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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 731 · 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.One glass of chai costs ₹53 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  3. 3.Gurpreet makes 13 potted plants at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  4. 4.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  5. 5.Diya makes 8 cupcakes at a cost of ₹10 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.True or false: “the price you sell at” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  10. 10.It costs ₹58 to make one painted pebble. On the last day Ishaan sells it for only ₹51. How much is the loss on one (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.Rohan makes 12 handmade cards at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.One cupcake costs Ananya ₹23 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.True or false: “what a customer pays” is the selling price. (a) True (b) False
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  19. 19.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  20. 20.One cup of lemonade costs Rohan ₹22 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One painted pebble costs Saanvi ₹58 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One cupcake costs Ananya ₹24 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.Nisha makes 18 bags of popcorn at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  24. 24.It costs ₹57 to make one potted plant. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  25. 25.One painted pebble costs ₹13 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  26. 26.One paper bookmark costs ₹17 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹18 to make one fruit cup. Tara sells it for ₹20. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs Kavya ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.Kabir makes 12 potted plants at a cost of ₹17 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  30. 30.It costs ₹28 to make one friendship band. On the last day Farhan sells it for only ₹26. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.It costs ₹34 to make one clay diya. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.Aarav makes 25 paper bookmarks at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  37. 37.One paper bookmark costs Farhan ₹33 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One paper bookmark costs ₹39 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.One painted pebble costs ₹9 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. 63
  3. 130
  4. SP more than CP
  5. 72
  6. True
  7. True
  8. selling price
  9. SP less than CP
  10. 7
  11. False
  12. 60
  13. False
  14. Loss
  15. True
  16. True
  17. False
  18. what it cost you
  19. what the buyer pays
  20. Profit
  21. Loss
  22. Profit
  23. 90
  24. 8
  25. 19
  26. 18
  27. 2
  28. Loss
  29. 108
  30. 2
  31. selling price
  32. selling price
  33. 1
  34. cost price
  35. cost price
  36. 325
  37. Loss
  38. 49
  39. selling price
  40. 25

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