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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 678 · 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 loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.It costs ₹23 to make one handmade card. On the last day Arjun sells it for only ₹22. How much is the loss on one (in ₹)?
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.Ananya makes 16 glasses of chai at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.One painted pebble costs ₹21 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹33 to make one clay diya. On the last day Joseph sells it for only ₹24. How much is the loss on one (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) True (b) False
  10. 10.It costs ₹33 to make one jute bag. Rohan sells it for ₹47. What is the profit on one (in ₹)?
  11. 11.It costs ₹12 to make one cupcake. On the last day Nisha sells it for only ₹9. How much is the loss on one (in ₹)?
  12. 12.It costs ₹53 to make one painted pebble. On the last day Meera sells it for only ₹48. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.It costs ₹47 to make one clay diya. Ishaan sells it for ₹49. What is the profit on one (in ₹)?
  15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
  16. 16.Meera makes 15 painted pebbles at a cost of ₹30 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.One cup of lemonade costs ₹14 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  18. 18.One bag of popcorn costs Vihaan ₹44 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹12 to make one glass of chai. Meera sells it for ₹28. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs Ishaan ₹60 to make and sells for ₹75. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.It costs ₹59 to make one glass of chai. Joseph sells it for ₹72. What is the profit on one (in ₹)?
  24. 24.It costs ₹9 to make one cup of lemonade. Kavya sells it for ₹21. What is the profit on one (in ₹)?
  25. 25.Dev makes 27 potted plants at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  27. 27.One cupcake costs Riya ₹19 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  29. 29.Kavya makes 10 bags of popcorn at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  30. 30.It costs ₹25 to make one potted plant. On the last day Zoya sells it for only ₹24. How much is the loss on one (in ₹)?
  31. 31.It costs ₹27 to make one cup of lemonade. On the last day Farhan sells it for only ₹19. How much is the loss on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  34. 34.One glass of chai costs ₹45 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.It costs ₹17 to make one fruit cup. On the last day Farhan sells it for only ₹8. How much is the loss on one (in ₹)?
  37. 37.Kavya makes 29 handmade cards at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  38. 38.One painted pebble costs ₹13 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  40. 40.It costs ₹16 to make one cup of lemonade. Joseph sells it for ₹19. What is the profit on one (in ₹)?

Answer key

  1. what the buyer pays
  2. False
  3. 1
  4. False
  5. 128
  6. selling price
  7. 34
  8. 9
  9. True
  10. 14
  11. 3
  12. 5
  13. selling price
  14. 2
  15. False
  16. 75
  17. 31
  18. Loss
  19. 16
  20. Profit
  21. cost price
  22. True
  23. 13
  24. 12
  25. 108
  26. selling price
  27. Profit
  28. SP less than CP
  29. 50
  30. 1
  31. 8
  32. False
  33. SP more than CP
  34. 64
  35. False
  36. 9
  37. 261
  38. 21
  39. what it cost you
  40. 3

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