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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 659 · 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.One clay diya costs ₹50 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “money got from a sale” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.Riya makes 9 glasses of chai at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.One glass of chai costs Meera ₹16 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  12. 12.One cup of lemonade costs ₹23 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹56 to make one clay diya. On the last day Gurpreet sells it for only ₹50. How much is the loss on one (in ₹)?
  14. 14.True or false: “what you paid for it” is the cost price. (a) True (b) False
  15. 15.It costs ₹38 to make one painted pebble. On the last day Meera sells it for only ₹32. How much is the loss on one (in ₹)?
  16. 16.One potted plant costs Diya ₹39 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “money spent to get it” is the cost price. (a) True (b) False
  18. 18.It costs ₹50 to make one handmade card. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.One cupcake costs Dev ₹29 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.One bag of popcorn costs ₹59 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹30 to make one glass of chai. Ananya sells it for ₹41. What is the profit on one (in ₹)?
  24. 24.It costs ₹56 to make one clay diya. Farhan sells it for ₹71. What is the profit on one (in ₹)?
  25. 25.It costs ₹51 to make one cup of lemonade. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.Riya makes 18 glasses of chai at a cost of ₹28 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  27. 27.It costs ₹39 to make one handmade card. On the last day Aarav sells it for only ₹34. How much is the loss on one (in ₹)?
  28. 28.It costs ₹46 to make one potted plant. Tara sells it for ₹56. What is the profit on one (in ₹)?
  29. 29.One friendship band costs Ananya ₹40 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹56 to make one glass of chai. Meera sells it for ₹62. What is the profit on one (in ₹)?
  31. 31.It costs ₹43 to make one potted plant. On the last day Kabir sells it for only ₹40. How much is the loss on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) True (b) False
  33. 33.It costs ₹26 to make one fruit cup. Ishaan sells it for ₹45. What is the profit on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  36. 36.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  37. 37.It costs ₹26 to make one cupcake. On the last day Arjun sells it for only ₹24. How much is the loss on one (in ₹)?
  38. 38.One friendship band costs ₹53 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  39. 39.Kavya makes 27 clay diyas at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. 61
  2. False
  3. cost price
  4. selling price
  5. 99
  6. selling price
  7. Loss
  8. SP less than CP
  9. selling price
  10. cost price
  11. SP more than CP
  12. 33
  13. 6
  14. True
  15. 6
  16. Profit
  17. True
  18. 1
  19. cost price
  20. Loss
  21. cost price
  22. 64
  23. 11
  24. 15
  25. 5
  26. 216
  27. 5
  28. 10
  29. Profit
  30. 6
  31. 3
  32. True
  33. 19
  34. False
  35. what the buyer pays
  36. what it cost you
  37. 2
  38. 62
  39. 108
  40. selling price

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