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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 130 · 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 ₹37 to make one glass of chai. On the last day Vihaan sells it for only ₹33. How much is the loss on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.It costs ₹45 to make one cup of lemonade. Arjun sells it for ₹46. What is the profit on one (in ₹)?
  5. 5.It costs ₹22 to make one cup of lemonade. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  6. 6.It costs ₹50 to make one paper bookmark. On the last day Nisha sells it for only ₹40. How much is the loss on one (in ₹)?
  7. 7.It costs ₹30 to make one jute bag. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  8. 8.It costs ₹41 to make one painted pebble. Meera sells it for ₹61. What is the profit on one (in ₹)?
  9. 9.It costs ₹9 to make one glass of chai. Zoya sells it for ₹12. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.One glass of chai costs ₹42 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.One cupcake costs ₹17 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.Aarav makes 8 friendship bands at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  16. 16.It costs ₹25 to make one cupcake. Dev sells it for ₹40. What is the profit on one (in ₹)?
  17. 17.It costs ₹40 to make one cupcake. Arjun sells it for ₹59. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹38 to make. Ishaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.One paper bookmark costs Vihaan ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹50 to make one cup of lemonade. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  22. 22.It costs ₹44 to make one painted pebble. On the last day Meera sells it for only ₹43. How much is the loss on one (in ₹)?
  23. 23.One bag of popcorn costs Dev ₹22 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.It costs ₹34 to make one bag of popcorn. Vihaan sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
  27. 27.True or false: “the price on your board” is the cost price. (a) True (b) False
  28. 28.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.It costs ₹53 to make one glass of chai. Joseph sells it for ₹54. What is the profit on one (in ₹)?
  31. 31.It costs ₹48 to make one cup of lemonade. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  32. 32.Lakshmi makes 15 glasses of chai at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  33. 33.It costs ₹37 to make one bag of popcorn. Kavya sells it for ₹39. What is the profit on one (in ₹)?
  34. 34.One friendship band costs Aarav ₹51 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹59 to make one bag of popcorn. Riya sells it for ₹62. What is the profit on one (in ₹)?
  36. 36.It costs ₹29 to make one bag of popcorn. Diya sells it for ₹39. What is the profit on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) True (b) False
  38. 38.One potted plant costs Lakshmi ₹45 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One clay diya costs Meera ₹57 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One bag of popcorn costs Zoya ₹21 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 4
  2. SP more than CP
  3. True
  4. 1
  5. 7
  6. 10
  7. 5
  8. 20
  9. 3
  10. cost price
  11. 50
  12. selling price
  13. False
  14. 30
  15. 8
  16. 15
  17. 19
  18. 44
  19. Profit
  20. 3
  21. selling price
  22. 1
  23. Loss
  24. False
  25. 10
  26. True
  27. False
  28. what it cost you
  29. True
  30. 1
  31. 17
  32. 165
  33. 2
  34. Loss
  35. 3
  36. 10
  37. False
  38. Loss
  39. Loss
  40. Loss

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