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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 114 · 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 ₹15 to make one cup of lemonade. Rohan sells it for ₹20. What is the profit on one (in ₹)?
  2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
  3. 3.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  4. 4.True or false: “the price on your board” is the selling price. (a) False (b) True
  5. 5.It costs ₹49 to make one painted pebble. On the last day Dev sells it for only ₹45. How much is the loss on one (in ₹)?
  6. 6.It costs ₹20 to make one cup of lemonade. Meera sells it for ₹24. What is the profit on one (in ₹)?
  7. 7.It costs ₹11 to make one painted pebble. Tara sells it for ₹14. What is the profit on one (in ₹)?
  8. 8.True or false: “money spent to get it” is the cost price. (a) False (b) True
  9. 9.It costs ₹26 to make one painted pebble. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.True or false: “cost of making one” is the cost price. (a) True (b) False
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.It costs ₹59 to make one bag of popcorn. Kabir sells it for ₹62. What is the profit on one (in ₹)?
  17. 17.It costs ₹38 to make one clay diya. Riya sells it for ₹40. What is the profit on one (in ₹)?
  18. 18.Farhan makes 28 friendship bands at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.One jute bag costs Arjun ₹46 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  23. 23.True or false: “money spent to get it” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.It costs ₹19 to make one handmade card. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  26. 26.It costs ₹51 to make one potted plant. On the last day Riya sells it for only ₹50. How much is the loss on one (in ₹)?
  27. 27.One clay diya costs ₹52 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.One cup of lemonade costs Diya ₹58 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One bag of popcorn costs Kabir ₹42 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Riya makes 20 painted pebbles at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  32. 32.One clay diya costs Joseph ₹25 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One jute bag costs Dev ₹57 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹44 to make one handmade card. On the last day Kavya sells it for only ₹35. How much is the loss on one (in ₹)?
  35. 35.True or false: “money got from a sale” is the selling price. (a) True (b) False
  36. 36.Gurpreet makes 22 cups of lemonade at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  37. 37.It costs ₹7 to make one cupcake. Gurpreet sells it for ₹12. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.One handmade card costs ₹28 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹34 to make one jute bag. Gurpreet sells it for ₹53. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. False
  3. SP more than CP
  4. True
  5. 4
  6. 4
  7. 3
  8. True
  9. 7
  10. False
  11. cost price
  12. what it cost you
  13. False
  14. True
  15. True
  16. 3
  17. 2
  18. 168
  19. cost price
  20. False
  21. Loss
  22. SP less than CP
  23. False
  24. selling price
  25. 1
  26. 1
  27. 68
  28. selling price
  29. Profit
  30. Profit
  31. 120
  32. Loss
  33. Profit
  34. 9
  35. True
  36. 66
  37. 5
  38. selling price
  39. 32
  40. 19

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