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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 190 · 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 glass of chai costs ₹45 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  6. 6.It costs ₹18 to make one clay diya. On the last day Gurpreet sells it for only ₹15. How much is the loss on one (in ₹)?
  7. 7.It costs ₹47 to make one painted pebble. Gurpreet sells it for ₹54. What is the profit on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.True or false: “cost of making one” is the selling price. (a) False (b) True
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  12. 12.It costs ₹18 to make one potted plant. Rohan sells it for ₹20. What is the profit on one (in ₹)?
  13. 13.It costs ₹54 to make one cup of lemonade. Gurpreet sells it for ₹56. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.Zoya makes 19 fruit cups at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.One cup of lemonade costs ₹6 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.One clay diya costs Ananya ₹36 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.One cup of lemonade costs Meera ₹59 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One cup of lemonade costs Kabir ₹37 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  24. 24.It costs ₹54 to make one jute bag. Gurpreet sells it for ₹55. What is the profit on one (in ₹)?
  25. 25.Riya makes 8 glasses of chai at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  26. 26.True or false: “cost of making one” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.It costs ₹56 to make one painted pebble. On the last day Vihaan sells it for only ₹50. How much is the loss on one (in ₹)?
  29. 29.Ishaan makes 9 handmade cards at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  30. 30.One cupcake costs ₹8 to make. Kavya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.One cupcake costs Kavya ₹48 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One cupcake costs ₹32 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  33. 33.One bag of popcorn costs Kavya ₹44 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹22 to make one friendship band. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.It costs ₹12 to make one jute bag. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  37. 37.One handmade card costs Joseph ₹42 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.It costs ₹39 to make one cupcake. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  40. 40.Lakshmi makes 17 cupcakes at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?

Answer key

  1. 65
  2. SP more than CP
  3. selling price
  4. cost price
  5. what it cost you
  6. 3
  7. 7
  8. False
  9. False
  10. what the buyer pays
  11. SP less than CP
  12. 2
  13. 2
  14. False
  15. 19
  16. True
  17. 17
  18. Loss
  19. cost price
  20. Loss
  21. Profit
  22. True
  23. cost price
  24. 1
  25. 32
  26. True
  27. cost price
  28. 6
  29. 108
  30. 26
  31. Loss
  32. 44
  33. Profit
  34. 2
  35. selling price
  36. 17
  37. Profit
  38. True
  39. 4
  40. 34

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