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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 895 · 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.Dev makes 29 cups of lemonade at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.It costs ₹41 to make one potted plant. Ananya sells it for ₹55. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  7. 7.It costs ₹51 to make one glass of chai. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  8. 8.Dev makes 7 cups of lemonade at a cost of ₹23 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  10. 10.It costs ₹22 to make one clay diya. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.It costs ₹24 to make one paper bookmark. Ananya sells it for ₹25. What is the profit on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.One bag of popcorn costs Ananya ₹37 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One potted plant costs Rohan ₹24 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.It costs ₹52 to make one paper bookmark. On the last day Ananya sells it for only ₹48. How much is the loss on one (in ₹)?
  19. 19.One handmade card costs Dev ₹26 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One clay diya costs ₹19 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  21. 21.Saanvi makes 16 clay diyas at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.It costs ₹18 to make one bag of popcorn. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  24. 24.It costs ₹32 to make one jute bag. Rohan sells it for ₹38. What is the profit on one (in ₹)?
  25. 25.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  26. 26.One handmade card costs Meera ₹41 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  28. 28.One cup of lemonade costs ₹44 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  29. 29.One clay diya costs Dev ₹17 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One paper bookmark costs ₹6 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  32. 32.True or false: “what a customer pays” is the selling price. (a) True (b) False
  33. 33.True or false: “money spent to get it” is the selling price. (a) True (b) False
  34. 34.True or false: “what a customer pays” is the cost price. (a) False (b) True
  35. 35.It costs ₹26 to make one glass of chai. Meera sells it for ₹38. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs Riya ₹55 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One friendship band costs ₹56 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹62 to make one fruit cup. On the last day Vihaan sells it for only ₹52. How much is the loss on one (in ₹)?
  39. 39.Ishaan makes 11 clay diyas at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price

Answer key

  1. 377
  2. what the buyer pays
  3. False
  4. 14
  5. cost price
  6. SP less than CP
  7. 7
  8. 35
  9. what it cost you
  10. 2
  11. cost price
  12. 1
  13. False
  14. Profit
  15. Loss
  16. selling price
  17. False
  18. 4
  19. Loss
  20. 35
  21. 192
  22. True
  23. 10
  24. 6
  25. SP more than CP
  26. Profit
  27. cost price
  28. 50
  29. Loss
  30. 8
  31. cost price
  32. True
  33. False
  34. False
  35. 12
  36. Loss
  37. 57
  38. 10
  39. 22
  40. selling price

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