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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 752 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.It costs ₹10 to make one glass of chai. Tara sells it for ₹15. What is the profit on one (in ₹)?
  3. 3.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.It costs ₹54 to make one cup of lemonade. Ishaan sells it for ₹64. What is the profit on one (in ₹)?
  6. 6.It costs ₹24 to make one friendship band. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  7. 7.It costs ₹8 to make one fruit cup. Lakshmi sells it for ₹15. What is the profit on one (in ₹)?
  8. 8.It costs ₹17 to make one painted pebble. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  11. 11.Ishaan makes 30 jute bags at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  12. 12.True or false: “money spent to get it” is the cost price. (a) False (b) True
  13. 13.True or false: “cost of making one” is the cost price. (a) True (b) False
  14. 14.It costs ₹57 to make one fruit cup. Tara sells it for ₹62. What is the profit on one (in ₹)?
  15. 15.It costs ₹26 to make one bag of popcorn. Meera sells it for ₹29. What is the profit on one (in ₹)?
  16. 16.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  17. 17.It costs ₹53 to make one friendship band. Kabir sells it for ₹73. What is the profit on one (in ₹)?
  18. 18.It costs ₹10 to make one jute bag. Meera sells it for ₹18. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹20 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  21. 21.One handmade card costs ₹59 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  23. 23.True or false: “money got from a sale” is the selling price. (a) False (b) True
  24. 24.One bag of popcorn costs ₹46 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  25. 25.Tara makes 22 glasses of chai at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  26. 26.It costs ₹67 to make one cup of lemonade. On the last day Riya sells it for only ₹60. How much is the loss on one (in ₹)?
  27. 27.One cupcake costs Meera ₹46 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹10 to make one friendship band. Saanvi sells it for ₹16. What is the profit on one (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.True or false: “what you paid for it” is the cost price. (a) False (b) True
  31. 31.One clay diya costs ₹11 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.Lakshmi makes 24 clay diyas at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.It costs ₹57 to make one bag of popcorn. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  34. 34.It costs ₹48 to make one glass of chai. On the last day Kavya sells it for only ₹41. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  36. 36.One handmade card costs ₹36 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹27 to make one jute bag. Ishaan sells it for ₹35. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  39. 39.It costs ₹18 to make one glass of chai. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the selling price. (a) True (b) False

Answer key

  1. cost price
  2. 5
  3. SP more than CP
  4. selling price
  5. 10
  6. 6
  7. 7
  8. 3
  9. cost price
  10. what it cost you
  11. 270
  12. True
  13. True
  14. 5
  15. 3
  16. SP less than CP
  17. 20
  18. 8
  19. 25
  20. False
  21. 72
  22. what the buyer pays
  23. True
  24. 58
  25. 88
  26. 7
  27. Loss
  28. 6
  29. False
  30. True
  31. 25
  32. 288
  33. 5
  34. 7
  35. cost price
  36. 37
  37. 8
  38. cost price
  39. 1
  40. False

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