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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 343 · 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 ₹17 to make one cup of lemonade. On the last day Kabir sells it for only ₹13. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  4. 4.Riya makes 16 potted plants at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  5. 5.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  6. 6.One glass of chai costs ₹42 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.It costs ₹11 to make one painted pebble. Joseph sells it for ₹24. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.It costs ₹51 to make one bag of popcorn. Tara sells it for ₹59. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  12. 12.It costs ₹15 to make one friendship band. On the last day Tara sells it for only ₹13. How much is the loss on one (in ₹)?
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.One fruit cup costs ₹56 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹55 to make one jute bag. Gurpreet sells it for ₹73. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  17. 17.It costs ₹25 to make one painted pebble. Tara sells it for ₹28. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹32 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.Aarav makes 30 fruit cups at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  21. 21.It costs ₹37 to make one painted pebble. On the last day Rohan sells it for only ₹33. How much is the loss on one (in ₹)?
  22. 22.One friendship band costs ₹18 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.One bag of popcorn costs Arjun ₹58 to make and sells for ₹71. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
  25. 25.It costs ₹45 to make one clay diya. On the last day Ananya sells it for only ₹40. How much is the loss on one (in ₹)?
  26. 26.One painted pebble costs ₹31 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹65 to make one glass of chai. On the last day Dev sells it for only ₹56. How much is the loss on one (in ₹)?
  28. 28.Aarav makes 13 glasses of chai at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.It costs ₹46 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹39. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.One cup of lemonade costs ₹17 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹12 to make one friendship band. On the last day Tara sells it for only ₹5. How much is the loss on one (in ₹)?
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.True or false: “money spent to get it” is the cost price. (a) False (b) True
  36. 36.It costs ₹12 to make one painted pebble. On the last day Joseph sells it for only ₹11. How much is the loss on one (in ₹)?
  37. 37.It costs ₹12 to make one potted plant. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  38. 38.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  39. 39.It costs ₹23 to make one potted plant. On the last day Meera sells it for only ₹15. How much is the loss on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the selling price. (a) False (b) True

Answer key

  1. 4
  2. selling price
  3. what the buyer pays
  4. 48
  5. SP more than CP
  6. 47
  7. selling price
  8. 13
  9. cost price
  10. 8
  11. what it cost you
  12. 2
  13. False
  14. 60
  15. 18
  16. cost price
  17. 3
  18. 46
  19. cost price
  20. 90
  21. 4
  22. 19
  23. Profit
  24. False
  25. 5
  26. 41
  27. 9
  28. 52
  29. True
  30. 7
  31. cost price
  32. 35
  33. 7
  34. True
  35. True
  36. 1
  37. 4
  38. SP less than CP
  39. 8
  40. False

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