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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 637 · 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.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  2. 2.Vihaan makes 22 glasses of chai at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.One potted plant costs ₹27 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.True or false: “what a customer pays” is the cost price. (a) True (b) False
  8. 8.It costs ₹25 to make one paper bookmark. On the last day Kabir sells it for only ₹24. How much is the loss on one (in ₹)?
  9. 9.Dev makes 25 friendship bands at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  10. 10.Saanvi makes 13 cups of lemonade at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  11. 11.Gurpreet makes 7 glasses of chai at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.It costs ₹51 to make one clay diya. On the last day Kabir sells it for only ₹42. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.Rohan makes 28 paper bookmarks at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  16. 16.Joseph makes 9 glasses of chai at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  17. 17.True or false: “money spent to get it” is the cost price. (a) False (b) True
  18. 18.One jute bag costs ₹22 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹6 to make one cup of lemonade. Diya sells it for ₹18. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹7 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.One bag of popcorn costs ₹11 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.True or false: “the price on your board” is the selling price. (a) True (b) False
  26. 26.It costs ₹60 to make one cup of lemonade. Tara sells it for ₹74. What is the profit on one (in ₹)?
  27. 27.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  28. 28.It costs ₹24 to make one handmade card. On the last day Joseph sells it for only ₹19. How much is the loss on one (in ₹)?
  29. 29.One cup of lemonade costs Aarav ₹32 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹26 to make one friendship band. Nisha sells it for ₹39. What is the profit on one (in ₹)?
  31. 31.It costs ₹52 to make one friendship band. On the last day Arjun sells it for only ₹42. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  34. 34.True or false: “cost of making one” is the selling price. (a) True (b) False
  35. 35.One painted pebble costs ₹15 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  36. 36.One potted plant costs ₹35 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  37. 37.One bag of popcorn costs ₹39 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.One fruit cup costs Diya ₹39 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One fruit cup costs Arjun ₹24 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One painted pebble costs Ishaan ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP less than CP
  2. 44
  3. True
  4. False
  5. 30
  6. selling price
  7. False
  8. 1
  9. 100
  10. 39
  11. 42
  12. cost price
  13. 9
  14. cost price
  15. 308
  16. 18
  17. True
  18. 32
  19. 12
  20. 24
  21. 15
  22. True
  23. what it cost you
  24. selling price
  25. True
  26. 14
  27. what the buyer pays
  28. 5
  29. Loss
  30. 13
  31. 10
  32. cost price
  33. cost price
  34. False
  35. 29
  36. 41
  37. 42
  38. Profit
  39. Profit
  40. Loss

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