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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 640 · 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.Meera makes 25 fruit cups at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  2. 2.It costs ₹26 to make one glass of chai. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.Kabir makes 23 glasses of chai at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  8. 8.Kabir makes 20 clay diyas at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One cup of lemonade costs Diya ₹28 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.Kavya makes 5 friendship bands at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  12. 12.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  13. 13.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  14. 14.One friendship band costs Rohan ₹43 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹51 to make one paper bookmark. On the last day Riya sells it for only ₹50. How much is the loss on one (in ₹)?
  16. 16.Arjun makes 13 bags of popcorn at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  17. 17.One glass of chai costs Kavya ₹57 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.One cup of lemonade costs Gurpreet ₹17 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.Ishaan makes 29 bags of popcorn at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  24. 24.It costs ₹19 to make one friendship band. On the last day Dev sells it for only ₹18. How much is the loss on one (in ₹)?
  25. 25.One bag of popcorn costs ₹41 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹36 to make one cupcake. Nisha sells it for ₹50. What is the profit on one (in ₹)?
  27. 27.True or false: “money got from a sale” is the cost price. (a) True (b) False
  28. 28.One fruit cup costs ₹58 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.One painted pebble costs Arjun ₹25 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One jute bag costs ₹47 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price on your board” is the cost price. (a) False (b) True
  33. 33.One cup of lemonade costs ₹12 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money spent to get it” is the cost price. (a) False (b) True
  35. 35.One clay diya costs ₹21 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money got from a sale” is the selling price. (a) False (b) True
  37. 37.Meera makes 6 cups of lemonade at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  38. 38.It costs ₹54 to make one handmade card. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?
  39. 39.It costs ₹21 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  40. 40.One fruit cup costs ₹30 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. 300
  2. 7
  3. what it cost you
  4. cost price
  5. SP more than CP
  6. True
  7. 207
  8. 180
  9. False
  10. Profit
  11. 65
  12. what the buyer pays
  13. SP less than CP
  14. Loss
  15. 1
  16. 130
  17. Loss
  18. cost price
  19. cost price
  20. Profit
  21. selling price
  22. True
  23. 116
  24. 1
  25. 49
  26. 14
  27. False
  28. 63
  29. False
  30. Profit
  31. 60
  32. False
  33. 24
  34. True
  35. 36
  36. True
  37. 18
  38. 6
  39. 3
  40. 33

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