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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 768 · 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.One glass of chai costs Aarav ₹40 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.Gurpreet makes 27 bags of popcorn at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  4. 4.It costs ₹58 to make one cup of lemonade. Nisha sells it for ₹76. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹60 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.Tara makes 14 fruit cups at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) False (b) True
  8. 8.Farhan makes 29 jute bags at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  9. 9.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  10. 10.True or false: “money spent to get it” is the cost price. (a) False (b) True
  11. 11.It costs ₹14 to make one clay diya. Rohan sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.One friendship band costs ₹21 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹32 to make one paper bookmark. Dev sells it for ₹52. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.Kavya makes 9 jute bags at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  21. 21.It costs ₹55 to make one glass of chai. On the last day Zoya sells it for only ₹50. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.It costs ₹33 to make one glass of chai. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?
  24. 24.It costs ₹13 to make one painted pebble. Ishaan sells it for ₹32. What is the profit on one (in ₹)?
  25. 25.It costs ₹29 to make one glass of chai. Kavya sells it for ₹32. What is the profit on one (in ₹)?
  26. 26.Meera makes 8 friendship bands at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  27. 27.One glass of chai costs Nisha ₹21 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “what you paid for it” is the selling price. (a) False (b) True
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  30. 30.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  31. 31.One friendship band costs ₹48 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what a customer pays” is the cost price. (a) False (b) True
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.It costs ₹7 to make one cup of lemonade. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  35. 35.It costs ₹20 to make one painted pebble. Diya sells it for ₹25. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹49 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.One friendship band costs Farhan ₹31 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹67 to make one painted pebble. On the last day Zoya sells it for only ₹60. How much is the loss on one (in ₹)?
  40. 40.One paper bookmark costs ₹29 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. Profit
  2. cost price
  3. 243
  4. 18
  5. 62
  6. 112
  7. False
  8. 406
  9. SP more than CP
  10. True
  11. 17
  12. what it cost you
  13. cost price
  14. True
  15. selling price
  16. True
  17. 28
  18. 20
  19. cost price
  20. 36
  21. 5
  22. False
  23. 1
  24. 19
  25. 3
  26. 80
  27. Loss
  28. False
  29. cost price
  30. SP less than CP
  31. 68
  32. False
  33. False
  34. 13
  35. 5
  36. 55
  37. selling price
  38. Profit
  39. 7
  40. 45

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