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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 483 · 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.One cupcake costs Zoya ₹51 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One cupcake costs Vihaan ₹40 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.Dev makes 18 clay diyas at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  6. 6.True or false: “what you paid for it” is the selling price. (a) True (b) False
  7. 7.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.It costs ₹25 to make one cup of lemonade. On the last day Ishaan sells it for only ₹18. How much is the loss on one (in ₹)?
  10. 10.Tara makes 16 friendship bands at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  11. 11.One fruit cup costs ₹45 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹40 to make one friendship band. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
  13. 13.It costs ₹9 to make one paper bookmark. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  14. 14.One clay diya costs ₹33 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.One jute bag costs ₹18 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  17. 17.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  18. 18.One clay diya costs Zoya ₹49 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹30 to make one cup of lemonade. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.Tara makes 19 jute bags at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) False (b) True
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.It costs ₹58 to make one cupcake. On the last day Vihaan sells it for only ₹50. How much is the loss on one (in ₹)?
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  29. 29.One glass of chai costs Ishaan ₹35 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.One cupcake costs ₹27 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  33. 33.One paper bookmark costs ₹15 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹10 to make one cupcake. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  35. 35.It costs ₹49 to make one clay diya. Diya sells it for ₹68. What is the profit on one (in ₹)?
  36. 36.It costs ₹57 to make one glass of chai. Zoya sells it for ₹74. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs Rohan ₹37 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Zoya makes 13 paper bookmarks at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.It costs ₹41 to make one cupcake. Diya sells it for ₹45. What is the profit on one (in ₹)?
  40. 40.It costs ₹23 to make one potted plant. Farhan sells it for ₹32. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. Loss
  3. what it cost you
  4. True
  5. 108
  6. False
  7. what the buyer pays
  8. cost price
  9. 7
  10. 176
  11. 56
  12. 5
  13. 3
  14. 39
  15. cost price
  16. 29
  17. SP less than CP
  18. Profit
  19. 5
  20. False
  21. 133
  22. False
  23. False
  24. 8
  25. True
  26. SP more than CP
  27. cost price
  28. selling price
  29. Loss
  30. selling price
  31. cost price
  32. 47
  33. 24
  34. 1
  35. 19
  36. 17
  37. Profit
  38. 117
  39. 4
  40. 9

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