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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 387 · 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.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  2. 2.True or false: “the price on your board” is the selling price. (a) False (b) True
  3. 3.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  4. 4.True or false: “money got from a sale” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.It costs ₹60 to make one fruit cup. Diya sells it for ₹71. What is the profit on one (in ₹)?
  7. 7.It costs ₹58 to make one handmade card. On the last day Ananya sells it for only ₹55. How much is the loss on one (in ₹)?
  8. 8.Meera makes 9 glasses of chai at a cost of ₹24 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.One cup of lemonade costs ₹27 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.It costs ₹31 to make one potted plant. On the last day Nisha sells it for only ₹24. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.Vihaan makes 5 paper bookmarks at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  17. 17.It costs ₹50 to make one cupcake. Joseph sells it for ₹65. What is the profit on one (in ₹)?
  18. 18.It costs ₹9 to make one cupcake. Riya sells it for ₹22. What is the profit on one (in ₹)?
  19. 19.It costs ₹39 to make one cup of lemonade. On the last day Joseph sells it for only ₹38. How much is the loss on one (in ₹)?
  20. 20.Kabir makes 12 cupcakes at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  22. 22.One cup of lemonade costs Riya ₹18 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Aarav makes 22 painted pebbles at a cost of ₹37 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  24. 24.It costs ₹16 to make one cupcake. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  25. 25.One fruit cup costs ₹7 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.Nisha makes 30 clay diyas at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  27. 27.It costs ₹43 to make one handmade card. On the last day Diya sells it for only ₹41. How much is the loss on one (in ₹)?
  28. 28.It costs ₹57 to make one fruit cup. On the last day Saanvi sells it for only ₹55. How much is the loss on one (in ₹)?
  29. 29.One clay diya costs ₹6 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  33. 33.One handmade card costs Lakshmi ₹50 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One handmade card costs Kavya ₹46 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Joseph makes 6 cups of lemonade at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  36. 36.Gurpreet makes 8 jute bags at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.It costs ₹23 to make one painted pebble. Lakshmi sells it for ₹26. What is the profit on one (in ₹)?
  39. 39.Tara makes 12 jute bags at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  40. 40.One cup of lemonade costs ₹45 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. True
  3. SP more than CP
  4. True
  5. cost price
  6. 11
  7. 3
  8. 45
  9. False
  10. True
  11. selling price
  12. 28
  13. False
  14. 7
  15. cost price
  16. 45
  17. 15
  18. 13
  19. 1
  20. 96
  21. selling price
  22. Loss
  23. 308
  24. 1
  25. 20
  26. 210
  27. 2
  28. 2
  29. 24
  30. what it cost you
  31. selling price
  32. cost price
  33. Profit
  34. Loss
  35. 66
  36. 120
  37. selling price
  38. 3
  39. 24
  40. 47

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