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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 774 · 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 ₹19 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  3. 3.It costs ₹26 to make one clay diya. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  4. 4.One cup of lemonade costs Lakshmi ₹19 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  6. 6.True or false: “the price you sell at” is the cost price. (a) False (b) True
  7. 7.True or false: “what a customer pays” is the cost price. (a) False (b) True
  8. 8.It costs ₹11 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹8. How much is the loss on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  11. 11.Joseph makes 25 jute bags at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  13. 13.True or false: “money spent to get it” is the selling price. (a) True (b) False
  14. 14.Meera makes 18 bags of popcorn at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  15. 15.It costs ₹13 to make one paper bookmark. Saanvi sells it for ₹23. What is the profit on one (in ₹)?
  16. 16.Zoya makes 19 jute bags at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  17. 17.It costs ₹6 to make one jute bag. Joseph sells it for ₹11. What is the profit on one (in ₹)?
  18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
  19. 19.True or false: “money got from a sale” is the selling price. (a) False (b) True
  20. 20.It costs ₹52 to make one fruit cup. Gurpreet sells it for ₹56. What is the profit on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  24. 24.It costs ₹63 to make one glass of chai. On the last day Ishaan sells it for only ₹60. How much is the loss on one (in ₹)?
  25. 25.True or false: “cost of making one” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.It costs ₹43 to make one cup of lemonade. Riya sells it for ₹54. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.One potted plant costs ₹42 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.One fruit cup costs ₹44 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.It costs ₹57 to make one paper bookmark. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  34. 34.It costs ₹34 to make one potted plant. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  35. 35.It costs ₹30 to make one cupcake. Joseph sells it for ₹42. What is the profit on one (in ₹)?
  36. 36.It costs ₹49 to make one painted pebble. On the last day Meera sells it for only ₹46. How much is the loss on one (in ₹)?
  37. 37.It costs ₹19 to make one clay diya. Arjun sells it for ₹30. What is the profit on one (in ₹)?
  38. 38.It costs ₹42 to make one bag of popcorn. On the last day Diya sells it for only ₹37. How much is the loss on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.It costs ₹44 to make one cup of lemonade. On the last day Rohan sells it for only ₹34. How much is the loss on one (in ₹)?

Answer key

  1. 27
  2. SP more than CP
  3. 2
  4. Profit
  5. what the buyer pays
  6. False
  7. False
  8. 3
  9. True
  10. what it cost you
  11. 175
  12. False
  13. False
  14. 144
  15. 10
  16. 19
  17. 5
  18. True
  19. True
  20. 4
  21. True
  22. cost price
  23. SP less than CP
  24. 3
  25. False
  26. selling price
  27. 11
  28. selling price
  29. cost price
  30. 46
  31. 51
  32. selling price
  33. 3
  34. 2
  35. 12
  36. 3
  37. 11
  38. 5
  39. False
  40. 10

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