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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 248 · 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.Kabir makes 26 glasses of chai at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  2. 2.One friendship band costs Arjun ₹44 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.It costs ₹44 to make one cupcake. On the last day Riya sells it for only ₹34. How much is the loss on one (in ₹)?
  9. 9.Lakshmi makes 13 bags of popcorn at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  10. 10.It costs ₹41 to make one cupcake. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  11. 11.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  12. 12.One paper bookmark costs ₹26 to make. Tara wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  14. 14.One clay diya costs ₹16 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  17. 17.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.It costs ₹9 to make one paper bookmark. Meera sells it for ₹16. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  24. 24.One fruit cup costs Arjun ₹22 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One cup of lemonade costs Ishaan ₹36 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One glass of chai costs ₹60 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.One clay diya costs ₹27 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹50 to make one paper bookmark. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
  30. 30.It costs ₹37 to make one painted pebble. Saanvi sells it for ₹51. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹34 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “money spent to get it” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.It costs ₹9 to make one friendship band. Dev sells it for ₹14. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹25 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.One fruit cup costs Ishaan ₹18 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One cupcake costs ₹24 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what a customer pays” is the cost price. (a) True (b) False
  39. 39.One fruit cup costs ₹51 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.Riya makes 21 fruit cups at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?

Answer key

  1. 182
  2. Profit
  3. what the buyer pays
  4. True
  5. False
  6. False
  7. selling price
  8. 10
  9. 39
  10. 19
  11. SP less than CP
  12. 46
  13. SP more than CP
  14. 34
  15. True
  16. cost price
  17. True
  18. True
  19. cost price
  20. False
  21. False
  22. 7
  23. what it cost you
  24. Loss
  25. Loss
  26. 61
  27. 46
  28. 13
  29. False
  30. 14
  31. 36
  32. True
  33. selling price
  34. 5
  35. 41
  36. Profit
  37. 34
  38. False
  39. 54
  40. 231

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