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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 578 · 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.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  2. 2.Gurpreet makes 23 clay diyas at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  3. 3.True or false: “the price on your board” is the selling price. (a) True (b) False
  4. 4.It costs ₹23 to make one glass of chai. Vihaan sells it for ₹37. What is the profit on one (in ₹)?
  5. 5.Riya makes 21 paper bookmarks at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  6. 6.True or false: “what a customer pays” is the cost price. (a) False (b) True
  7. 7.Arjun makes 22 cupcakes at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  9. 9.One glass of chai costs ₹23 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  10. 10.One bag of popcorn costs ₹11 to make. Tara wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “what you paid for it” is the selling price. (a) True (b) False
  12. 12.True or false: “what you paid for it” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.It costs ₹9 to make one glass of chai. Zoya sells it for ₹19. What is the profit on one (in ₹)?
  15. 15.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  18. 18.One paper bookmark costs Kavya ₹59 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹55 to make one friendship band. Meera sells it for ₹67. What is the profit on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.It costs ₹40 to make one cup of lemonade. Rohan sells it for ₹49. What is the profit on one (in ₹)?
  23. 23.Lakshmi makes 18 cups of lemonade at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  24. 24.It costs ₹43 to make one handmade card. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  25. 25.It costs ₹51 to make one painted pebble. Kabir sells it for ₹69. What is the profit on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the selling price. (a) False (b) True
  27. 27.It costs ₹46 to make one glass of chai. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  28. 28.True or false: “money got from a sale” is the cost price. (a) True (b) False
  29. 29.It costs ₹34 to make one painted pebble. Dev sells it for ₹44. What is the profit on one (in ₹)?
  30. 30.It costs ₹8 to make one fruit cup. On the last day Dev sells it for only ₹5. How much is the loss on one (in ₹)?
  31. 31.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  32. 32.True or false: “the price you sell at” is the selling price. (a) False (b) True
  33. 33.One fruit cup costs Dev ₹21 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One cupcake costs Vihaan ₹21 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One handmade card costs Farhan ₹26 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹51 to make one cupcake. On the last day Diya sells it for only ₹50. How much is the loss on one (in ₹)?
  37. 37.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  38. 38.It costs ₹26 to make one cupcake. Ishaan sells it for ₹35. What is the profit on one (in ₹)?
  39. 39.Dev makes 28 handmade cards at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  40. 40.Kabir makes 11 painted pebbles at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. 69
  3. True
  4. 14
  5. 126
  6. False
  7. 176
  8. cost price
  9. 33
  10. 26
  11. False
  12. True
  13. selling price
  14. 10
  15. SP more than CP
  16. cost price
  17. what it cost you
  18. Loss
  19. 12
  20. False
  21. True
  22. 9
  23. 126
  24. 3
  25. 18
  26. True
  27. 5
  28. False
  29. 10
  30. 3
  31. what the buyer pays
  32. True
  33. Loss
  34. Loss
  35. Profit
  36. 1
  37. SP less than CP
  38. 9
  39. 112
  40. 165

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