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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 571 · 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 cup of lemonade costs Tara ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One handmade card costs Aarav ₹16 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “the price you sell at” is the selling price. (a) False (b) True
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.Farhan makes 18 handmade cards at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  6. 6.True or false: “what a customer pays” is the selling price. (a) True (b) False
  7. 7.It costs ₹45 to make one clay diya. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.True or false: “what you paid for it” is the cost price. (a) True (b) False
  12. 12.Rohan makes 17 glasses of chai at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.Vihaan makes 17 fruit cups at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  15. 15.Arjun makes 26 bags of popcorn at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  16. 16.It costs ₹46 to make one clay diya. Lakshmi sells it for ₹63. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹7 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  18. 18.One bag of popcorn costs Ishaan ₹50 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  20. 20.Saanvi makes 12 glasses of chai at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) False (b) True
  22. 22.Farhan makes 16 painted pebbles at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  23. 23.One glass of chai costs Lakshmi ₹53 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Ishaan makes 15 jute bags at a cost of ₹10 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  25. 25.One potted plant costs Diya ₹28 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  27. 27.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  28. 28.It costs ₹21 to make one fruit cup. Kabir sells it for ₹29. What is the profit on one (in ₹)?
  29. 29.It costs ₹24 to make one bag of popcorn. Nisha sells it for ₹28. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹19 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “money spent to get it” is the selling price. (a) False (b) True
  32. 32.It costs ₹42 to make one cup of lemonade. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  33. 33.One clay diya costs Ishaan ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.It costs ₹51 to make one jute bag. Aarav sells it for ₹56. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs Joseph ₹19 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹25 to make one glass of chai. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  38. 38.One cupcake costs ₹16 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹57 to make one handmade card. On the last day Joseph sells it for only ₹56. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price

Answer key

  1. Profit
  2. Loss
  3. True
  4. False
  5. 90
  6. True
  7. 3
  8. what it cost you
  9. selling price
  10. cost price
  11. True
  12. 85
  13. False
  14. 153
  15. 390
  16. 17
  17. 19
  18. Loss
  19. what the buyer pays
  20. 108
  21. False
  22. 192
  23. Profit
  24. 225
  25. Profit
  26. selling price
  27. SP less than CP
  28. 8
  29. 4
  30. 21
  31. False
  32. 10
  33. Loss
  34. False
  35. 5
  36. Loss
  37. 5
  38. 27
  39. 1
  40. cost price

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