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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 602 · 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.It costs ₹32 to make one cupcake. On the last day Lakshmi sells it for only ₹24. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  4. 4.One handmade card costs ₹34 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  5. 5.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.It costs ₹54 to make one handmade card. Arjun sells it for ₹64. What is the profit on one (in ₹)?
  8. 8.Arjun makes 27 glasses of chai at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  9. 9.True or false: “money got from a sale” is the cost price. (a) False (b) True
  10. 10.One glass of chai costs Zoya ₹55 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  13. 13.One glass of chai costs ₹12 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹53 to make one clay diya. Riya sells it for ₹59. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.One paper bookmark costs ₹37 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) False (b) True
  18. 18.Ishaan makes 5 clay diyas at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  19. 19.One clay diya costs Lakshmi ₹44 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.True or false: “the price you sell at” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.It costs ₹59 to make one bag of popcorn. Tara sells it for ₹65. What is the profit on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.It costs ₹9 to make one fruit cup. Ananya sells it for ₹16. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs Riya ₹20 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.It costs ₹20 to make one cup of lemonade. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹50 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  31. 31.One glass of chai costs Arjun ₹51 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.True or false: “money spent to get it” is the cost price. (a) False (b) True
  36. 36.It costs ₹18 to make one fruit cup. Dev sells it for ₹38. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹16 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.Farhan makes 12 fruit cups at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.Gurpreet makes 14 clay diyas at a cost of ₹37 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  40. 40.It costs ₹51 to make one friendship band. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?

Answer key

  1. 8
  2. cost price
  3. what it cost you
  4. 43
  5. what the buyer pays
  6. False
  7. 10
  8. 189
  9. False
  10. Profit
  11. selling price
  12. SP more than CP
  13. 28
  14. 6
  15. cost price
  16. 54
  17. False
  18. 40
  19. Profit
  20. True
  21. False
  22. selling price
  23. 6
  24. True
  25. 7
  26. Profit
  27. False
  28. 14
  29. 58
  30. selling price
  31. Loss
  32. cost price
  33. selling price
  34. cost price
  35. True
  36. 20
  37. 36
  38. 48
  39. 140
  40. 3

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