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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 37 · 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 ₹20 to make one handmade card. On the last day Dev sells it for only ₹12. How much is the loss on one (in ₹)?
  2. 2.Lakshmi makes 19 cups of lemonade at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  3. 3.Ananya makes 6 clay diyas at a cost of ₹6 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  4. 4.True or false: “money spent to get it” is the cost price. (a) True (b) False
  5. 5.One glass of chai costs ₹19 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  7. 7.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  10. 10.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  11. 11.True or false: “what a customer pays” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.It costs ₹53 to make one painted pebble. Rohan sells it for ₹63. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs Dev ₹40 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One fruit cup costs ₹22 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.One painted pebble costs ₹29 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.One painted pebble costs ₹37 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) False (b) True
  21. 21.It costs ₹17 to make one handmade card. Meera sells it for ₹19. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.Aarav makes 25 paper bookmarks at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  24. 24.One glass of chai costs ₹30 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
  26. 26.One cupcake costs ₹58 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.Riya makes 6 painted pebbles at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  30. 30.It costs ₹9 to make one cupcake. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  31. 31.Ishaan makes 22 bags of popcorn at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  32. 32.One clay diya costs Arjun ₹46 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.Riya makes 6 cupcakes at a cost of ₹6 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  34. 34.Joseph makes 14 paper bookmarks at a cost of ₹29 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.One clay diya costs Vihaan ₹50 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One handmade card costs Ananya ₹43 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹58 to make one fruit cup. Saanvi sells it for ₹75. What is the profit on one (in ₹)?
  39. 39.It costs ₹22 to make one potted plant. Riya sells it for ₹25. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs Aarav ₹28 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 8
  2. 247
  3. 42
  4. True
  5. 21
  6. what the buyer pays
  7. what it cost you
  8. cost price
  9. SP more than CP
  10. SP less than CP
  11. True
  12. selling price
  13. 10
  14. Profit
  15. 31
  16. False
  17. cost price
  18. 32
  19. 48
  20. True
  21. 2
  22. selling price
  23. 150
  24. 42
  25. False
  26. 64
  27. False
  28. cost price
  29. 42
  30. 14
  31. 286
  32. Loss
  33. 18
  34. 112
  35. selling price
  36. Loss
  37. Loss
  38. 17
  39. 3
  40. Loss

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