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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 193 · 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 ₹20 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹27 to make one handmade card. Dev sells it for ₹29. What is the profit on one (in ₹)?
  3. 3.It costs ₹42 to make one bag of popcorn. On the last day Aarav sells it for only ₹35. How much is the loss on one (in ₹)?
  4. 4.One friendship band costs ₹34 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.Tara makes 12 painted pebbles at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  11. 11.It costs ₹45 to make one fruit cup. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.One cup of lemonade costs ₹37 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.Riya makes 25 jute bags at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.One cup of lemonade costs Joseph ₹50 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Lakshmi makes 27 paper bookmarks at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.One cup of lemonade costs ₹39 to make. Saanvi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.Vihaan makes 6 paper bookmarks at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  25. 25.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  26. 26.It costs ₹22 to make one paper bookmark. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  27. 27.Dev makes 16 fruit cups at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  29. 29.It costs ₹60 to make one painted pebble. Riya sells it for ₹70. What is the profit on one (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.It costs ₹21 to make one potted plant. On the last day Ishaan sells it for only ₹18. How much is the loss on one (in ₹)?
  32. 32.It costs ₹39 to make one handmade card. Lakshmi sells it for ₹43. What is the profit on one (in ₹)?
  33. 33.It costs ₹9 to make one bag of popcorn. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs Rohan ₹26 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹47 to make one clay diya. Riya sells it for ₹63. What is the profit on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) False (b) True
  37. 37.Kabir makes 18 painted pebbles at a cost of ₹40 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  38. 38.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  39. 39.One painted pebble costs ₹20 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹51 to make one potted plant. On the last day Riya sells it for only ₹44. How much is the loss on one (in ₹)?

Answer key

  1. 38
  2. 2
  3. 7
  4. 36
  5. what the buyer pays
  6. cost price
  7. selling price
  8. 72
  9. cost price
  10. what it cost you
  11. 19
  12. True
  13. True
  14. 50
  15. False
  16. 225
  17. Profit
  18. 243
  19. selling price
  20. 59
  21. True
  22. 12
  23. cost price
  24. selling price
  25. SP less than CP
  26. 3
  27. 64
  28. selling price
  29. 10
  30. False
  31. 3
  32. 4
  33. 10
  34. Profit
  35. 16
  36. True
  37. 108
  38. SP more than CP
  39. 23
  40. 7

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