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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 88 · 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.True or false: “money spent to get it” is the cost price. (a) True (b) False
  2. 2.It costs ₹43 to make one friendship band. Kavya sells it for ₹56. What is the profit on one (in ₹)?
  3. 3.It costs ₹27 to make one glass of chai. On the last day Lakshmi sells it for only ₹24. How much is the loss on one (in ₹)?
  4. 4.It costs ₹49 to make one friendship band. On the last day Saanvi sells it for only ₹48. How much is the loss on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.Ananya makes 21 fruit cups at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.One handmade card costs ₹11 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  9. 9.Rohan makes 19 glasses of chai at a cost of ₹36 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.Nisha makes 15 handmade cards at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  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.It costs ₹10 to make one bag of popcorn. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.Ananya makes 6 fruit cups at a cost of ₹36 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.One painted pebble costs ₹45 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹33 to make one painted pebble. Ishaan sells it for ₹50. What is the profit on one (in ₹)?
  20. 20.It costs ₹32 to make one glass of chai. On the last day Tara sells it for only ₹23. How much is the loss on one (in ₹)?
  21. 21.It costs ₹54 to make one fruit cup. On the last day Joseph sells it for only ₹53. How much is the loss on one (in ₹)?
  22. 22.It costs ₹19 to make one friendship band. On the last day Ananya sells it for only ₹14. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  26. 26.True or false: “what a customer pays” is the cost price. (a) False (b) True
  27. 27.It costs ₹21 to make one bag of popcorn. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  28. 28.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  29. 29.True or false: “the price you sell at” is the selling price. (a) False (b) True
  30. 30.It costs ₹30 to make one paper bookmark. On the last day Gurpreet sells it for only ₹27. How much is the loss on one (in ₹)?
  31. 31.One paper bookmark costs Dev ₹29 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.Farhan makes 23 glasses of chai at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.One cupcake costs Diya ₹35 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  35. 35.True or false: “money spent to get it” is the selling price. (a) False (b) True
  36. 36.Riya makes 6 jute bags at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  37. 37.One jute bag costs ₹42 to make. Lakshmi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.One cup of lemonade costs Meera ₹55 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.Diya makes 27 clay diyas at a cost of ₹7 each and sells all of them at ₹14 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. 13
  3. 3
  4. 1
  5. False
  6. 42
  7. False
  8. 24
  9. 228
  10. cost price
  11. 120
  12. SP more than CP
  13. 20
  14. True
  15. 36
  16. selling price
  17. selling price
  18. 53
  19. 17
  20. 9
  21. 1
  22. 5
  23. cost price
  24. True
  25. what the buyer pays
  26. False
  27. 4
  28. SP less than CP
  29. True
  30. 3
  31. Profit
  32. 115
  33. Loss
  34. what it cost you
  35. False
  36. 48
  37. 54
  38. Loss
  39. cost price
  40. 189

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