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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 855 · 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.One clay diya costs Kabir ₹46 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.It costs ₹35 to make one clay diya. Tara sells it for ₹43. What is the profit on one (in ₹)?
  5. 5.It costs ₹47 to make one cupcake. Farhan sells it for ₹58. What is the profit on one (in ₹)?
  6. 6.It costs ₹18 to make one jute bag. Kabir sells it for ₹30. What is the profit on one (in ₹)?
  7. 7.Aarav makes 26 handmade cards at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  9. 9.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹42 to make one cupcake. On the last day Lakshmi sells it for only ₹41. How much is the loss on one (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.It costs ₹10 to make one glass of chai. On the last day Farhan sells it for only ₹9. How much is the loss on one (in ₹)?
  14. 14.One bag of popcorn costs Nisha ₹24 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “money got from a sale” is the cost price. (a) False (b) True
  16. 16.It costs ₹34 to make one fruit cup. Ishaan sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs Diya ₹50 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.True or false: “what a customer pays” is the cost price. (a) True (b) False
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  21. 21.True or false: “the price you sell at” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  23. 23.It costs ₹62 to make one handmade card. On the last day Vihaan sells it for only ₹52. How much is the loss on one (in ₹)?
  24. 24.One jute bag costs Vihaan ₹53 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  26. 26.One jute bag costs ₹9 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  28. 28.It costs ₹9 to make one clay diya. Zoya sells it for ₹10. What is the profit on one (in ₹)?
  29. 29.It costs ₹31 to make one cup of lemonade. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  30. 30.One friendship band costs Joseph ₹39 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One fruit cup costs ₹16 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.Saanvi makes 22 paper bookmarks at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  33. 33.It costs ₹57 to make one cup of lemonade. On the last day Ananya sells it for only ₹53. How much is the loss on one (in ₹)?
  34. 34.Joseph makes 29 handmade cards at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.It costs ₹17 to make one fruit cup. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  38. 38.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  39. 39.Kavya makes 15 jute bags at a cost of ₹21 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.It costs ₹58 to make one paper bookmark. Meera sells it for ₹61. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. selling price
  3. selling price
  4. 8
  5. 11
  6. 12
  7. 130
  8. what it cost you
  9. SP less than CP
  10. selling price
  11. 1
  12. True
  13. 1
  14. Profit
  15. False
  16. 12
  17. Profit
  18. cost price
  19. False
  20. cost price
  21. False
  22. cost price
  23. 10
  24. Profit
  25. what the buyer pays
  26. 10
  27. False
  28. 1
  29. 3
  30. Profit
  31. 18
  32. 66
  33. 4
  34. 261
  35. False
  36. True
  37. 16
  38. SP more than CP
  39. 225
  40. 3

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