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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 988 · 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 ₹54 to make one clay diya. On the last day Kabir sells it for only ₹44. How much is the loss on one (in ₹)?
  2. 2.Diya makes 14 handmade cards at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  3. 3.True or false: “the price you sell at” is the cost price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  5. 5.It costs ₹32 to make one handmade card. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  6. 6.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  7. 7.One friendship band costs Gurpreet ₹27 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One clay diya costs Saanvi ₹23 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹55 to make one friendship band. Meera sells it for ₹58. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.It costs ₹28 to make one painted pebble. On the last day Nisha sells it for only ₹19. How much is the loss on one (in ₹)?
  12. 12.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.True or false: “the price on your board” is the cost price. (a) True (b) False
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.One cup of lemonade costs ₹22 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  19. 19.Riya makes 17 cups of lemonade at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.It costs ₹17 to make one clay diya. On the last day Lakshmi sells it for only ₹15. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.It costs ₹56 to make one cupcake. Aarav sells it for ₹67. What is the profit on one (in ₹)?
  24. 24.It costs ₹10 to make one glass of chai. Aarav sells it for ₹13. What is the profit on one (in ₹)?
  25. 25.One cupcake costs Ananya ₹29 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One glass of chai costs ₹31 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “what a customer pays” is the selling price. (a) True (b) False
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.Saanvi makes 24 cups of lemonade at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  30. 30.Zoya makes 24 friendship bands at a cost of ₹23 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  31. 31.One clay diya costs Saanvi ₹25 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One cupcake costs ₹39 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹49 to make one cup of lemonade. Kabir sells it for ₹53. What is the profit on one (in ₹)?
  34. 34.True or false: “cost of making one” is the selling price. (a) True (b) False
  35. 35.True or false: “money spent to get it” is the cost price. (a) False (b) True
  36. 36.True or false: “what a customer pays” is the cost price. (a) True (b) False
  37. 37.It costs ₹16 to make one cup of lemonade. Kabir sells it for ₹36. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  39. 39.Vihaan makes 19 handmade cards at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  40. 40.It costs ₹57 to make one bag of popcorn. On the last day Farhan sells it for only ₹51. How much is the loss on one (in ₹)?

Answer key

  1. 10
  2. 168
  3. False
  4. what it cost you
  5. 2
  6. what the buyer pays
  7. Profit
  8. Profit
  9. 3
  10. cost price
  11. 9
  12. SP less than CP
  13. selling price
  14. False
  15. False
  16. 25
  17. cost price
  18. SP more than CP
  19. 34
  20. selling price
  21. 2
  22. True
  23. 11
  24. 3
  25. Loss
  26. 46
  27. True
  28. True
  29. 144
  30. 240
  31. Profit
  32. 43
  33. 4
  34. False
  35. True
  36. False
  37. 20
  38. cost price
  39. 152
  40. 6

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