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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 230 · 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.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.It costs ₹32 to make one painted pebble. Dev sells it for ₹39. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹51 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  6. 6.It costs ₹20 to make one friendship band. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  7. 7.It costs ₹17 to make one painted pebble. On the last day Gurpreet sells it for only ₹10. How much is the loss on one (in ₹)?
  8. 8.It costs ₹51 to make one bag of popcorn. Tara sells it for ₹55. What is the profit on one (in ₹)?
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  10. 10.Diya makes 30 cups of lemonade at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  13. 13.True or false: “what a customer pays” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.Meera makes 22 glasses of chai at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.Zoya makes 21 cups of lemonade at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.True or false: “what you paid for it” is the selling price. (a) True (b) False
  20. 20.One cup of lemonade costs ₹32 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.True or false: “money got from a sale” is the cost price. (a) False (b) True
  23. 23.One paper bookmark costs ₹44 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹6 to make one cup of lemonade. Joseph sells it for ₹12. What is the profit on one (in ₹)?
  25. 25.Vihaan makes 21 friendship bands at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  26. 26.It costs ₹25 to make one paper bookmark. On the last day Farhan sells it for only ₹20. How much is the loss on one (in ₹)?
  27. 27.One clay diya costs Ananya ₹32 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹6 to make one cupcake. Saanvi sells it for ₹9. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹14 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.One glass of chai costs Kavya ₹44 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹15 to make one cup of lemonade. On the last day Dev sells it for only ₹13. How much is the loss on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.One paper bookmark costs ₹18 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹55 to make one potted plant. Aarav sells it for ₹60. What is the profit on one (in ₹)?
  35. 35.True or false: “money spent to get it” is the cost price. (a) True (b) False
  36. 36.Diya makes 25 jute bags at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.Diya makes 5 paper bookmarks at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  40. 40.It costs ₹28 to make one bag of popcorn. Ishaan sells it for ₹38. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. selling price
  3. 7
  4. 59
  5. what the buyer pays
  6. 10
  7. 7
  8. 4
  9. SP less than CP
  10. 330
  11. False
  12. SP more than CP
  13. True
  14. selling price
  15. 110
  16. cost price
  17. 231
  18. cost price
  19. False
  20. 51
  21. selling price
  22. False
  23. 62
  24. 6
  25. 189
  26. 5
  27. Loss
  28. 3
  29. 31
  30. Profit
  31. 2
  32. True
  33. 34
  34. 5
  35. True
  36. 300
  37. what it cost you
  38. selling price
  39. 65
  40. 10

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