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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 31 · 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.Vihaan makes 10 glasses of chai at a cost of ₹13 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.One paper bookmark costs ₹18 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.One clay diya costs Gurpreet ₹32 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.It costs ₹48 to make one friendship band. Arjun sells it for ₹68. What is the profit on one (in ₹)?
  10. 10.Kavya makes 29 paper bookmarks at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.True or false: “money spent to get it” is the cost price. (a) True (b) False
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  15. 15.One cup of lemonade costs Diya ₹43 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.One cupcake costs ₹32 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.One cup of lemonade costs Farhan ₹56 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹52 to make one paper bookmark. Saanvi sells it for ₹67. What is the profit on one (in ₹)?
  19. 19.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  20. 20.One fruit cup costs ₹53 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) True (b) False
  22. 22.It costs ₹53 to make one glass of chai. Dev sells it for ₹54. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.It costs ₹15 to make one painted pebble. On the last day Kabir sells it for only ₹5. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.Vihaan makes 28 glasses of chai at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  27. 27.Aarav makes 25 glasses of chai at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  28. 28.It costs ₹7 to make one painted pebble. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  29. 29.True or false: “money got from a sale” is the selling price. (a) False (b) True
  30. 30.True or false: “cost of making one” is the selling price. (a) False (b) True
  31. 31.It costs ₹44 to make one friendship band. Dev sells it for ₹59. What is the profit on one (in ₹)?
  32. 32.It costs ₹45 to make one painted pebble. On the last day Kavya sells it for only ₹44. How much is the loss on one (in ₹)?
  33. 33.Lakshmi makes 22 painted pebbles at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  34. 34.One bag of popcorn costs ₹46 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.One clay diya costs ₹56 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  36. 36.Ishaan makes 26 painted pebbles at a cost of ₹34 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  37. 37.One glass of chai costs ₹41 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹37 to make one handmade card. Joseph sells it for ₹44. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹28 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) True (b) False

Answer key

  1. 90
  2. SP more than CP
  3. cost price
  4. 21
  5. cost price
  6. Profit
  7. what it cost you
  8. selling price
  9. 20
  10. 29
  11. cost price
  12. True
  13. True
  14. what the buyer pays
  15. Loss
  16. 51
  17. Loss
  18. 15
  19. SP less than CP
  20. 59
  21. False
  22. 1
  23. selling price
  24. 10
  25. selling price
  26. 280
  27. 375
  28. 14
  29. True
  30. False
  31. 15
  32. 1
  33. 330
  34. 52
  35. 68
  36. 364
  37. 43
  38. 7
  39. 32
  40. False

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