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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 707 · 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.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  2. 2.Meera makes 24 glasses of chai at a cost of ₹35 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.It costs ₹21 to make one handmade card. Diya sells it for ₹31. What is the profit on one (in ₹)?
  10. 10.It costs ₹35 to make one friendship band. On the last day Nisha sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  12. 12.Farhan makes 16 cupcakes at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  13. 13.It costs ₹18 to make one glass of chai. On the last day Saanvi sells it for only ₹11. How much is the loss on one (in ₹)?
  14. 14.It costs ₹49 to make one painted pebble. Riya sells it for ₹65. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.One painted pebble costs Gurpreet ₹35 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One fruit cup costs ₹20 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.One friendship band costs Lakshmi ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹52 to make one paper bookmark. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
  21. 21.It costs ₹10 to make one cup of lemonade. Ananya sells it for ₹16. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.One potted plant costs Zoya ₹25 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹65 to make one cupcake. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  26. 26.Kavya makes 26 potted plants at a cost of ₹36 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  27. 27.It costs ₹9 to make one cupcake. Farhan sells it for ₹11. What is the profit on one (in ₹)?
  28. 28.It costs ₹51 to make one jute bag. On the last day Lakshmi sells it for only ₹47. How much is the loss on one (in ₹)?
  29. 29.It costs ₹41 to make one painted pebble. On the last day Joseph sells it for only ₹36. How much is the loss on one (in ₹)?
  30. 30.It costs ₹39 to make one cup of lemonade. Nisha sells it for ₹52. What is the profit on one (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) False (b) True
  32. 32.It costs ₹49 to make one cupcake. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
  33. 33.It costs ₹9 to make one cup of lemonade. Joseph sells it for ₹16. What is the profit on one (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.It costs ₹12 to make one potted plant. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.It costs ₹14 to make one cupcake. Farhan sells it for ₹17. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  38. 38.One cup of lemonade costs Arjun ₹56 to make and sells for ₹69. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹35 to make one potted plant. On the last day Gurpreet sells it for only ₹29. How much is the loss on one (in ₹)?
  40. 40.It costs ₹42 to make one glass of chai. Saanvi sells it for ₹45. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 48
  3. what it cost you
  4. cost price
  5. what the buyer pays
  6. SP more than CP
  7. cost price
  8. False
  9. 10
  10. 4
  11. SP less than CP
  12. 16
  13. 7
  14. 16
  15. selling price
  16. True
  17. Profit
  18. 39
  19. Loss
  20. 1
  21. 6
  22. selling price
  23. Loss
  24. 9
  25. cost price
  26. 182
  27. 2
  28. 4
  29. 5
  30. 13
  31. False
  32. 10
  33. 7
  34. True
  35. 1
  36. 3
  37. selling price
  38. Profit
  39. 6
  40. 3

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