₹20 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.One cupcake costs ₹49 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹54 to make one handmade card. On the last day Rohan sells it for only ₹48. How much is the loss on one (in ₹)?
  33. 33.It costs ₹24 to make one paper bookmark. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  34. 34.It costs ₹34 to make one glass of chai. Joseph sells it for ₹48. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹23 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.Saanvi makes 5 cups of lemonade at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  38. 38.One clay diya costs Nisha ₹20 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “cost of making one” is the cost price. (a) False (b) True
  40. 40.It costs ₹33 to make one glass of chai. Dev sells it for ₹45. What is the profit on one (in ₹)?

Answer key

  1. 3
  2. True
  3. 8
  4. SP more than CP
  5. what it cost you
  6. cost price
  7. selling price
  8. Loss
  9. False
  10. False
  11. selling price
  12. cost price
  13. 30
  14. 69
  15. 46
  16. False
  17. cost price
  18. cost price
  19. 10
  20. selling price
  21. Profit
  22. False
  23. Loss
  24. what the buyer pays
  25. SP less than CP
  26. 24
  27. 9
  28. False
  29. False
  30. 22
  31. 62
  32. 6
  33. 7
  34. 14
  35. 31
  36. False
  37. 50
  38. Loss
  39. True
  40. 12

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