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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 875 · 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: what you paid for it? (a) selling price (b) cost price
  2. 2.Diya makes 17 painted pebbles at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  3. 3.One fruit cup costs ₹53 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  4. 4.One bag of popcorn costs ₹9 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price you sell at” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.One friendship band costs ₹14 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  11. 11.It costs ₹48 to make one handmade card. On the last day Meera sells it for only ₹41. How much is the loss on one (in ₹)?
  12. 12.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.One clay diya costs ₹16 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.It costs ₹50 to make one cup of lemonade. Tara sells it for ₹65. What is the profit on one (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) False (b) True
  18. 18.One cup of lemonade costs Meera ₹22 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹24 to make one cupcake. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  20. 20.It costs ₹18 to make one painted pebble. On the last day Diya sells it for only ₹15. How much is the loss on one (in ₹)?
  21. 21.One bag of popcorn costs ₹12 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  24. 24.Farhan makes 15 friendship bands at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  25. 25.One fruit cup costs Rohan ₹45 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One paper bookmark costs Kabir ₹34 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.One potted plant costs ₹38 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.It costs ₹24 to make one paper bookmark. On the last day Ishaan sells it for only ₹15. How much is the loss on one (in ₹)?
  31. 31.It costs ₹30 to make one friendship band. Meera sells it for ₹50. What is the profit on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the selling price. (a) False (b) True
  33. 33.It costs ₹65 to make one clay diya. On the last day Aarav sells it for only ₹56. How much is the loss on one (in ₹)?
  34. 34.Joseph makes 5 clay diyas at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.One glass of chai costs ₹16 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “what you paid for it” is the cost price. (a) True (b) False
  37. 37.True or false: “money got from a sale” is the cost price. (a) True (b) False
  38. 38.Kabir makes 18 glasses of chai at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.It costs ₹47 to make one glass of chai. Ishaan sells it for ₹65. What is the profit on one (in ₹)?
  40. 40.It costs ₹68 to make one friendship band. On the last day Diya sells it for only ₹60. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. 34
  3. 72
  4. 14
  5. False
  6. selling price
  7. cost price
  8. 33
  9. cost price
  10. SP less than CP
  11. 7
  12. what the buyer pays
  13. False
  14. 21
  15. cost price
  16. 15
  17. False
  18. Loss
  19. 5
  20. 3
  21. 16
  22. SP more than CP
  23. selling price
  24. 105
  25. Loss
  26. Loss
  27. True
  28. 39
  29. True
  30. 9
  31. 20
  32. False
  33. 9
  34. 55
  35. 18
  36. True
  37. False
  38. 270
  39. 18
  40. 8

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