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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 359 · 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.Nisha makes 12 potted plants at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  2. 2.One potted plant costs ₹27 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  4. 4.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.It costs ₹29 to make one cup of lemonade. On the last day Ishaan sells it for only ₹22. How much is the loss on one (in ₹)?
  7. 7.Ananya makes 17 clay diyas at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  8. 8.True or false: “what you paid for it” is the cost price. (a) False (b) True
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.True or false: “what a customer pays” is the cost price. (a) False (b) True
  11. 11.One glass of chai costs ₹30 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  12. 12.One bag of popcorn costs Farhan ₹42 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One friendship band costs Lakshmi ₹43 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.It costs ₹45 to make one paper bookmark. On the last day Vihaan sells it for only ₹43. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  18. 18.One cup of lemonade costs Saanvi ₹53 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹25 to make one potted plant. On the last day Nisha sells it for only ₹17. How much is the loss on one (in ₹)?
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.Nisha makes 20 glasses of chai at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  24. 24.One painted pebble costs ₹10 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.One potted plant costs Arjun ₹60 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One jute bag costs Zoya ₹45 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Joseph makes 9 jute bags at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  29. 29.Meera makes 27 glasses of chai at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  30. 30.One fruit cup costs Arjun ₹33 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.It costs ₹20 to make one friendship band. On the last day Joseph sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.It costs ₹17 to make one cup of lemonade. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.One bag of popcorn costs Rohan ₹52 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One glass of chai costs Ananya ₹54 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 36
  2. 34
  3. what it cost you
  4. SP more than CP
  5. selling price
  6. 7
  7. 204
  8. True
  9. False
  10. False
  11. 48
  12. Loss
  13. Profit
  14. what the buyer pays
  15. False
  16. 2
  17. selling price
  18. Profit
  19. 8
  20. SP less than CP
  21. selling price
  22. cost price
  23. 60
  24. 16
  25. Loss
  26. Profit
  27. 117
  28. selling price
  29. 108
  30. Loss
  31. cost price
  32. 3
  33. False
  34. True
  35. 14
  36. cost price
  37. cost price
  38. False
  39. Loss
  40. Loss

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