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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 884 · 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 a customer pays? (a) cost price (b) selling price
  2. 2.It costs ₹10 to make one fruit cup. On the last day Kavya sells it for only ₹7. How much is the loss on one (in ₹)?
  3. 3.One cupcake costs Ananya ₹52 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One clay diya costs ₹55 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  6. 6.Kabir makes 23 painted pebbles at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.One cup of lemonade costs ₹17 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  10. 10.One jute bag costs Nisha ₹32 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One friendship band costs ₹50 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  14. 14.One clay diya costs ₹14 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.Aarav makes 27 paper bookmarks at a cost of ₹6 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  16. 16.One cup of lemonade costs ₹22 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹49 to make one bag of popcorn. On the last day Dev sells it for only ₹41. How much is the loss on one (in ₹)?
  18. 18.One clay diya costs ₹59 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹64 to make one handmade card. On the last day Kavya sells it for only ₹57. How much is the loss on one (in ₹)?
  20. 20.It costs ₹46 to make one cupcake. Kavya sells it for ₹53. What is the profit on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.It costs ₹51 to make one jute bag. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  24. 24.Diya makes 16 handmade cards at a cost of ₹7 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.True or false: “what a customer pays” is the selling price. (a) False (b) True
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  29. 29.It costs ₹50 to make one cup of lemonade. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  30. 30.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  31. 31.True or false: “money spent to get it” is the selling price. (a) True (b) False
  32. 32.It costs ₹6 to make one glass of chai. Arjun sells it for ₹23. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  35. 35.Ananya makes 30 cupcakes at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  36. 36.It costs ₹52 to make one cupcake. Kavya sells it for ₹71. What is the profit on one (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  40. 40.Vihaan makes 16 jute bags at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. 3
  3. Profit
  4. 73
  5. what it cost you
  6. 276
  7. False
  8. cost price
  9. 31
  10. Profit
  11. 54
  12. cost price
  13. SP more than CP
  14. 23
  15. 135
  16. 29
  17. 8
  18. 68
  19. 7
  20. 7
  21. True
  22. False
  23. 9
  24. 80
  25. True
  26. True
  27. cost price
  28. selling price
  29. 4
  30. what the buyer pays
  31. False
  32. 17
  33. selling price
  34. selling price
  35. 150
  36. 19
  37. False
  38. cost price
  39. SP less than CP
  40. 144

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