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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 987 · 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 ₹58 to make one handmade card. Dev sells it for ₹77. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  3. 3.It costs ₹37 to make one handmade card. Dev sells it for ₹57. What is the profit on one (in ₹)?
  4. 4.It costs ₹59 to make one paper bookmark. On the last day Lakshmi sells it for only ₹52. How much is the loss on one (in ₹)?
  5. 5.Ananya makes 24 jute bags at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.It costs ₹49 to make one cup of lemonade. Kavya sells it for ₹63. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹46 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  10. 10.One handmade card costs ₹27 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.True or false: “the price on your board” is the selling price. (a) False (b) True
  14. 14.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  15. 15.It costs ₹19 to make one friendship band. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.One glass of chai costs Riya ₹38 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.It costs ₹35 to make one fruit cup. On the last day Kabir sells it for only ₹26. How much is the loss on one (in ₹)?
  22. 22.True or false: “what a customer pays” is the selling price. (a) True (b) False
  23. 23.It costs ₹27 to make one cup of lemonade. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  24. 24.Nisha makes 22 friendship bands at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  25. 25.It costs ₹30 to make one glass of chai. On the last day Aarav sells it for only ₹25. How much is the loss on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) False (b) True
  27. 27.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.It costs ₹8 to make one fruit cup. Zoya sells it for ₹9. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹21 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) False (b) True
  33. 33.It costs ₹40 to make one bag of popcorn. Aarav sells it for ₹49. What is the profit on one (in ₹)?
  34. 34.It costs ₹23 to make one clay diya. Meera sells it for ₹26. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹18 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹33 to make one potted plant. On the last day Meera sells it for only ₹32. How much is the loss on one (in ₹)?
  37. 37.True or false: “what you paid for it” is the cost price. (a) False (b) True
  38. 38.It costs ₹15 to make one friendship band. Meera sells it for ₹18. What is the profit on one (in ₹)?
  39. 39.True or false: “cost of making one” is the selling price. (a) False (b) True
  40. 40.One glass of chai costs Vihaan ₹41 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 19
  2. SP more than CP
  3. 20
  4. 7
  5. 360
  6. selling price
  7. cost price
  8. 14
  9. 49
  10. 31
  11. SP less than CP
  12. selling price
  13. True
  14. what the buyer pays
  15. 19
  16. selling price
  17. cost price
  18. Loss
  19. cost price
  20. False
  21. 9
  22. True
  23. 11
  24. 66
  25. 5
  26. False
  27. what it cost you
  28. selling price
  29. True
  30. 1
  31. 40
  32. False
  33. 9
  34. 3
  35. 34
  36. 1
  37. True
  38. 3
  39. False
  40. Loss

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