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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 686 · 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.True or false: “cost of making one” is the selling price. (a) True (b) False
  2. 2.It costs ₹46 to make one clay diya. Ishaan sells it for ₹57. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  4. 4.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  5. 5.One cup of lemonade costs ₹27 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  6. 6.Vihaan makes 24 glasses of chai at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  7. 7.It costs ₹30 to make one glass of chai. Ananya sells it for ₹41. What is the profit on one (in ₹)?
  8. 8.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.It costs ₹17 to make one potted plant. Farhan sells it for ₹23. What is the profit on one (in ₹)?
  12. 12.Dev makes 30 clay diyas at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.One clay diya costs ₹6 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  16. 16.Zoya makes 19 handmade cards at a cost of ₹8 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price you sell at” is the cost price. (a) True (b) False
  18. 18.It costs ₹60 to make one handmade card. Aarav sells it for ₹71. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  21. 21.One cupcake costs ₹18 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹25 to make one glass of chai. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹19 to make. Zoya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹54 to make one paper bookmark. Gurpreet sells it for ₹71. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  26. 26.True or false: “what you paid for it” is the selling price. (a) False (b) True
  27. 27.It costs ₹36 to make one cupcake. On the last day Meera sells it for only ₹33. How much is the loss on one (in ₹)?
  28. 28.One glass of chai costs Zoya ₹37 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹52 to make one clay diya. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  30. 30.It costs ₹52 to make one bag of popcorn. On the last day Tara sells it for only ₹45. How much is the loss on one (in ₹)?
  31. 31.Riya makes 12 handmade cards at a cost of ₹39 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  32. 32.Diya makes 29 handmade cards at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  33. 33.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  34. 34.One friendship band costs ₹36 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.One friendship band costs ₹39 to make. Ishaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.One glass of chai costs Kavya ₹31 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Zoya makes 19 clay diyas at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  38. 38.One cupcake costs Rohan ₹18 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹39 to make one friendship band. On the last day Ananya sells it for only ₹37. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. False
  2. 11
  3. what it cost you
  4. SP more than CP
  5. 37
  6. 336
  7. 11
  8. what the buyer pays
  9. selling price
  10. cost price
  11. 6
  12. 180
  13. False
  14. cost price
  15. 17
  16. 114
  17. False
  18. 11
  19. selling price
  20. True
  21. 31
  22. 17
  23. 31
  24. 17
  25. cost price
  26. False
  27. 3
  28. Loss
  29. 8
  30. 7
  31. 36
  32. 58
  33. SP less than CP
  34. 42
  35. 55
  36. Profit
  37. 95
  38. Profit
  39. 2
  40. selling price

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