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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 849 · 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.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  2. 2.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  3. 3.One friendship band costs ₹44 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.It costs ₹15 to make one glass of chai. Diya sells it for ₹25. What is the profit on one (in ₹)?
  6. 6.It costs ₹23 to make one friendship band. Gurpreet sells it for ₹33. What is the profit on one (in ₹)?
  7. 7.It costs ₹39 to make one cup of lemonade. On the last day Farhan sells it for only ₹38. How much is the loss on one (in ₹)?
  8. 8.It costs ₹59 to make one painted pebble. Nisha sells it for ₹76. What is the profit on one (in ₹)?
  9. 9.Gurpreet makes 18 bags of popcorn at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  11. 11.True or false: “what you paid for it” is the cost price. (a) False (b) True
  12. 12.It costs ₹56 to make one potted plant. Diya sells it for ₹75. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹48 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.Farhan makes 29 cupcakes at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  15. 15.One glass of chai costs ₹24 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.It costs ₹20 to make one bag of popcorn. Ananya sells it for ₹25. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs Diya ₹58 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One glass of chai costs Ananya ₹19 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹20 to make one cupcake. Gurpreet sells it for ₹35. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.True or false: “money got from a sale” is the cost price. (a) False (b) True
  23. 23.It costs ₹12 to make one glass of chai. On the last day Lakshmi sells it for only ₹6. How much is the loss on one (in ₹)?
  24. 24.Aarav makes 9 fruit cups at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  26. 26.It costs ₹53 to make one cupcake. On the last day Ananya sells it for only ₹50. How much is the loss on one (in ₹)?
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.One handmade card costs ₹32 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹9 to make one potted plant. Meera sells it for ₹11. What is the profit on one (in ₹)?
  31. 31.It costs ₹51 to make one potted plant. Meera sells it for ₹65. What is the profit on one (in ₹)?
  32. 32.Dev makes 15 glasses of chai at a cost of ₹21 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  34. 34.It costs ₹52 to make one paper bookmark. Aarav sells it for ₹67. What is the profit on one (in ₹)?
  35. 35.It costs ₹60 to make one clay diya. Vihaan sells it for ₹78. What is the profit on one (in ₹)?
  36. 36.It costs ₹25 to make one fruit cup. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?
  37. 37.One fruit cup costs ₹29 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  38. 38.Aarav makes 5 painted pebbles at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.It costs ₹41 to make one cup of lemonade. On the last day Joseph sells it for only ₹33. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. SP more than CP
  3. 51
  4. cost price
  5. 10
  6. 10
  7. 1
  8. 17
  9. 54
  10. False
  11. True
  12. 19
  13. 63
  14. 87
  15. 29
  16. selling price
  17. 5
  18. Loss
  19. Profit
  20. 15
  21. cost price
  22. False
  23. 6
  24. 81
  25. what it cost you
  26. 3
  27. False
  28. False
  29. 41
  30. 2
  31. 14
  32. 120
  33. SP less than CP
  34. 15
  35. 18
  36. 4
  37. 43
  38. 35
  39. selling price
  40. 8

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