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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 408 · 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.

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  1. 1.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  2. 2.It costs ₹44 to make one potted plant. On the last day Arjun sells it for only ₹40. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.Diya makes 29 paper bookmarks at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  8. 8.It costs ₹39 to make one cup of lemonade. Lakshmi sells it for ₹46. What is the profit on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the cost price. (a) False (b) True
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  11. 11.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  12. 12.Aarav makes 27 cups of lemonade at a cost of ₹22 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  13. 13.True or false: “what you paid for it” is the selling price. (a) False (b) True
  14. 14.It costs ₹29 to make one friendship band. On the last day Lakshmi sells it for only ₹21. How much is the loss on one (in ₹)?
  15. 15.One cupcake costs Rohan ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.One fruit cup costs Vihaan ₹32 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹26 to make one friendship band. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.One cupcake costs Farhan ₹42 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.Ishaan makes 10 jute bags at a cost of ₹32 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  22. 22.Ananya makes 8 cups of lemonade at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.True or false: “money spent to get it” is the selling price. (a) False (b) True
  27. 27.One jute bag costs ₹37 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  30. 30.One glass of chai costs ₹46 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.Kabir makes 21 cupcakes at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.One handmade card costs ₹40 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  37. 37.One painted pebble costs ₹10 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.One cupcake costs ₹22 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹42 to make one friendship band. Vihaan sells it for ₹48. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 4
  3. cost price
  4. True
  5. 348
  6. what it cost you
  7. SP less than CP
  8. 7
  9. False
  10. True
  11. what the buyer pays
  12. 270
  13. False
  14. 8
  15. Profit
  16. Loss
  17. 3
  18. selling price
  19. cost price
  20. Profit
  21. 90
  22. 120
  23. True
  24. cost price
  25. selling price
  26. False
  27. 48
  28. True
  29. False
  30. 59
  31. 126
  32. True
  33. 48
  34. False
  35. selling price
  36. SP more than CP
  37. 13
  38. True
  39. 28
  40. 6

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