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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 791 · 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.Meera makes 30 cups of lemonade at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  3. 3.Ananya makes 24 bags of popcorn at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  4. 4.True or false: “money spent to get it” is the selling price. (a) True (b) False
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.True or false: “money got from a sale” is the selling price. (a) True (b) False
  7. 7.Kabir makes 12 jute bags at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  8. 8.Rohan makes 12 clay diyas at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  9. 9.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  10. 10.One cup of lemonade costs ₹46 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.True or false: “what you paid for it” is the selling price. (a) True (b) False
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  15. 15.Diya makes 7 paper bookmarks at a cost of ₹38 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  17. 17.It costs ₹51 to make one bag of popcorn. On the last day Aarav sells it for only ₹47. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  19. 19.True or false: “the price you sell at” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.It costs ₹18 to make one clay diya. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) True (b) False
  24. 24.One fruit cup costs Ananya ₹31 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One jute bag costs ₹60 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  26. 26.One paper bookmark costs ₹6 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹19 to make one painted pebble. On the last day Ananya sells it for only ₹10. How much is the loss on one (in ₹)?
  28. 28.It costs ₹60 to make one fruit cup. On the last day Dev sells it for only ₹50. How much is the loss on one (in ₹)?
  29. 29.It costs ₹23 to make one clay diya. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.True or false: “what a customer pays” is the selling price. (a) False (b) True
  32. 32.One clay diya costs ₹43 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) True (b) False
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.It costs ₹36 to make one paper bookmark. On the last day Vihaan sells it for only ₹33. How much is the loss on one (in ₹)?
  37. 37.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  38. 38.It costs ₹23 to make one cup of lemonade. Diya sells it for ₹39. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹58 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. 270
  2. SP more than CP
  3. 288
  4. False
  5. True
  6. True
  7. 108
  8. 132
  9. what the buyer pays
  10. 54
  11. selling price
  12. False
  13. False
  14. what it cost you
  15. 42
  16. False
  17. 4
  18. selling price
  19. True
  20. cost price
  21. cost price
  22. 9
  23. True
  24. Profit
  25. 70
  26. 15
  27. 9
  28. 10
  29. 9
  30. selling price
  31. True
  32. 52
  33. True
  34. False
  35. selling price
  36. 3
  37. SP less than CP
  38. 16
  39. 60
  40. cost price

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