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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 901 · 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.Tara makes 21 fruit cups at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.Lakshmi makes 9 potted plants at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  4. 4.Ananya makes 9 cups of lemonade at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.It costs ₹56 to make one cupcake. Rohan sells it for ₹72. What is the profit on one (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.One cupcake costs Joseph ₹26 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  11. 11.It costs ₹10 to make one cupcake. On the last day Dev sells it for only ₹5. How much is the loss on one (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.One jute bag costs ₹43 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “what a customer pays” is the selling price. (a) True (b) False
  15. 15.Farhan makes 14 clay diyas at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  16. 16.True or false: “money spent to get it” is the selling price. (a) True (b) False
  17. 17.It costs ₹55 to make one friendship band. Joseph sells it for ₹70. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs Arjun ₹43 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “the price you sell at” is the selling price. (a) True (b) False
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.It costs ₹25 to make one jute bag. On the last day Kabir sells it for only ₹18. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.Farhan makes 18 paper bookmarks at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  28. 28.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  30. 30.One jute bag costs ₹10 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹50 to make one friendship band. On the last day Gurpreet sells it for only ₹44. How much is the loss on one (in ₹)?
  32. 32.One glass of chai costs ₹24 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  33. 33.One cup of lemonade costs ₹15 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  35. 35.One paper bookmark costs ₹10 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  36. 36.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  37. 37.One cup of lemonade costs ₹16 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹25 to make one fruit cup. Joseph sells it for ₹35. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. 105
  2. False
  3. 36
  4. 81
  5. selling price
  6. selling price
  7. 16
  8. False
  9. Loss
  10. what it cost you
  11. 5
  12. True
  13. 61
  14. True
  15. 28
  16. False
  17. 15
  18. Loss
  19. True
  20. False
  21. True
  22. cost price
  23. True
  24. True
  25. 7
  26. selling price
  27. 126
  28. SP more than CP
  29. cost price
  30. 29
  31. 6
  32. 35
  33. 22
  34. what the buyer pays
  35. 22
  36. SP less than CP
  37. 20
  38. 10
  39. cost price
  40. selling price

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