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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 649 · 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 profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  2. 2.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  3. 3.True or false: “what you paid for it” is the cost price. (a) True (b) False
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.Kabir makes 25 cups of lemonade at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  7. 7.True or false: “money spent to get it” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.One clay diya costs ₹7 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹29 to make one handmade card. On the last day Joseph sells it for only ₹25. How much is the loss on one (in ₹)?
  14. 14.It costs ₹21 to make one friendship band. Lakshmi sells it for ₹36. What is the profit on one (in ₹)?
  15. 15.One clay diya costs Rohan ₹26 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹48 to make one cup of lemonade. Meera sells it for ₹52. What is the profit on one (in ₹)?
  17. 17.Tara makes 26 friendship bands at a cost of ₹27 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  18. 18.Vihaan makes 6 cups of lemonade at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  19. 19.Vihaan makes 24 painted pebbles at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.One cup of lemonade costs Kabir ₹27 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.Kavya makes 22 paper bookmarks at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.It costs ₹20 to make one jute bag. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  26. 26.One cup of lemonade costs Dev ₹57 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.One clay diya costs Aarav ₹36 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.Lakshmi makes 10 paper bookmarks at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  30. 30.It costs ₹64 to make one glass of chai. On the last day Aarav sells it for only ₹56. How much is the loss on one (in ₹)?
  31. 31.It costs ₹11 to make one cup of lemonade. On the last day Nisha sells it for only ₹9. How much is the loss on one (in ₹)?
  32. 32.One jute bag costs ₹28 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.Lakshmi makes 6 bags of popcorn at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  34. 34.It costs ₹57 to make one clay diya. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  36. 36.It costs ₹15 to make one fruit cup. Arjun sells it for ₹19. What is the profit on one (in ₹)?
  37. 37.It costs ₹11 to make one friendship band. On the last day Rohan sells it for only ₹9. How much is the loss on one (in ₹)?
  38. 38.It costs ₹13 to make one cupcake. Kabir sells it for ₹32. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  40. 40.One cupcake costs Ishaan ₹23 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP more than CP
  2. what the buyer pays
  3. True
  4. False
  5. cost price
  6. 200
  7. False
  8. what it cost you
  9. True
  10. selling price
  11. cost price
  12. 21
  13. 4
  14. 15
  15. Profit
  16. 4
  17. 364
  18. 84
  19. 96
  20. True
  21. Loss
  22. selling price
  23. 110
  24. selling price
  25. 7
  26. Profit
  27. False
  28. Profit
  29. 80
  30. 8
  31. 2
  32. 46
  33. 12
  34. 6
  35. cost price
  36. 4
  37. 2
  38. 19
  39. cost price
  40. Profit

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