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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 422 · 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.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  2. 2.It costs ₹30 to make one cup of lemonade. On the last day Dev sells it for only ₹27. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.It costs ₹39 to make one painted pebble. Kavya sells it for ₹42. What is the profit on one (in ₹)?
  5. 5.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  6. 6.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  7. 7.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  8. 8.It costs ₹30 to make one cup of lemonade. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.It costs ₹15 to make one paper bookmark. On the last day Vihaan sells it for only ₹11. How much is the loss on one (in ₹)?
  11. 11.True or false: “money spent to get it” is the cost price. (a) True (b) False
  12. 12.It costs ₹18 to make one cupcake. On the last day Kabir sells it for only ₹8. How much is the loss on one (in ₹)?
  13. 13.Ishaan makes 29 fruit cups at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  14. 14.Kavya makes 9 friendship bands at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  15. 15.One jute bag costs ₹14 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.It costs ₹19 to make one paper bookmark. Kavya sells it for ₹27. What is the profit on one (in ₹)?
  18. 18.It costs ₹14 to make one cup of lemonade. On the last day Vihaan sells it for only ₹5. How much is the loss on one (in ₹)?
  19. 19.Rohan makes 8 potted plants at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  20. 20.It costs ₹66 to make one cup of lemonade. On the last day Joseph sells it for only ₹59. How much is the loss on one (in ₹)?
  21. 21.It costs ₹19 to make one cup of lemonade. Kabir sells it for ₹22. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹48 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.One handmade card costs ₹22 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹21 to make one clay diya. On the last day Vihaan sells it for only ₹18. How much is the loss on one (in ₹)?
  25. 25.True or false: “what a customer pays” is the selling price. (a) True (b) False
  26. 26.One cupcake costs Zoya ₹59 to make and sells for ₹74. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Zoya makes 28 bags of popcorn at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  28. 28.It costs ₹6 to make one painted pebble. Ananya sells it for ₹11. What is the profit on one (in ₹)?
  29. 29.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.One fruit cup costs Arjun ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹33 to make one glass of chai. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  33. 33.Kavya makes 18 friendship bands at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.One friendship band costs Kabir ₹39 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹7 to make one cupcake. Kabir sells it for ₹24. What is the profit on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the selling price. (a) True (b) False
  38. 38.One glass of chai costs ₹52 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  39. 39.Aarav makes 8 fruit cups at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  40. 40.It costs ₹19 to make one jute bag. Gurpreet sells it for ₹29. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. 3
  3. cost price
  4. 3
  5. what the buyer pays
  6. what it cost you
  7. SP more than CP
  8. 9
  9. True
  10. 4
  11. True
  12. 10
  13. 87
  14. 126
  15. 30
  16. cost price
  17. 8
  18. 9
  19. 16
  20. 7
  21. 3
  22. 68
  23. 37
  24. 3
  25. True
  26. Profit
  27. 196
  28. 5
  29. SP less than CP
  30. False
  31. Profit
  32. 17
  33. 72
  34. True
  35. Profit
  36. 17
  37. False
  38. 64
  39. 24
  40. 10

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