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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 52 · 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 ₹28 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One glass of chai costs ₹49 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “money got from a sale” is the cost price. (a) True (b) False
  4. 4.It costs ₹7 to make one potted plant. Saanvi sells it for ₹15. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  6. 6.One cup of lemonade costs Saanvi ₹51 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹56 to make one cupcake. On the last day Arjun sells it for only ₹53. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.Ananya makes 30 cups of lemonade at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  11. 11.One painted pebble costs Diya ₹25 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹5 to make one cup of lemonade. Arjun sells it for ₹24. What is the profit on one (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.Farhan makes 9 clay diyas at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  17. 17.It costs ₹34 to make one clay diya. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  18. 18.One clay diya costs Diya ₹22 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One cupcake costs Riya ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One fruit cup costs ₹12 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) False (b) True
  22. 22.It costs ₹38 to make one friendship band. Zoya sells it for ₹46. What is the profit on one (in ₹)?
  23. 23.Lakshmi makes 21 cupcakes at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  24. 24.One paper bookmark costs Vihaan ₹55 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.One cupcake costs ₹9 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹52 to make one jute bag. On the last day Riya sells it for only ₹43. How much is the loss on one (in ₹)?
  31. 31.Saanvi makes 17 bags of popcorn at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  32. 32.It costs ₹14 to make one friendship band. Farhan sells it for ₹17. What is the profit on one (in ₹)?
  33. 33.It costs ₹6 to make one clay diya. Vihaan sells it for ₹13. What is the profit on one (in ₹)?
  34. 34.Kavya makes 21 cups of lemonade at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.One bag of popcorn costs ₹12 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.Meera makes 5 potted plants at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  38. 38.True or false: “what you paid for it” is the selling price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.One potted plant costs Nisha ₹51 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. Loss
  2. 54
  3. False
  4. 8
  5. what it cost you
  6. Profit
  7. 3
  8. cost price
  9. 240
  10. SP more than CP
  11. Profit
  12. 19
  13. True
  14. what the buyer pays
  15. True
  16. 45
  17. 6
  18. Loss
  19. Loss
  20. 22
  21. False
  22. 8
  23. 126
  24. Profit
  25. False
  26. selling price
  27. cost price
  28. True
  29. 20
  30. 9
  31. 51
  32. 3
  33. 7
  34. 231
  35. selling price
  36. 25
  37. 70
  38. False
  39. cost price
  40. Profit

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