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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 502 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.It costs ₹11 to make one painted pebble. Aarav sells it for ₹25. What is the profit on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.Aarav makes 25 glasses of chai at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  7. 7.It costs ₹17 to make one handmade card. On the last day Meera sells it for only ₹11. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.One cup of lemonade costs ₹12 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.It costs ₹28 to make one glass of chai. Joseph sells it for ₹39. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.True or false: “the price on your board” is the selling price. (a) False (b) True
  17. 17.Ananya makes 8 potted plants at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  18. 18.One bag of popcorn costs ₹42 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “what a customer pays” is the selling price. (a) False (b) True
  20. 20.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.One cupcake costs ₹42 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Dev wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹45 to make one cup of lemonade. Saanvi sells it for ₹54. What is the profit on one (in ₹)?
  25. 25.It costs ₹33 to make one cup of lemonade. On the last day Vihaan sells it for only ₹31. How much is the loss on one (in ₹)?
  26. 26.One bag of popcorn costs Ananya ₹18 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “money spent to get it” is the selling price. (a) True (b) False
  28. 28.One painted pebble costs Kavya ₹51 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One friendship band costs Vihaan ₹21 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.Lakshmi makes 5 cups of lemonade at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  31. 31.One friendship band costs Meera ₹56 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹16 to make one bag of popcorn. Vihaan sells it for ₹22. What is the profit on one (in ₹)?
  33. 33.It costs ₹57 to make one jute bag. On the last day Kabir sells it for only ₹54. How much is the loss on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.One potted plant costs Rohan ₹23 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One paper bookmark costs ₹7 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  37. 37.One paper bookmark costs Joseph ₹38 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹32 to make one potted plant. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  39. 39.Ananya makes 16 potted plants at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  40. 40.One handmade card costs ₹31 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. selling price
  3. 14
  4. SP less than CP
  5. False
  6. 125
  7. 6
  8. cost price
  9. 23
  10. what it cost you
  11. selling price
  12. 11
  13. selling price
  14. cost price
  15. False
  16. True
  17. 16
  18. 61
  19. True
  20. SP more than CP
  21. cost price
  22. 46
  23. 68
  24. 9
  25. 2
  26. Loss
  27. False
  28. Profit
  29. Profit
  30. 65
  31. Loss
  32. 6
  33. 3
  34. False
  35. Profit
  36. 17
  37. Profit
  38. 6
  39. 48
  40. 51

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