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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 556 · 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 ₹20 to make one cup of lemonade. On the last day Vihaan sells it for only ₹18. How much is the loss on one (in ₹)?
  2. 2.One handmade card costs ₹33 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  4. 4.It costs ₹37 to make one friendship band. On the last day Aarav sells it for only ₹33. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.Aarav makes 21 handmade cards at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  7. 7.True or false: “what a customer pays” is the cost price. (a) False (b) True
  8. 8.One friendship band costs Zoya ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.Ishaan makes 22 bags of popcorn at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.One cup of lemonade costs ₹21 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  13. 13.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  14. 14.One friendship band costs ₹46 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) True (b) False
  16. 16.It costs ₹40 to make one friendship band. On the last day Vihaan sells it for only ₹37. How much is the loss on one (in ₹)?
  17. 17.One paper bookmark costs ₹30 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.Meera makes 21 potted plants at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  19. 19.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  20. 20.It costs ₹50 to make one paper bookmark. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.One paper bookmark costs Arjun ₹31 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the price on your board” is the cost price. (a) True (b) False
  25. 25.Joseph makes 28 paper bookmarks at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  26. 26.True or false: “what you paid for it” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  29. 29.One paper bookmark costs ₹48 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  30. 30.One glass of chai costs Meera ₹42 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹18 to make one glass of chai. On the last day Vihaan sells it for only ₹16. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  33. 33.One painted pebble costs ₹38 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹59 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹57. How much is the loss on one (in ₹)?
  35. 35.Rohan makes 16 glasses of chai at a cost of ₹25 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  36. 36.It costs ₹59 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹56. How much is the loss on one (in ₹)?
  37. 37.Arjun makes 20 paper bookmarks at a cost of ₹33 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  38. 38.One potted plant costs Gurpreet ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.One glass of chai costs ₹16 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?

Answer key

  1. 2
  2. 35
  3. what it cost you
  4. 4
  5. selling price
  6. 126
  7. False
  8. Loss
  9. selling price
  10. 330
  11. cost price
  12. 36
  13. SP less than CP
  14. 66
  15. True
  16. 3
  17. 35
  18. 315
  19. what the buyer pays
  20. 10
  21. cost price
  22. cost price
  23. Profit
  24. False
  25. 392
  26. True
  27. cost price
  28. True
  29. 68
  30. Profit
  31. 2
  32. selling price
  33. 43
  34. 2
  35. 128
  36. 3
  37. 140
  38. Loss
  39. True
  40. 29

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