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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 776 · 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 ₹6 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  2. 2.Zoya makes 10 fruit cups at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.It costs ₹19 to make one cupcake. On the last day Ishaan sells it for only ₹12. How much is the loss on one (in ₹)?
  6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
  7. 7.One handmade card costs Lakshmi ₹30 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “money got from a sale” is the cost price. (a) False (b) True
  9. 9.It costs ₹58 to make one friendship band. On the last day Farhan sells it for only ₹53. How much is the loss on one (in ₹)?
  10. 10.One cup of lemonade costs ₹52 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.One bag of popcorn costs Ananya ₹37 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.True or false: “the price you sell at” is the selling price. (a) True (b) False
  14. 14.One friendship band costs ₹46 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹22 to make one bag of popcorn. Joseph sells it for ₹36. What is the profit on one (in ₹)?
  16. 16.Aarav makes 8 glasses of chai at a cost of ₹40 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  17. 17.Ananya makes 15 clay diyas at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  18. 18.One cupcake costs ₹28 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹54 to make one cup of lemonade. On the last day Rohan sells it for only ₹49. How much is the loss on one (in ₹)?
  20. 20.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  21. 21.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  22. 22.True or false: “cost of making one” is the cost price. (a) True (b) False
  23. 23.It costs ₹46 to make one bag of popcorn. On the last day Kavya sells it for only ₹38. How much is the loss on one (in ₹)?
  24. 24.True or false: “money got from a sale” is the selling price. (a) True (b) False
  25. 25.One cup of lemonade costs Gurpreet ₹18 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One glass of chai costs Arjun ₹21 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.It costs ₹10 to make one fruit cup. Diya sells it for ₹11. What is the profit on one (in ₹)?
  29. 29.One cupcake costs Kavya ₹42 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  31. 31.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.One glass of chai costs Nisha ₹46 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹30 to make one glass of chai. Dev sells it for ₹48. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs Dev ₹27 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.True or false: “what a customer pays” is the selling price. (a) False (b) True
  38. 38.One bag of popcorn costs ₹32 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  39. 39.One handmade card costs Rohan ₹19 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. 16
  2. 40
  3. what it cost you
  4. cost price
  5. 7
  6. False
  7. Loss
  8. False
  9. 5
  10. 58
  11. selling price
  12. Profit
  13. True
  14. 66
  15. 14
  16. 16
  17. 90
  18. 31
  19. 5
  20. SP more than CP
  21. SP less than CP
  22. True
  23. 8
  24. True
  25. Loss
  26. Loss
  27. False
  28. 1
  29. Profit
  30. True
  31. what the buyer pays
  32. selling price
  33. cost price
  34. Profit
  35. 18
  36. Profit
  37. True
  38. 47
  39. Loss
  40. True

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