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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 344 · 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.Diya makes 14 cupcakes at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  2. 2.It costs ₹33 to make one painted pebble. On the last day Riya sells it for only ₹28. How much is the loss on one (in ₹)?
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  4. 4.One painted pebble costs Joseph ₹57 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One cupcake costs Joseph ₹49 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.It costs ₹64 to make one fruit cup. On the last day Dev sells it for only ₹56. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.One painted pebble costs ₹49 to make. Saanvi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.One jute bag costs ₹44 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹19 to make one fruit cup. On the last day Nisha sells it for only ₹18. How much is the loss on one (in ₹)?
  13. 13.Farhan makes 23 jute bags at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  14. 14.It costs ₹14 to make one glass of chai. Nisha sells it for ₹15. What is the profit on one (in ₹)?
  15. 15.It costs ₹16 to make one cup of lemonade. On the last day Saanvi sells it for only ₹11. How much is the loss on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the cost price. (a) True (b) False
  17. 17.True or false: “what a customer pays” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  19. 19.Vihaan makes 26 cups of lemonade at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  20. 20.It costs ₹19 to make one glass of chai. On the last day Vihaan sells it for only ₹11. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  22. 22.One glass of chai costs ₹26 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  23. 23.One cupcake costs ₹9 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money got from a sale” is the cost price. (a) True (b) False
  25. 25.One glass of chai costs Nisha ₹29 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One fruit cup costs Lakshmi ₹21 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  28. 28.True or false: “the price you sell at” is the selling price. (a) True (b) False
  29. 29.It costs ₹10 to make one cup of lemonade. Lakshmi sells it for ₹13. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹20 to make one glass of chai. On the last day Ishaan sells it for only ₹19. How much is the loss on one (in ₹)?
  32. 32.True or false: “money spent to get it” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.It costs ₹41 to make one fruit cup. On the last day Kabir sells it for only ₹36. How much is the loss on one (in ₹)?
  35. 35.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.One potted plant costs ₹39 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹34 to make one clay diya. On the last day Lakshmi sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.One paper bookmark costs ₹37 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. 42
  2. 5
  3. what the buyer pays
  4. Loss
  5. Loss
  6. cost price
  7. 8
  8. cost price
  9. False
  10. 60
  11. 60
  12. 1
  13. 253
  14. 1
  15. 5
  16. True
  17. False
  18. what it cost you
  19. 26
  20. 8
  21. cost price
  22. 43
  23. 29
  24. False
  25. Loss
  26. Loss
  27. SP more than CP
  28. True
  29. 3
  30. selling price
  31. 1
  32. True
  33. selling price
  34. 5
  35. SP less than CP
  36. selling price
  37. False
  38. 46
  39. 8
  40. 47

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