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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 675 · 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 paper bookmark costs Ananya ₹41 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  3. 3.One friendship band costs ₹13 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  6. 6.One bag of popcorn costs ₹43 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  8. 8.One painted pebble costs ₹38 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.It costs ₹40 to make one cup of lemonade. On the last day Dev sells it for only ₹35. How much is the loss on one (in ₹)?
  11. 11.One cup of lemonade costs ₹48 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.One glass of chai costs ₹33 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.One cup of lemonade costs Ananya ₹56 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.It costs ₹56 to make one cup of lemonade. On the last day Dev sells it for only ₹53. How much is the loss on one (in ₹)?
  17. 17.Lakshmi makes 29 clay diyas at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.One cupcake costs ₹22 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “money spent to get it” is the cost price. (a) False (b) True
  21. 21.True or false: “the price you sell at” is the selling price. (a) False (b) True
  22. 22.Vihaan makes 28 jute bags at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  23. 23.It costs ₹28 to make one handmade card. Tara sells it for ₹29. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹41 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹56 to make one clay diya. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
  26. 26.One glass of chai costs Arjun ₹36 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹59 to make one paper bookmark. On the last day Arjun sells it for only ₹53. How much is the loss on one (in ₹)?
  28. 28.Dev makes 28 handmade cards at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  29. 29.Ishaan makes 5 glasses of chai at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.One potted plant costs ₹36 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  34. 34.Joseph makes 28 potted plants at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  35. 35.Lakshmi makes 29 glasses of chai at a cost of ₹34 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  37. 37.One fruit cup costs Rohan ₹56 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹55 to make one potted plant. Diya sells it for ₹59. What is the profit on one (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price

Answer key

  1. Profit
  2. SP more than CP
  3. 22
  4. selling price
  5. what the buyer pays
  6. 48
  7. SP less than CP
  8. 42
  9. selling price
  10. 5
  11. 54
  12. 52
  13. Profit
  14. selling price
  15. cost price
  16. 3
  17. 261
  18. cost price
  19. 28
  20. True
  21. True
  22. 392
  23. 1
  24. 43
  25. 4
  26. Loss
  27. 6
  28. 84
  29. 10
  30. False
  31. selling price
  32. 42
  33. False
  34. 196
  35. 261
  36. what it cost you
  37. Loss
  38. 4
  39. False
  40. cost price

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