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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 869 · 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 ₹29 to make one handmade card. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹26 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.One clay diya costs ₹37 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “cost of making one” is the selling price. (a) True (b) False
  6. 6.It costs ₹9 to make one handmade card. Saanvi sells it for ₹11. What is the profit on one (in ₹)?
  7. 7.It costs ₹22 to make one paper bookmark. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.It costs ₹9 to make one glass of chai. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  13. 13.True or false: “the price on your board” is the selling price. (a) True (b) False
  14. 14.Saanvi makes 16 cups of lemonade at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  15. 15.It costs ₹6 to make one glass of chai. Joseph sells it for ₹13. What is the profit on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the selling price. (a) True (b) False
  17. 17.One clay diya costs Meera ₹35 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹21 to make one bag of popcorn. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  19. 19.It costs ₹13 to make one painted pebble. Ananya sells it for ₹23. What is the profit on one (in ₹)?
  20. 20.One clay diya costs Diya ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹55 to make one bag of popcorn. On the last day Arjun sells it for only ₹54. How much is the loss on one (in ₹)?
  22. 22.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  23. 23.It costs ₹38 to make one glass of chai. On the last day Meera sells it for only ₹32. How much is the loss on one (in ₹)?
  24. 24.It costs ₹17 to make one glass of chai. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.It costs ₹15 to make one clay diya. Aarav sells it for ₹35. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.True or false: “money spent to get it” is the selling price. (a) True (b) False
  30. 30.One glass of chai costs Ishaan ₹52 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹46 to make one painted pebble. On the last day Ananya sells it for only ₹39. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.One potted plant costs Ananya ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  37. 37.True or false: “money spent to get it” is the cost price. (a) False (b) True
  38. 38.One bag of popcorn costs Diya ₹49 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹14 to make one handmade card. Arjun sells it for ₹17. What is the profit on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. 3
  2. 30
  3. cost price
  4. 39
  5. False
  6. 2
  7. 2
  8. SP less than CP
  9. False
  10. 10
  11. cost price
  12. what it cost you
  13. True
  14. 176
  15. 7
  16. True
  17. Loss
  18. 8
  19. 10
  20. Loss
  21. 1
  22. SP more than CP
  23. 6
  24. 10
  25. selling price
  26. 20
  27. selling price
  28. selling price
  29. False
  30. Loss
  31. 7
  32. selling price
  33. Loss
  34. True
  35. what the buyer pays
  36. True
  37. True
  38. Loss
  39. 3
  40. True

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