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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 856 · 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 painted pebble costs Diya ₹33 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  3. 3.One handmade card costs ₹54 to make. Zoya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.It costs ₹32 to make one glass of chai. Meera sells it for ₹47. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs Lakshmi ₹18 to make and sells for ₹3. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.Gurpreet makes 27 glasses of chai at a cost of ₹21 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  9. 9.It costs ₹31 to make one glass of chai. On the last day Gurpreet sells it for only ₹25. How much is the loss on one (in ₹)?
  10. 10.Tara makes 7 clay diyas at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  13. 13.It costs ₹40 to make one paper bookmark. On the last day Kavya sells it for only ₹35. How much is the loss on one (in ₹)?
  14. 14.One bag of popcorn costs ₹20 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  16. 16.Vihaan makes 10 handmade cards at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  17. 17.True or false: “money got from a sale” is the cost price. (a) False (b) True
  18. 18.One painted pebble costs Lakshmi ₹53 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One paper bookmark costs Kavya ₹25 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.It costs ₹52 to make one paper bookmark. Meera sells it for ₹57. What is the profit on one (in ₹)?
  22. 22.It costs ₹21 to make one paper bookmark. Farhan sells it for ₹38. What is the profit on one (in ₹)?
  23. 23.It costs ₹43 to make one clay diya. On the last day Diya sells it for only ₹41. How much is the loss on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.One friendship band costs ₹32 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.Saanvi makes 17 friendship bands at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) False (b) True
  28. 28.It costs ₹53 to make one paper bookmark. Dev sells it for ₹57. What is the profit on one (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  31. 31.Saanvi makes 21 cupcakes at a cost of ₹34 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  32. 32.It costs ₹26 to make one glass of chai. Meera sells it for ₹42. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹45 to make. Dev wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.True or false: “what a customer pays” is the cost price. (a) False (b) True
  38. 38.It costs ₹32 to make one clay diya. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  39. 39.It costs ₹21 to make one cup of lemonade. On the last day Nisha sells it for only ₹20. How much is the loss on one (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. Profit
  2. what it cost you
  3. 66
  4. selling price
  5. 15
  6. Loss
  7. 27
  8. SP more than CP
  9. 6
  10. 84
  11. cost price
  12. what the buyer pays
  13. 5
  14. 25
  15. SP less than CP
  16. 80
  17. False
  18. Loss
  19. Loss
  20. selling price
  21. 5
  22. 17
  23. 2
  24. False
  25. 49
  26. 85
  27. True
  28. 4
  29. False
  30. cost price
  31. 21
  32. 16
  33. 57
  34. True
  35. True
  36. selling price
  37. False
  38. 6
  39. 1
  40. True

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