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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 200 · 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 or selling price: what a customer pays? (a) selling price (b) cost price
  2. 2.Rohan makes 8 painted pebbles at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.One jute bag costs ₹14 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.It costs ₹10 to make one glass of chai. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  9. 9.Aarav makes 27 glasses of chai at a cost of ₹16 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  10. 10.It costs ₹7 to make one glass of chai. Vihaan sells it for ₹16. What is the profit on one (in ₹)?
  11. 11.One potted plant costs Arjun ₹25 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  13. 13.It costs ₹59 to make one glass of chai. Kavya sells it for ₹73. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.One glass of chai costs ₹35 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.True or false: “the price on your board” is the selling price. (a) False (b) True
  21. 21.One bag of popcorn costs Meera ₹44 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One friendship band costs Ishaan ₹33 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Zoya makes 29 paper bookmarks at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  24. 24.One cupcake costs Kabir ₹26 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One painted pebble costs Riya ₹35 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹53 to make one handmade card. On the last day Riya sells it for only ₹47. How much is the loss on one (in ₹)?
  27. 27.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.One cup of lemonade costs ₹58 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  30. 30.Ananya makes 9 bags of popcorn at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  31. 31.It costs ₹40 to make one clay diya. On the last day Zoya sells it for only ₹30. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.It costs ₹16 to make one bag of popcorn. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?
  34. 34.True or false: “the price you sell at” is the selling price. (a) False (b) True
  35. 35.Farhan makes 11 paper bookmarks at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  36. 36.One fruit cup costs ₹43 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.One potted plant costs ₹58 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹35 to make one handmade card. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  39. 39.True or false: “cost of making one” is the selling price. (a) False (b) True
  40. 40.One jute bag costs Meera ₹46 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. 88
  3. SP more than CP
  4. cost price
  5. 28
  6. cost price
  7. cost price
  8. 19
  9. 297
  10. 9
  11. Profit
  12. what it cost you
  13. 14
  14. selling price
  15. 41
  16. True
  17. SP less than CP
  18. selling price
  19. cost price
  20. True
  21. Profit
  22. Profit
  23. 145
  24. Profit
  25. Profit
  26. 6
  27. what the buyer pays
  28. False
  29. 62
  30. 108
  31. 10
  32. selling price
  33. 5
  34. True
  35. 99
  36. 56
  37. 59
  38. 15
  39. False
  40. Profit

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