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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 303 · 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.It costs ₹49 to make one painted pebble. Riya sells it for ₹52. What is the profit on one (in ₹)?
  2. 2.True or false: “what a customer pays” is the cost price. (a) True (b) False
  3. 3.One clay diya costs ₹15 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  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: what you paid for it? (a) cost price (b) selling price
  8. 8.One cupcake costs ₹20 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  10. 10.It costs ₹48 to make one glass of chai. On the last day Kavya sells it for only ₹47. How much is the loss on one (in ₹)?
  11. 11.It costs ₹15 to make one fruit cup. Riya sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.It costs ₹21 to make one painted pebble. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  14. 14.One potted plant costs Kavya ₹25 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹40 to make one cup of lemonade. Joseph sells it for ₹43. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs Farhan ₹52 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  18. 18.One clay diya costs Lakshmi ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹21 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹13. How much is the loss on one (in ₹)?
  20. 20.It costs ₹32 to make one cup of lemonade. Joseph sells it for ₹44. What is the profit on one (in ₹)?
  21. 21.Meera makes 15 cups of lemonade at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  22. 22.True or false: “money spent to get it” is the cost price. (a) True (b) False
  23. 23.It costs ₹24 to make one bag of popcorn. Tara sells it for ₹29. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs Riya ₹41 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Dev makes 26 fruit cups at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  27. 27.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  28. 28.It costs ₹61 to make one glass of chai. On the last day Diya sells it for only ₹59. How much is the loss on one (in ₹)?
  29. 29.Ishaan makes 5 handmade cards at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.It costs ₹33 to make one painted pebble. On the last day Farhan sells it for only ₹27. How much is the loss on one (in ₹)?
  32. 32.One handmade card costs Lakshmi ₹30 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹16 to make one friendship band. Diya sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs Kavya ₹53 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.True or false: “cost of making one” is the cost price. (a) False (b) True
  38. 38.One cup of lemonade costs ₹17 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.It costs ₹60 to make one handmade card. On the last day Ishaan sells it for only ₹50. How much is the loss on one (in ₹)?

Answer key

  1. 3
  2. False
  3. 33
  4. SP more than CP
  5. selling price
  6. False
  7. cost price
  8. 31
  9. SP less than CP
  10. 1
  11. 16
  12. cost price
  13. 3
  14. Profit
  15. 3
  16. Loss
  17. what it cost you
  18. Profit
  19. 8
  20. 12
  21. 15
  22. True
  23. 5
  24. Loss
  25. 130
  26. False
  27. what the buyer pays
  28. 2
  29. 25
  30. False
  31. 6
  32. Loss
  33. 10
  34. Loss
  35. selling price
  36. False
  37. True
  38. 22
  39. selling price
  40. 10

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