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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 903 · 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.One glass of chai costs ₹36 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  2. 2.One bag of popcorn costs ₹19 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.Tara makes 25 bags of popcorn at a cost of ₹25 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  6. 6.One painted pebble costs Arjun ₹53 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹13 to make one cup of lemonade. Arjun sells it for ₹20. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs Lakshmi ₹34 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.Joseph makes 7 cups of lemonade at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.One friendship band costs ₹21 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  12. 12.One handmade card costs ₹17 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.Rohan makes 12 friendship bands at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  15. 15.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  16. 16.True or false: “what you paid for it” is the cost price. (a) False (b) True
  17. 17.It costs ₹51 to make one cupcake. On the last day Kavya sells it for only ₹50. How much is the loss on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.It costs ₹20 to make one handmade card. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  20. 20.It costs ₹57 to make one glass of chai. Dev sells it for ₹72. What is the profit on one (in ₹)?
  21. 21.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.One cup of lemonade costs ₹9 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹13 to make one glass of chai. Vihaan sells it for ₹15. What is the profit on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.One jute bag costs ₹13 to make. Gurpreet wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹62 to make one fruit cup. On the last day Vihaan sells it for only ₹55. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.True or false: “cost of making one” is the selling price. (a) False (b) True
  31. 31.Aarav makes 10 painted pebbles at a cost of ₹27 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  32. 32.One handmade card costs ₹5 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  33. 33.One friendship band costs Rohan ₹16 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  35. 35.It costs ₹61 to make one glass of chai. On the last day Dev sells it for only ₹53. How much is the loss on one (in ₹)?
  36. 36.Lakshmi makes 17 friendship bands at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  37. 37.It costs ₹50 to make one jute bag. Lakshmi sells it for ₹61. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.True or false: “what a customer pays” is the cost price. (a) True (b) False
  40. 40.One cup of lemonade costs Aarav ₹18 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 43
  2. 32
  3. cost price
  4. 100
  5. SP less than CP
  6. Loss
  7. 7
  8. Loss
  9. 49
  10. selling price
  11. 36
  12. 31
  13. selling price
  14. 180
  15. SP more than CP
  16. True
  17. 1
  18. False
  19. 1
  20. 15
  21. what the buyer pays
  22. True
  23. 21
  24. 2
  25. True
  26. 25
  27. 7
  28. what it cost you
  29. cost price
  30. False
  31. 110
  32. 13
  33. Profit
  34. cost price
  35. 8
  36. 51
  37. 11
  38. selling price
  39. False
  40. Loss

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