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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 719 · 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.

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  1. 1.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  2. 2.It costs ₹13 to make one fruit cup. Tara sells it for ₹17. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.One cupcake costs Kavya ₹25 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One painted pebble costs ₹50 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.Kabir makes 11 glasses of chai at a cost of ₹19 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  8. 8.It costs ₹44 to make one paper bookmark. On the last day Nisha sells it for only ₹42. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  11. 11.One jute bag costs ₹53 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  13. 13.Meera makes 14 friendship bands at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  14. 14.It costs ₹41 to make one clay diya. On the last day Nisha sells it for only ₹37. How much is the loss on one (in ₹)?
  15. 15.Nisha makes 22 glasses of chai at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.True or false: “cost of making one” is the selling price. (a) False (b) True
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  20. 20.Meera makes 18 cupcakes at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  21. 21.Zoya makes 7 handmade cards at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  22. 22.It costs ₹17 to make one fruit cup. Joseph sells it for ₹28. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.Joseph makes 10 fruit cups at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  25. 25.Dev makes 23 clay diyas at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.True or false: “what a customer pays” is the selling price. (a) True (b) False
  28. 28.Vihaan makes 14 fruit cups at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  30. 30.One clay diya costs ₹51 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.Saanvi makes 22 fruit cups at a cost of ₹36 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  32. 32.Aarav makes 18 glasses of chai at a cost of ₹28 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  33. 33.One friendship band costs ₹26 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.One fruit cup costs ₹11 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹10 to make one paper bookmark. Diya sells it for ₹30. What is the profit on one (in ₹)?
  38. 38.It costs ₹10 to make one jute bag. Aarav sells it for ₹11. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs Meera ₹34 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One bag of popcorn costs Aarav ₹52 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. cost price
  2. 4
  3. cost price
  4. selling price
  5. Loss
  6. 56
  7. 99
  8. 2
  9. cost price
  10. SP more than CP
  11. 54
  12. SP less than CP
  13. 140
  14. 4
  15. 330
  16. cost price
  17. False
  18. True
  19. what the buyer pays
  20. 162
  21. 98
  22. 11
  23. selling price
  24. 30
  25. 207
  26. selling price
  27. True
  28. 182
  29. what it cost you
  30. 55
  31. 132
  32. 252
  33. 37
  34. True
  35. False
  36. 22
  37. 20
  38. 1
  39. Profit
  40. Loss

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