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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 491 · 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.Aarav makes 7 glasses of chai at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.One potted plant costs Nisha ₹19 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.Dev makes 8 glasses of chai at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.True or false: “money got from a sale” is the cost price. (a) True (b) False
  8. 8.It costs ₹6 to make one bag of popcorn. Ananya sells it for ₹10. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.Farhan makes 27 handmade cards at a cost of ₹36 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  11. 11.It costs ₹13 to make one potted plant. Tara sells it for ₹18. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹24 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.Kavya makes 14 paper bookmarks at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  14. 14.It costs ₹60 to make one bag of popcorn. Farhan sells it for ₹75. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  16. 16.One paper bookmark costs Nisha ₹40 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One painted pebble costs ₹55 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹60 to make one jute bag. Gurpreet sells it for ₹76. What is the profit on one (in ₹)?
  19. 19.It costs ₹18 to make one painted pebble. Ishaan sells it for ₹36. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  21. 21.It costs ₹60 to make one fruit cup. Lakshmi sells it for ₹75. What is the profit on one (in ₹)?
  22. 22.It costs ₹52 to make one friendship band. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  23. 23.Gurpreet makes 9 cupcakes at a cost of ₹37 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  28. 28.It costs ₹47 to make one potted plant. On the last day Tara sells it for only ₹46. How much is the loss on one (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  31. 31.True or false: “cost of making one” is the selling price. (a) True (b) False
  32. 32.Lakshmi makes 23 jute bags at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
  35. 35.True or false: “the price on your board” is the selling price. (a) True (b) False
  36. 36.It costs ₹29 to make one glass of chai. Aarav sells it for ₹47. What is the profit on one (in ₹)?
  37. 37.It costs ₹39 to make one cup of lemonade. Meera sells it for ₹51. What is the profit on one (in ₹)?
  38. 38.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  39. 39.One glass of chai costs ₹12 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price

Answer key

  1. 56
  2. cost price
  3. Loss
  4. SP more than CP
  5. True
  6. 64
  7. False
  8. 4
  9. False
  10. 162
  11. 5
  12. 44
  13. 42
  14. 15
  15. what it cost you
  16. Profit
  17. 60
  18. 16
  19. 18
  20. selling price
  21. 15
  22. 1
  23. 81
  24. cost price
  25. cost price
  26. selling price
  27. what the buyer pays
  28. 1
  29. False
  30. False
  31. False
  32. 46
  33. selling price
  34. True
  35. True
  36. 18
  37. 12
  38. SP less than CP
  39. 14
  40. cost price

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