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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 592 · 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) selling price (b) cost price
  2. 2.It costs ₹49 to make one glass of chai. On the last day Tara sells it for only ₹42. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.Kavya makes 23 cups of lemonade at a cost of ₹38 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  5. 5.One handmade card costs ₹36 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.It costs ₹52 to make one bag of popcorn. On the last day Tara sells it for only ₹49. How much is the loss on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  11. 11.It costs ₹35 to make one potted plant. On the last day Kabir sells it for only ₹28. How much is the loss on one (in ₹)?
  12. 12.It costs ₹46 to make one potted plant. Lakshmi sells it for ₹52. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  14. 14.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  15. 15.It costs ₹31 to make one painted pebble. Dev sells it for ₹37. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  17. 17.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  18. 18.It costs ₹28 to make one cupcake. Tara sells it for ₹47. What is the profit on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.It costs ₹17 to make one friendship band. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) True (b) False
  22. 22.It costs ₹6 to make one handmade card. Dev sells it for ₹8. What is the profit on one (in ₹)?
  23. 23.It costs ₹22 to make one clay diya. Arjun sells it for ₹25. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.It costs ₹53 to make one clay diya. Diya sells it for ₹72. What is the profit on one (in ₹)?
  26. 26.It costs ₹16 to make one cup of lemonade. Dev sells it for ₹34. What is the profit on one (in ₹)?
  27. 27.It costs ₹13 to make one clay diya. Dev sells it for ₹31. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹57 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹25 to make one paper bookmark. On the last day Rohan sells it for only ₹24. How much is the loss on one (in ₹)?
  30. 30.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.One handmade card costs Gurpreet ₹17 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One paper bookmark costs ₹41 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.Ishaan makes 22 paper bookmarks at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  35. 35.It costs ₹27 to make one glass of chai. Arjun sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹20 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹46 to make one cup of lemonade. Vihaan sells it for ₹48. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.One jute bag costs ₹39 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  40. 40.One jute bag costs Diya ₹48 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. cost price
  2. 7
  3. cost price
  4. 322
  5. 49
  6. False
  7. selling price
  8. selling price
  9. 3
  10. SP less than CP
  11. 7
  12. 6
  13. cost price
  14. what it cost you
  15. 6
  16. SP more than CP
  17. True
  18. 19
  19. True
  20. 20
  21. False
  22. 2
  23. 3
  24. cost price
  25. 19
  26. 18
  27. 18
  28. 70
  29. 1
  30. what the buyer pays
  31. False
  32. Loss
  33. 48
  34. 88
  35. 4
  36. 22
  37. 2
  38. selling price
  39. 55
  40. Profit

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