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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 316 · 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.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.It costs ₹33 to make one clay diya. On the last day Arjun sells it for only ₹32. How much is the loss on one (in ₹)?
  4. 4.It costs ₹18 to make one cup of lemonade. On the last day Saanvi sells it for only ₹9. How much is the loss on one (in ₹)?
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.Dev makes 25 glasses of chai at a cost of ₹33 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  7. 7.It costs ₹17 to make one fruit cup. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
  8. 8.It costs ₹15 to make one cup of lemonade. On the last day Riya sells it for only ₹11. How much is the loss on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.Kabir makes 10 jute bags at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  11. 11.One potted plant costs ₹6 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  14. 14.Ananya makes 9 cups of lemonade at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  15. 15.It costs ₹27 to make one fruit cup. On the last day Diya sells it for only ₹18. How much is the loss on one (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  19. 19.It costs ₹8 to make one clay diya. Meera sells it for ₹28. What is the profit on one (in ₹)?
  20. 20.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.One jute bag costs ₹14 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹19 to make one painted pebble. Dev sells it for ₹39. What is the profit on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.Vihaan makes 21 jute bags at a cost of ₹40 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  26. 26.It costs ₹9 to make one friendship band. Aarav sells it for ₹10. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.It costs ₹43 to make one glass of chai. Dev sells it for ₹49. What is the profit on one (in ₹)?
  29. 29.It costs ₹20 to make one cupcake. Diya sells it for ₹24. What is the profit on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) False (b) True
  31. 31.One cupcake costs ₹59 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹10 to make one handmade card. Riya sells it for ₹18. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹11 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  34. 34.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  35. 35.Ananya makes 30 fruit cups at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  36. 36.One painted pebble costs ₹45 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “the price on your board” is the selling price. (a) False (b) True
  38. 38.Zoya makes 25 glasses of chai at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.It costs ₹54 to make one glass of chai. Kavya sells it for ₹61. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. cost price
  3. 1
  4. 9
  5. False
  6. 175
  7. 3
  8. 4
  9. False
  10. 130
  11. 14
  12. False
  13. cost price
  14. 36
  15. 9
  16. False
  17. cost price
  18. what it cost you
  19. 20
  20. what the buyer pays
  21. True
  22. 27
  23. 20
  24. True
  25. 231
  26. 1
  27. selling price
  28. 6
  29. 4
  30. False
  31. 66
  32. 8
  33. 21
  34. SP more than CP
  35. 300
  36. 61
  37. True
  38. 175
  39. selling price
  40. 7

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