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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 79 · 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.

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  1. 1.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  2. 2.It costs ₹52 to make one painted pebble. Zoya sells it for ₹70. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.One cup of lemonade costs Gurpreet ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹54 to make one paper bookmark. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  10. 10.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.It costs ₹9 to make one clay diya. Ishaan sells it for ₹14. What is the profit on one (in ₹)?
  15. 15.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  16. 16.Ishaan makes 18 cupcakes at a cost of ₹21 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  17. 17.It costs ₹18 to make one glass of chai. Gurpreet sells it for ₹29. What is the profit on one (in ₹)?
  18. 18.Tara makes 26 fruit cups at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  20. 20.It costs ₹56 to make one jute bag. On the last day Aarav sells it for only ₹50. How much is the loss on one (in ₹)?
  21. 21.One potted plant costs ₹8 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  24. 24.Ananya makes 26 glasses of chai at a cost of ₹38 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  25. 25.It costs ₹28 to make one glass of chai. On the last day Vihaan sells it for only ₹26. How much is the loss on one (in ₹)?
  26. 26.Saanvi makes 10 jute bags at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  27. 27.One fruit cup costs Kavya ₹41 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.It costs ₹21 to make one potted plant. Farhan sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.Meera makes 14 clay diyas at a cost of ₹20 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  33. 33.One potted plant costs Dev ₹54 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One fruit cup costs Joseph ₹24 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “money got from a sale” is the selling price. (a) True (b) False
  36. 36.One cupcake costs ₹11 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “the price on your board” is the selling price. (a) False (b) True
  38. 38.Saanvi makes 28 painted pebbles at a cost of ₹33 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.It costs ₹36 to make one potted plant. Diya sells it for ₹40. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs Saanvi ₹20 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 18
  3. cost price
  4. selling price
  5. selling price
  6. False
  7. True
  8. Profit
  9. 8
  10. what the buyer pays
  11. cost price
  12. SP more than CP
  13. False
  14. 5
  15. SP less than CP
  16. 144
  17. 11
  18. 78
  19. what it cost you
  20. 6
  21. 21
  22. selling price
  23. cost price
  24. 104
  25. 2
  26. 110
  27. Loss
  28. selling price
  29. False
  30. 7
  31. False
  32. 84
  33. Loss
  34. Profit
  35. True
  36. 12
  37. True
  38. 308
  39. 4
  40. Profit

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