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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 590 · 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.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  2. 2.One jute bag costs Nisha ₹42 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹59 to make one cup of lemonade. Aarav sells it for ₹63. What is the profit on one (in ₹)?
  4. 4.Arjun makes 13 handmade cards at a cost of ₹22 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  6. 6.Diya makes 17 glasses of chai at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.True or false: “what a customer pays” is the selling price. (a) False (b) True
  10. 10.It costs ₹23 to make one friendship band. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  11. 11.Farhan makes 21 cups of lemonade at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.It costs ₹15 to make one friendship band. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.True or false: “what you paid for it” is the cost price. (a) True (b) False
  18. 18.Kabir makes 19 bags of popcorn at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.One handmade card costs ₹55 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  21. 21.One jute bag costs Aarav ₹38 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Meera makes 8 cupcakes at a cost of ₹37 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  23. 23.Lakshmi makes 16 glasses of chai at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  24. 24.One fruit cup costs ₹37 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) True (b) False
  26. 26.It costs ₹15 to make one potted plant. Nisha sells it for ₹29. What is the profit on one (in ₹)?
  27. 27.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  28. 28.One paper bookmark costs ₹57 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what a customer pays” is the cost price. (a) True (b) False
  30. 30.One friendship band costs Meera ₹26 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.It costs ₹25 to make one cup of lemonade. Dev sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs Lakshmi ₹50 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One painted pebble costs ₹29 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  35. 35.One cup of lemonade costs ₹44 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “the price you sell at” is the selling price. (a) False (b) True
  37. 37.Meera makes 15 paper bookmarks at a cost of ₹27 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  38. 38.It costs ₹10 to make one glass of chai. Tara sells it for ₹13. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs Rohan ₹44 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One fruit cup costs ₹12 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. Loss
  3. 4
  4. 117
  5. False
  6. 221
  7. cost price
  8. cost price
  9. True
  10. 7
  11. 21
  12. cost price
  13. 11
  14. False
  15. selling price
  16. selling price
  17. True
  18. 228
  19. cost price
  20. 60
  21. Profit
  22. 96
  23. 32
  24. 52
  25. False
  26. 14
  27. SP less than CP
  28. 58
  29. False
  30. Profit
  31. False
  32. 2
  33. Loss
  34. 36
  35. 52
  36. True
  37. 210
  38. 3
  39. Loss
  40. 31

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