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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 889 · 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.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  2. 2.It costs ₹47 to make one fruit cup. On the last day Kabir sells it for only ₹39. How much is the loss on one (in ₹)?
  3. 3.It costs ₹5 to make one potted plant. Farhan sells it for ₹10. What is the profit on one (in ₹)?
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  5. 5.True or false: “what you paid for it” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  9. 9.It costs ₹50 to make one glass of chai. On the last day Nisha sells it for only ₹43. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.One jute bag costs Rohan ₹36 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.One potted plant costs ₹52 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.It costs ₹28 to make one clay diya. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  16. 16.One friendship band costs Gurpreet ₹48 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.Joseph makes 27 cups of lemonade at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  20. 20.It costs ₹51 to make one painted pebble. On the last day Rohan sells it for only ₹45. How much is the loss on one (in ₹)?
  21. 21.One painted pebble costs ₹35 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  22. 22.One cupcake costs ₹19 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹54 to make one fruit cup. On the last day Diya sells it for only ₹44. How much is the loss on one (in ₹)?
  24. 24.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  25. 25.One handmade card costs ₹52 to make. Farhan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  26. 26.One fruit cup costs Joseph ₹40 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹59 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹50. How much is the loss on one (in ₹)?
  28. 28.Aarav makes 20 potted plants at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  29. 29.One cup of lemonade costs ₹46 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  30. 30.Saanvi makes 29 fruit cups at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  31. 31.One painted pebble costs Arjun ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.Ishaan makes 27 friendship bands at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  33. 33.It costs ₹56 to make one cup of lemonade. Saanvi sells it for ₹66. What is the profit on one (in ₹)?
  34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
  35. 35.One glass of chai costs ₹31 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.One bag of popcorn costs Ananya ₹56 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹43 to make one cup of lemonade. On the last day Nisha sells it for only ₹42. How much is the loss on one (in ₹)?
  40. 40.It costs ₹7 to make one glass of chai. Lakshmi sells it for ₹20. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 8
  3. 5
  4. what the buyer pays
  5. False
  6. cost price
  7. selling price
  8. SP less than CP
  9. 7
  10. cost price
  11. Profit
  12. 72
  13. what it cost you
  14. selling price
  15. 3
  16. Profit
  17. cost price
  18. 81
  19. True
  20. 6
  21. 38
  22. 26
  23. 10
  24. SP more than CP
  25. 67
  26. Loss
  27. 9
  28. 140
  29. 50
  30. 348
  31. Loss
  32. 27
  33. 10
  34. False
  35. 33
  36. selling price
  37. selling price
  38. Loss
  39. 1
  40. 13

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