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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 965 · 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.It costs ₹67 to make one clay diya. On the last day Gurpreet sells it for only ₹58. How much is the loss on one (in ₹)?
  2. 2.One jute bag costs ₹16 to make. Farhan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  3. 3.One potted plant costs Farhan ₹39 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  6. 6.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  7. 7.It costs ₹44 to make one clay diya. Riya sells it for ₹50. What is the profit on one (in ₹)?
  8. 8.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  9. 9.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  11. 11.One fruit cup costs Kabir ₹51 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.One clay diya costs Ananya ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.It costs ₹10 to make one glass of chai. On the last day Meera sells it for only ₹8. How much is the loss on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the selling price. (a) False (b) True
  17. 17.It costs ₹15 to make one potted plant. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  18. 18.Zoya makes 24 friendship bands at a cost of ₹39 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  19. 19.One potted plant costs ₹31 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹11 to make one painted pebble. Farhan sells it for ₹25. What is the profit on one (in ₹)?
  21. 21.Riya makes 22 handmade cards at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  22. 22.Joseph makes 5 cupcakes at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  23. 23.True or false: “money spent to get it” is the cost price. (a) False (b) True
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.It costs ₹13 to make one cup of lemonade. On the last day Ishaan sells it for only ₹5. How much is the loss on one (in ₹)?
  26. 26.It costs ₹41 to make one bag of popcorn. Ananya sells it for ₹60. What is the profit on one (in ₹)?
  27. 27.Meera makes 15 painted pebbles at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.It costs ₹62 to make one glass of chai. On the last day Joseph sells it for only ₹52. How much is the loss on one (in ₹)?
  30. 30.Arjun makes 5 bags of popcorn at a cost of ₹25 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.It costs ₹48 to make one glass of chai. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  33. 33.One friendship band costs ₹32 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹27 to make one cupcake. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.One clay diya costs Rohan ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One potted plant costs ₹46 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹24 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  38. 38.It costs ₹15 to make one bag of popcorn. Ishaan sells it for ₹19. What is the profit on one (in ₹)?
  39. 39.One cupcake costs Vihaan ₹50 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. 9
  2. 31
  3. Loss
  4. selling price
  5. SP less than CP
  6. what it cost you
  7. 6
  8. SP more than CP
  9. what the buyer pays
  10. False
  11. Loss
  12. Loss
  13. False
  14. cost price
  15. 2
  16. False
  17. 11
  18. 192
  19. 39
  20. 14
  21. 198
  22. 50
  23. True
  24. False
  25. 8
  26. 19
  27. 90
  28. selling price
  29. 10
  30. 35
  31. selling price
  32. 6
  33. 34
  34. 3
  35. Profit
  36. 51
  37. 7
  38. 4
  39. Loss
  40. cost price

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