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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 155 · 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.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  2. 2.One paper bookmark costs ₹53 to make. Saanvi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹58 to make one cupcake. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  4. 4.One clay diya costs ₹19 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  5. 5.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  6. 6.One handmade card costs Gurpreet ₹60 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.True or false: “what a customer pays” is the cost price. (a) False (b) True
  8. 8.One cup of lemonade costs Riya ₹17 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.It costs ₹33 to make one fruit cup. On the last day Lakshmi sells it for only ₹27. How much is the loss on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  11. 11.True or false: “what you paid for it” is the selling price. (a) True (b) False
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.It costs ₹37 to make one painted pebble. Aarav sells it for ₹49. What is the profit on one (in ₹)?
  14. 14.It costs ₹22 to make one cupcake. On the last day Lakshmi sells it for only ₹17. How much is the loss on one (in ₹)?
  15. 15.It costs ₹31 to make one glass of chai. Diya sells it for ₹51. What is the profit on one (in ₹)?
  16. 16.It costs ₹35 to make one clay diya. Diya sells it for ₹38. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹20 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.One glass of chai costs Nisha ₹24 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Kabir makes 22 clay diyas at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) True (b) False
  22. 22.Aarav makes 25 friendship bands at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  23. 23.One potted plant costs ₹50 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.True or false: “cost of making one” is the cost price. (a) True (b) False
  26. 26.It costs ₹14 to make one cupcake. Arjun sells it for ₹23. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs Ananya ₹21 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  29. 29.Zoya makes 13 potted plants at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  30. 30.It costs ₹35 to make one friendship band. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  31. 31.One clay diya costs Ananya ₹33 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.One handmade card costs ₹58 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹30 to make one cup of lemonade. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  39. 39.It costs ₹5 to make one handmade card. Meera sells it for ₹20. What is the profit on one (in ₹)?
  40. 40.Kabir makes 14 cups of lemonade at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?

Answer key

  1. what it cost you
  2. 64
  3. 6
  4. 38
  5. what the buyer pays
  6. Profit
  7. False
  8. Loss
  9. 6
  10. SP less than CP
  11. False
  12. False
  13. 12
  14. 5
  15. 20
  16. 3
  17. 30
  18. cost price
  19. Loss
  20. 88
  21. False
  22. 100
  23. 58
  24. True
  25. True
  26. 9
  27. Profit
  28. SP more than CP
  29. 65
  30. 10
  31. Loss
  32. cost price
  33. selling price
  34. 74
  35. 10
  36. cost price
  37. False
  38. cost price
  39. 15
  40. 168

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