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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 175 · 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.One jute bag costs Diya ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.One potted plant costs ₹46 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹17 to make one glass of chai. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.Kavya makes 9 cups of lemonade at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  7. 7.It costs ₹6 to make one jute bag. Vihaan sells it for ₹8. What is the profit on one (in ₹)?
  8. 8.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  9. 9.It costs ₹29 to make one cup of lemonade. Ishaan sells it for ₹43. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  11. 11.One glass of chai costs ₹8 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  12. 12.One clay diya costs ₹29 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  13. 13.One painted pebble costs ₹12 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹9 to make one potted plant. On the last day Farhan sells it for only ₹6. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.It costs ₹44 to make one glass of chai. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹52 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  18. 18.One potted plant costs Dev ₹60 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  22. 22.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  23. 23.One handmade card costs ₹30 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.True or false: “money spent to get it” is the cost price. (a) True (b) False
  26. 26.It costs ₹39 to make one glass of chai. On the last day Zoya sells it for only ₹36. How much is the loss on one (in ₹)?
  27. 27.Arjun makes 24 painted pebbles at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  28. 28.Zoya makes 27 cups of lemonade at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  30. 30.One glass of chai costs ₹18 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹16 to make one clay diya. Nisha sells it for ₹25. What is the profit on one (in ₹)?
  32. 32.It costs ₹31 to make one potted plant. On the last day Tara sells it for only ₹28. How much is the loss on one (in ₹)?
  33. 33.One glass of chai costs ₹6 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  34. 34.One paper bookmark costs ₹37 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹27 to make one painted pebble. Meera sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.True or false: “the price on your board” is the selling price. (a) True (b) False
  38. 38.It costs ₹43 to make one fruit cup. Riya sells it for ₹50. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.It costs ₹7 to make one cup of lemonade. Ishaan sells it for ₹22. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. selling price
  3. 62
  4. 4
  5. cost price
  6. 54
  7. 2
  8. what the buyer pays
  9. 14
  10. selling price
  11. 21
  12. 30
  13. 19
  14. 3
  15. cost price
  16. 13
  17. 69
  18. Loss
  19. what it cost you
  20. selling price
  21. SP less than CP
  22. SP more than CP
  23. 49
  24. False
  25. True
  26. 3
  27. 24
  28. 54
  29. True
  30. 22
  31. 9
  32. 3
  33. 7
  34. 43
  35. 6
  36. False
  37. True
  38. 7
  39. cost price
  40. 15

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