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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 662 · 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.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.Riya makes 25 handmade cards at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  4. 4.It costs ₹18 to make one cup of lemonade. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  5. 5.True or false: “money got from a sale” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.One jute bag costs Vihaan ₹54 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹57 to make one clay diya. Tara sells it for ₹67. What is the profit on one (in ₹)?
  9. 9.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  10. 10.It costs ₹38 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹35. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.Rohan makes 25 painted pebbles at a cost of ₹31 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  13. 13.It costs ₹53 to make one paper bookmark. Vihaan sells it for ₹64. What is the profit on one (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.True or false: “money spent to get it” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.Meera makes 29 painted pebbles at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  18. 18.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One glass of chai costs ₹34 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  22. 22.One cupcake costs Ishaan ₹29 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One glass of chai costs ₹37 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  24. 24.Rohan makes 18 paper bookmarks at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  25. 25.Saanvi makes 9 glasses of chai at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  26. 26.It costs ₹7 to make one painted pebble. Kabir sells it for ₹18. What is the profit on one (in ₹)?
  27. 27.It costs ₹24 to make one glass of chai. On the last day Ishaan sells it for only ₹21. How much is the loss on one (in ₹)?
  28. 28.True or false: “what you paid for it” is the selling price. (a) False (b) True
  29. 29.Meera makes 16 paper bookmarks at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  30. 30.It costs ₹20 to make one glass of chai. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  31. 31.It costs ₹52 to make one bag of popcorn. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  32. 32.One handmade card costs Saanvi ₹48 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.One handmade card costs ₹29 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  35. 35.One cup of lemonade costs ₹54 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.One friendship band costs ₹53 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  38. 38.One fruit cup costs ₹53 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹33 to make one glass of chai. On the last day Ishaan sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.One clay diya costs ₹53 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. True
  3. 100
  4. 8
  5. True
  6. selling price
  7. Profit
  8. 10
  9. SP less than CP
  10. 3
  11. selling price
  12. 350
  13. 11
  14. False
  15. True
  16. cost price
  17. 377
  18. SP more than CP
  19. cost price
  20. 41
  21. False
  22. Profit
  23. 52
  24. 36
  25. 45
  26. 11
  27. 3
  28. False
  29. 48
  30. 6
  31. 3
  32. Profit
  33. selling price
  34. 49
  35. 61
  36. False
  37. 66
  38. 72
  39. 7
  40. 55

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