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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 891 · 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 Ananya ₹58 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  4. 4.It costs ₹9 to make one painted pebble. Riya sells it for ₹10. What is the profit on one (in ₹)?
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  8. 8.It costs ₹29 to make one cup of lemonade. Lakshmi sells it for ₹35. What is the profit on one (in ₹)?
  9. 9.One potted plant costs Zoya ₹20 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹30 to make one clay diya. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  11. 11.One fruit cup costs Kavya ₹40 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.Kabir makes 6 paper bookmarks at a cost of ₹18 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  14. 14.It costs ₹55 to make one cup of lemonade. Farhan sells it for ₹61. What is the profit on one (in ₹)?
  15. 15.It costs ₹44 to make one cup of lemonade. On the last day Aarav sells it for only ₹37. How much is the loss on one (in ₹)?
  16. 16.It costs ₹16 to make one glass of chai. On the last day Rohan sells it for only ₹13. How much is the loss on one (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) True (b) False
  18. 18.One handmade card costs ₹24 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹32 to make one fruit cup. On the last day Ananya sells it for only ₹27. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.One clay diya costs ₹60 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  24. 24.One painted pebble costs ₹5 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  25. 25.One cupcake costs ₹49 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹13 to make one fruit cup. Farhan sells it for ₹24. What is the profit on one (in ₹)?
  27. 27.It costs ₹18 to make one paper bookmark. Meera sells it for ₹23. What is the profit on one (in ₹)?
  28. 28.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  29. 29.One potted plant costs Rohan ₹53 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “money spent to get it” is the cost price. (a) False (b) True
  31. 31.It costs ₹14 to make one clay diya. Saanvi sells it for ₹17. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.One bag of popcorn costs Tara ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.Riya makes 19 clay diyas at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  37. 37.It costs ₹29 to make one painted pebble. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  38. 38.It costs ₹48 to make one friendship band. Riya sells it for ₹56. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹28 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹35 to make one glass of chai. Joseph sells it for ₹37. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. what the buyer pays
  3. what it cost you
  4. 1
  5. SP less than CP
  6. selling price
  7. False
  8. 6
  9. Profit
  10. 10
  11. Profit
  12. cost price
  13. 90
  14. 6
  15. 7
  16. 3
  17. False
  18. 38
  19. 5
  20. False
  21. 73
  22. cost price
  23. selling price
  24. 12
  25. 50
  26. 11
  27. 5
  28. SP more than CP
  29. Loss
  30. True
  31. 3
  32. cost price
  33. selling price
  34. Loss
  35. True
  36. 133
  37. 3
  38. 8
  39. 39
  40. 2

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