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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 246 · 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: the wholesale price paid? (a) cost price (b) selling price
  2. 2.Aarav makes 20 cupcakes at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  4. 4.It costs ₹15 to make one jute bag. On the last day Zoya sells it for only ₹13. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.Tara makes 15 glasses of chai at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  8. 8.It costs ₹5 to make one potted plant. Meera sells it for ₹16. What is the profit on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the selling price. (a) True (b) False
  10. 10.Nisha makes 9 clay diyas at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  11. 11.It costs ₹29 to make one paper bookmark. Vihaan sells it for ₹40. What is the profit on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  15. 15.One glass of chai costs Lakshmi ₹46 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.True or false: “money spent to get it” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.One cup of lemonade costs ₹30 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹13 to make one clay diya. On the last day Riya sells it for only ₹10. How much is the loss on one (in ₹)?
  20. 20.Riya makes 6 painted pebbles at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  21. 21.Rohan makes 11 jute bags at a cost of ₹39 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  22. 22.It costs ₹56 to make one cup of lemonade. On the last day Joseph sells it for only ₹55. How much is the loss on one (in ₹)?
  23. 23.One jute bag costs ₹41 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹49 to make one cup of lemonade. Riya sells it for ₹54. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.One cup of lemonade costs Ishaan ₹48 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.Tara makes 5 glasses of chai at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.It costs ₹45 to make one glass of chai. On the last day Kabir sells it for only ₹41. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs ₹37 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what you paid for it” is the cost price. (a) True (b) False
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.One potted plant costs ₹27 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  34. 34.One friendship band costs Saanvi ₹21 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹14 to make one handmade card. Nisha sells it for ₹23. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹38 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) False (b) True
  38. 38.It costs ₹48 to make one handmade card. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  39. 39.Riya makes 10 cupcakes at a cost of ₹37 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  40. 40.One fruit cup costs ₹7 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. 100
  3. what it cost you
  4. 2
  5. cost price
  6. cost price
  7. 15
  8. 11
  9. True
  10. 72
  11. 11
  12. SP more than CP
  13. selling price
  14. what the buyer pays
  15. Loss
  16. False
  17. cost price
  18. 42
  19. 3
  20. 36
  21. 33
  22. 1
  23. 56
  24. 5
  25. selling price
  26. Loss
  27. 65
  28. selling price
  29. 4
  30. 41
  31. True
  32. True
  33. 37
  34. Loss
  35. 9
  36. 52
  37. False
  38. 10
  39. 120
  40. 22

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