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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 330 · 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 ₹21 to make one painted pebble. Ananya sells it for ₹32. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.It costs ₹11 to make one fruit cup. Ishaan sells it for ₹19. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.One jute bag costs Lakshmi ₹39 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One clay diya costs Joseph ₹38 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One cup of lemonade costs Arjun ₹44 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.It costs ₹26 to make one clay diya. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.One fruit cup costs ₹39 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.Lakshmi makes 29 fruit cups at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  21. 21.Rohan makes 10 glasses of chai at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.It costs ₹10 to make one clay diya. Kavya sells it for ₹26. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.True or false: “the price you sell at” is the cost price. (a) False (b) True
  26. 26.Riya makes 5 cupcakes at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  30. 30.It costs ₹50 to make one paper bookmark. Kabir sells it for ₹59. What is the profit on one (in ₹)?
  31. 31.Meera makes 9 bags of popcorn at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  32. 32.One glass of chai costs Kavya ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹60 to make one clay diya. On the last day Zoya sells it for only ₹57. How much is the loss on one (in ₹)?
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.One glass of chai costs Ishaan ₹34 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹19 to make one painted pebble. Aarav sells it for ₹36. What is the profit on one (in ₹)?
  37. 37.Meera makes 10 friendship bands at a cost of ₹34 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  38. 38.True or false: “cost of making one” is the selling price. (a) False (b) True
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.It costs ₹59 to make one jute bag. On the last day Kavya sells it for only ₹57. How much is the loss on one (in ₹)?

Answer key

  1. 11
  2. cost price
  3. 8
  4. what it cost you
  5. selling price
  6. Profit
  7. Loss
  8. Loss
  9. selling price
  10. 4
  11. cost price
  12. 53
  13. cost price
  14. True
  15. what the buyer pays
  16. cost price
  17. SP less than CP
  18. False
  19. False
  20. 203
  21. 150
  22. selling price
  23. 16
  24. False
  25. False
  26. 15
  27. True
  28. True
  29. SP more than CP
  30. 9
  31. 27
  32. Loss
  33. 3
  34. True
  35. Profit
  36. 17
  37. 140
  38. False
  39. False
  40. 2

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