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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 839 · 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 clay diya costs ₹43 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  3. 3.Aarav makes 14 handmade cards at a cost of ₹20 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  5. 5.One fruit cup costs ₹50 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  6. 6.Aarav makes 17 potted plants at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  7. 7.One fruit cup costs ₹15 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹57 to make one clay diya. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹11 to make one friendship band. On the last day Ananya sells it for only ₹6. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.It costs ₹58 to make one glass of chai. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  17. 17.It costs ₹40 to make one paper bookmark. On the last day Arjun sells it for only ₹39. How much is the loss on one (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) False (b) True
  19. 19.Vihaan makes 13 friendship bands at a cost of ₹36 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  20. 20.Vihaan makes 5 potted plants at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.Vihaan makes 12 painted pebbles at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  23. 23.It costs ₹22 to make one friendship band. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  24. 24.It costs ₹5 to make one glass of chai. Meera sells it for ₹7. What is the profit on one (in ₹)?
  25. 25.It costs ₹42 to make one cup of lemonade. Tara sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.It costs ₹45 to make one cupcake. On the last day Ananya sells it for only ₹36. How much is the loss on one (in ₹)?
  27. 27.True or false: “cost of making one” is the cost price. (a) True (b) False
  28. 28.It costs ₹49 to make one glass of chai. Ananya sells it for ₹66. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹59 to make. Ishaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹41 to make one glass of chai. On the last day Lakshmi sells it for only ₹35. How much is the loss on one (in ₹)?
  31. 31.True or false: “money spent to get it” is the selling price. (a) False (b) True
  32. 32.It costs ₹44 to make one handmade card. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  33. 33.One glass of chai costs ₹22 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.Lakshmi makes 9 fruit cups at a cost of ₹18 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  35. 35.True or false: “what you paid for it” is the selling price. (a) True (b) False
  36. 36.It costs ₹21 to make one glass of chai. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.One clay diya costs Tara ₹22 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Lakshmi makes 15 paper bookmarks at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.It costs ₹21 to make one friendship band. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. 52
  2. SP less than CP
  3. 14
  4. SP more than CP
  5. 69
  6. 136
  7. 28
  8. 7
  9. what it cost you
  10. cost price
  11. 5
  12. selling price
  13. selling price
  14. selling price
  15. cost price
  16. 3
  17. 1
  18. False
  19. 143
  20. 10
  21. True
  22. 168
  23. 9
  24. 2
  25. 2
  26. 9
  27. True
  28. 17
  29. 65
  30. 6
  31. False
  32. 4
  33. 34
  34. 99
  35. False
  36. 1
  37. Loss
  38. 105
  39. 8
  40. cost price

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