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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 736 · 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 price you sell at? (a) cost price (b) selling price
  2. 2.It costs ₹48 to make one handmade card. Aarav sells it for ₹64. What is the profit on one (in ₹)?
  3. 3.It costs ₹29 to make one cupcake. Tara sells it for ₹37. What is the profit on one (in ₹)?
  4. 4.True or false: “money spent to get it” is the selling price. (a) True (b) False
  5. 5.One cupcake costs ₹13 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  6. 6.One friendship band costs Kabir ₹23 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.True or false: “what a customer pays” is the cost price. (a) False (b) True
  9. 9.Vihaan makes 7 cupcakes at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  10. 10.One glass of chai costs Diya ₹25 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹47 to make one painted pebble. Tara sells it for ₹60. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  14. 14.One clay diya costs Arjun ₹33 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.Riya makes 25 painted pebbles at a cost of ₹13 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.One friendship band costs ₹5 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.Arjun makes 29 cups of lemonade at a cost of ₹34 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  20. 20.One glass of chai costs Aarav ₹32 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One glass of chai costs Joseph ₹45 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  25. 25.It costs ₹49 to make one painted pebble. On the last day Kavya sells it for only ₹45. How much is the loss on one (in ₹)?
  26. 26.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  27. 27.Rohan makes 9 bags of popcorn at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  28. 28.It costs ₹59 to make one potted plant. On the last day Gurpreet sells it for only ₹50. How much is the loss on one (in ₹)?
  29. 29.It costs ₹19 to make one friendship band. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  30. 30.It costs ₹22 to make one cupcake. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  31. 31.One friendship band costs Lakshmi ₹33 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹14 to make one potted plant. Kavya sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.It costs ₹39 to make one cupcake. On the last day Riya sells it for only ₹33. How much is the loss on one (in ₹)?
  34. 34.One glass of chai costs Zoya ₹17 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the price on your board” is the selling price. (a) False (b) True
  36. 36.True or false: “the price on your board” is the cost price. (a) True (b) False
  37. 37.It costs ₹16 to make one glass of chai. On the last day Zoya sells it for only ₹15. How much is the loss on one (in ₹)?
  38. 38.It costs ₹58 to make one paper bookmark. On the last day Riya sells it for only ₹49. How much is the loss on one (in ₹)?
  39. 39.It costs ₹21 to make one painted pebble. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  40. 40.Zoya makes 11 cups of lemonade at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. 16
  3. 8
  4. False
  5. 25
  6. Loss
  7. selling price
  8. False
  9. 14
  10. Profit
  11. 13
  12. cost price
  13. what it cost you
  14. Profit
  15. cost price
  16. 150
  17. 13
  18. True
  19. 406
  20. Profit
  21. Loss
  22. what the buyer pays
  23. False
  24. SP less than CP
  25. 4
  26. SP more than CP
  27. 117
  28. 9
  29. 4
  30. 2
  31. Loss
  32. 13
  33. 6
  34. Profit
  35. True
  36. False
  37. 1
  38. 9
  39. 3
  40. 154

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