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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 447 · 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: cost of making one? (a) cost price (b) selling price
  2. 2.One glass of chai costs ₹15 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  3. 3.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  4. 4.It costs ₹59 to make one paper bookmark. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  5. 5.It costs ₹43 to make one jute bag. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  6. 6.Riya makes 7 friendship bands at a cost of ₹27 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.One glass of chai costs ₹28 to make. Ishaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  9. 9.One glass of chai costs ₹10 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the price on your board” is the cost price. (a) False (b) True
  11. 11.True or false: “the price on your board” is the selling price. (a) True (b) False
  12. 12.Aarav makes 22 glasses of chai at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  13. 13.It costs ₹45 to make one clay diya. Zoya sells it for ₹57. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  15. 15.One cupcake costs ₹11 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹37 to make one cup of lemonade. Diya sells it for ₹43. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹41 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.One painted pebble costs Gurpreet ₹16 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹31 to make one bag of popcorn. On the last day Diya sells it for only ₹21. How much is the loss on one (in ₹)?
  20. 20.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.It costs ₹27 to make one jute bag. On the last day Tara sells it for only ₹22. How much is the loss on one (in ₹)?
  23. 23.One handmade card costs Riya ₹24 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.One jute bag costs Farhan ₹31 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.One cup of lemonade costs ₹16 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  29. 29.It costs ₹54 to make one paper bookmark. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  31. 31.Gurpreet makes 12 painted pebbles at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.It costs ₹14 to make one glass of chai. Meera sells it for ₹29. What is the profit on one (in ₹)?
  36. 36.True or false: “money got from a sale” is the selling price. (a) False (b) True
  37. 37.It costs ₹51 to make one handmade card. Lakshmi sells it for ₹67. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹5 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.One friendship band costs Aarav ₹42 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. cost price
  2. 17
  3. what the buyer pays
  4. 3
  5. 3
  6. 56
  7. False
  8. 44
  9. 23
  10. False
  11. True
  12. 132
  13. 12
  14. what it cost you
  15. 21
  16. 6
  17. 61
  18. Profit
  19. 10
  20. SP more than CP
  21. False
  22. 5
  23. Loss
  24. selling price
  25. Profit
  26. False
  27. 21
  28. cost price
  29. 10
  30. selling price
  31. 48
  32. selling price
  33. cost price
  34. True
  35. 15
  36. True
  37. 16
  38. 6
  39. Profit
  40. selling price

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