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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 181 · 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 ₹25 to make one fruit cup. Aarav sells it for ₹29. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹43 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.It costs ₹13 to make one jute bag. Diya sells it for ₹25. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.It costs ₹18 to make one potted plant. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.One fruit cup costs ₹45 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “the price on your board” is the selling price. (a) False (b) True
  16. 16.Kavya makes 22 cupcakes at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.One potted plant costs Dev ₹52 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹50 to make one paper bookmark. Arjun sells it for ₹67. What is the profit on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.Gurpreet makes 26 cupcakes at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  22. 22.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.One potted plant costs ₹9 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹34 to make one cup of lemonade. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.It costs ₹44 to make one paper bookmark. On the last day Arjun sells it for only ₹35. How much is the loss on one (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) False (b) True
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.True or false: “money spent to get it” is the cost price. (a) False (b) True
  33. 33.It costs ₹36 to make one potted plant. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  34. 34.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.One clay diya costs ₹30 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹24 to make one friendship band. Ishaan sells it for ₹25. What is the profit on one (in ₹)?
  38. 38.It costs ₹68 to make one clay diya. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  39. 39.One paper bookmark costs Diya ₹52 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One potted plant costs Riya ₹52 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 4
  2. 56
  3. True
  4. 12
  5. cost price
  6. what the buyer pays
  7. selling price
  8. what it cost you
  9. False
  10. cost price
  11. 15
  12. cost price
  13. False
  14. 59
  15. True
  16. 330
  17. Profit
  18. 17
  19. True
  20. 104
  21. cost price
  22. SP more than CP
  23. selling price
  24. False
  25. True
  26. 14
  27. 2
  28. selling price
  29. 9
  30. False
  31. selling price
  32. True
  33. 5
  34. SP less than CP
  35. True
  36. 43
  37. 1
  38. 9
  39. Profit
  40. Profit

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