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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 29 · 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.It costs ₹14 to make one glass of chai. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  2. 2.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  3. 3.One cup of lemonade costs ₹5 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹13 to make one cupcake. On the last day Meera sells it for only ₹10. How much is the loss on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.One fruit cup costs ₹30 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.Ananya makes 16 fruit cups at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  9. 9.Kavya makes 23 fruit cups at a cost of ₹22 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  10. 10.It costs ₹49 to make one bag of popcorn. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the selling price. (a) True (b) False
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.Ishaan makes 27 clay diyas at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  16. 16.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  17. 17.It costs ₹38 to make one paper bookmark. Ananya sells it for ₹58. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.It costs ₹10 to make one fruit cup. Gurpreet sells it for ₹29. What is the profit on one (in ₹)?
  20. 20.It costs ₹6 to make one cupcake. Ananya sells it for ₹20. What is the profit on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.True or false: “money got from a sale” is the cost price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  25. 25.It costs ₹62 to make one jute bag. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
  26. 26.Vihaan makes 10 potted plants at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.It costs ₹32 to make one potted plant. Tara sells it for ₹37. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs Zoya ₹28 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹13 to make one bag of popcorn. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  31. 31.Riya makes 7 clay diyas at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.True or false: “what you paid for it” is the cost price. (a) False (b) True
  35. 35.It costs ₹13 to make one jute bag. Lakshmi sells it for ₹24. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹42 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹39 to make one bag of popcorn. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  38. 38.It costs ₹44 to make one cupcake. On the last day Kavya sells it for only ₹36. How much is the loss on one (in ₹)?
  39. 39.It costs ₹12 to make one jute bag. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs Lakshmi ₹58 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 7
  2. SP more than CP
  3. 8
  4. 3
  5. False
  6. selling price
  7. 35
  8. 48
  9. 230
  10. 14
  11. True
  12. False
  13. what it cost you
  14. True
  15. 81
  16. what the buyer pays
  17. 20
  18. cost price
  19. 19
  20. 14
  21. True
  22. False
  23. selling price
  24. SP less than CP
  25. 6
  26. 10
  27. cost price
  28. 5
  29. Profit
  30. 7
  31. 84
  32. False
  33. cost price
  34. True
  35. 11
  36. 47
  37. 5
  38. 8
  39. 4
  40. Loss

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