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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 777 · 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.Farhan makes 19 glasses of chai at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  2. 2.One cup of lemonade costs Diya ₹51 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  6. 6.One handmade card costs Ananya ₹49 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One potted plant costs ₹40 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.Zoya makes 14 painted pebbles at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  10. 10.It costs ₹30 to make one paper bookmark. On the last day Farhan sells it for only ₹25. How much is the loss on one (in ₹)?
  11. 11.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  12. 12.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.Diya makes 20 glasses of chai at a cost of ₹32 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  15. 15.Tara makes 22 jute bags at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  16. 16.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  17. 17.One paper bookmark costs Kabir ₹33 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.True or false: “cost of making one” is the cost price. (a) False (b) True
  20. 20.One handmade card costs ₹29 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹61 to make one bag of popcorn. On the last day Diya sells it for only ₹60. How much is the loss on one (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.True or false: “the price on your board” is the selling price. (a) True (b) False
  24. 24.One bag of popcorn costs ₹7 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  26. 26.It costs ₹50 to make one glass of chai. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  27. 27.One glass of chai costs Ishaan ₹21 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹59 to make one paper bookmark. On the last day Kabir sells it for only ₹55. How much is the loss on one (in ₹)?
  29. 29.It costs ₹41 to make one potted plant. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  30. 30.It costs ₹37 to make one clay diya. On the last day Aarav sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  32. 32.It costs ₹39 to make one cupcake. On the last day Vihaan sells it for only ₹31. How much is the loss on one (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) False (b) True
  34. 34.One handmade card costs ₹7 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.Arjun makes 15 jute bags at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  36. 36.It costs ₹48 to make one jute bag. On the last day Riya sells it for only ₹41. How much is the loss on one (in ₹)?
  37. 37.Rohan makes 24 glasses of chai at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  38. 38.It costs ₹59 to make one cupcake. On the last day Zoya sells it for only ₹58. How much is the loss on one (in ₹)?
  39. 39.It costs ₹53 to make one paper bookmark. Meera sells it for ₹65. What is the profit on one (in ₹)?
  40. 40.Vihaan makes 18 clay diyas at a cost of ₹20 each and sells all of them at ₹26 each. What is the total profit (in ₹)?

Answer key

  1. 76
  2. Loss
  3. selling price
  4. False
  5. SP more than CP
  6. Loss
  7. 45
  8. selling price
  9. 42
  10. 5
  11. what the buyer pays
  12. what it cost you
  13. True
  14. 180
  15. 110
  16. SP less than CP
  17. Loss
  18. False
  19. True
  20. 46
  21. 1
  22. False
  23. True
  24. 17
  25. cost price
  26. 5
  27. Loss
  28. 4
  29. 3
  30. 7
  31. cost price
  32. 8
  33. True
  34. 26
  35. 75
  36. 7
  37. 72
  38. 1
  39. 12
  40. 108

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