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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 844 · 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 ₹31 to make one clay diya. Joseph sells it for ₹37. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.True or false: “what a customer pays” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  5. 5.One potted plant costs ₹19 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.True or false: “money got from a sale” is the selling price. (a) False (b) True
  8. 8.It costs ₹38 to make one glass of chai. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  9. 9.True or false: “the price you sell at” is the selling price. (a) True (b) False
  10. 10.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  14. 14.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  15. 15.It costs ₹32 to make one friendship band. Vihaan sells it for ₹42. What is the profit on one (in ₹)?
  16. 16.It costs ₹28 to make one jute bag. Kavya sells it for ₹30. What is the profit on one (in ₹)?
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.It costs ₹34 to make one paper bookmark. On the last day Joseph sells it for only ₹29. How much is the loss on one (in ₹)?
  20. 20.Vihaan makes 26 handmade cards at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.Ananya makes 14 handmade cards at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  23. 23.It costs ₹46 to make one potted plant. Kabir sells it for ₹48. What is the profit on one (in ₹)?
  24. 24.One cupcake costs Ananya ₹53 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One clay diya costs Arjun ₹33 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹12 to make one clay diya. Tara sells it for ₹23. What is the profit on one (in ₹)?
  27. 27.It costs ₹57 to make one jute bag. Farhan sells it for ₹64. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹38 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.One friendship band costs Dev ₹32 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One glass of chai costs ₹53 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹51 to make one paper bookmark. On the last day Farhan sells it for only ₹48. How much is the loss on one (in ₹)?
  32. 32.It costs ₹17 to make one fruit cup. Kabir sells it for ₹36. What is the profit on one (in ₹)?
  33. 33.It costs ₹10 to make one potted plant. Saanvi sells it for ₹19. What is the profit on one (in ₹)?
  34. 34.It costs ₹38 to make one paper bookmark. Joseph sells it for ₹46. What is the profit on one (in ₹)?
  35. 35.True or false: “what you paid for it” is the cost price. (a) False (b) True
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  37. 37.One glass of chai costs ₹58 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money spent to get it” is the selling price. (a) True (b) False
  39. 39.Arjun makes 14 bags of popcorn at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  40. 40.It costs ₹20 to make one bag of popcorn. On the last day Kabir sells it for only ₹10. How much is the loss on one (in ₹)?

Answer key

  1. 6
  2. cost price
  3. True
  4. what it cost you
  5. 37
  6. False
  7. True
  8. 6
  9. True
  10. what the buyer pays
  11. cost price
  12. selling price
  13. SP more than CP
  14. SP less than CP
  15. 10
  16. 2
  17. False
  18. selling price
  19. 5
  20. 78
  21. cost price
  22. 126
  23. 2
  24. Profit
  25. Profit
  26. 11
  27. 7
  28. 47
  29. Loss
  30. 64
  31. 3
  32. 19
  33. 9
  34. 8
  35. True
  36. True
  37. 70
  38. False
  39. 126
  40. 10

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