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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 538 · 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.It costs ₹11 to make one fruit cup. On the last day Farhan sells it for only ₹6. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.It costs ₹8 to make one glass of chai. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.Saanvi makes 13 painted pebbles at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  8. 8.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  9. 9.It costs ₹55 to make one painted pebble. Aarav sells it for ₹71. What is the profit on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  11. 11.Farhan makes 16 cups of lemonade at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.It costs ₹15 to make one handmade card. Farhan sells it for ₹19. What is the profit on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  16. 16.One potted plant costs Joseph ₹30 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.Vihaan makes 11 paper bookmarks at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.True or false: “what a customer pays” is the cost price. (a) True (b) False
  20. 20.True or false: “money got from a sale” is the selling price. (a) False (b) True
  21. 21.It costs ₹22 to make one glass of chai. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  22. 22.One paper bookmark costs ₹47 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.It costs ₹61 to make one jute bag. On the last day Zoya sells it for only ₹55. How much is the loss on one (in ₹)?
  26. 26.One cup of lemonade costs ₹52 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.Riya makes 15 bags of popcorn at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  28. 28.True or false: “the price you sell at” is the cost price. (a) False (b) True
  29. 29.One fruit cup costs Zoya ₹47 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One handmade card costs Farhan ₹27 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹33 to make one bag of popcorn. Lakshmi sells it for ₹48. What is the profit on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the selling price. (a) True (b) False
  33. 33.True or false: “what a customer pays” is the selling price. (a) False (b) True
  34. 34.It costs ₹13 to make one cup of lemonade. Ishaan sells it for ₹15. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹17 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹51 to make one paper bookmark. On the last day Rohan sells it for only ₹44. How much is the loss on one (in ₹)?
  37. 37.One paper bookmark costs ₹26 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.One jute bag costs ₹15 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.One bag of popcorn costs ₹6 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?

Answer key

  1. 5
  2. selling price
  3. selling price
  4. 3
  5. cost price
  6. 78
  7. selling price
  8. what the buyer pays
  9. 16
  10. SP less than CP
  11. 48
  12. False
  13. 4
  14. False
  15. what it cost you
  16. Profit
  17. 77
  18. cost price
  19. False
  20. True
  21. 8
  22. 48
  23. cost price
  24. True
  25. 6
  26. 53
  27. 180
  28. False
  29. Loss
  30. Loss
  31. 15
  32. False
  33. True
  34. 2
  35. 23
  36. 7
  37. 32
  38. True
  39. 18
  40. 21

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