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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 96 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  5. 5.One cup of lemonade costs Gurpreet ₹19 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One clay diya costs Nisha ₹25 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹54 to make one potted plant. Rohan sells it for ₹73. What is the profit on one (in ₹)?
  8. 8.It costs ₹60 to make one glass of chai. On the last day Joseph sells it for only ₹57. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.One clay diya costs Meera ₹53 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.It costs ₹33 to make one potted plant. Kabir sells it for ₹36. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹50 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  15. 15.Kavya makes 29 jute bags at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  16. 16.One painted pebble costs ₹47 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.One clay diya costs Nisha ₹57 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹10 to make one cup of lemonade. Kavya sells it for ₹17. What is the profit on one (in ₹)?
  25. 25.One potted plant costs Ishaan ₹26 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One glass of chai costs ₹27 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money spent to get it” is the selling price. (a) False (b) True
  28. 28.True or false: “what you paid for it” is the cost price. (a) True (b) False
  29. 29.Farhan makes 13 clay diyas at a cost of ₹16 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  30. 30.One cup of lemonade costs Kavya ₹57 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹59 to make one paper bookmark. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  32. 32.One handmade card costs ₹16 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.Kabir makes 19 clay diyas at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.Arjun makes 19 cupcakes at a cost of ₹38 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  36. 36.True or false: “the price on your board” is the selling price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  38. 38.It costs ₹13 to make one potted plant. Lakshmi sells it for ₹15. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs Ishaan ₹41 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.Riya makes 10 handmade cards at a cost of ₹25 each and sells all of them at ₹40 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. selling price
  3. selling price
  4. SP more than CP
  5. Loss
  6. Loss
  7. 19
  8. 3
  9. what it cost you
  10. selling price
  11. Profit
  12. True
  13. 3
  14. 67
  15. 348
  16. 67
  17. cost price
  18. selling price
  19. SP less than CP
  20. False
  21. what the buyer pays
  22. False
  23. Loss
  24. 7
  25. Profit
  26. 30
  27. False
  28. True
  29. 156
  30. Loss
  31. 4
  32. 20
  33. 57
  34. True
  35. 57
  36. True
  37. cost price
  38. 2
  39. Loss
  40. 150

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