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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 948 · 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.Riya makes 14 cupcakes at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  2. 2.One friendship band costs Ananya ₹40 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One jute bag costs ₹10 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.It costs ₹38 to make one glass of chai. On the last day Joseph sells it for only ₹32. How much is the loss on one (in ₹)?
  7. 7.True or false: “money spent to get it” is the cost price. (a) False (b) True
  8. 8.It costs ₹15 to make one cup of lemonade. On the last day Saanvi sells it for only ₹8. How much is the loss on one (in ₹)?
  9. 9.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.It costs ₹18 to make one friendship band. Riya sells it for ₹38. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹32 to make. Lakshmi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.One cupcake costs Zoya ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.It costs ₹10 to make one fruit cup. On the last day Zoya sells it for only ₹5. How much is the loss on one (in ₹)?
  16. 16.One fruit cup costs Rohan ₹48 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.One potted plant costs Ananya ₹40 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.Gurpreet makes 16 potted plants at a cost of ₹38 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  21. 21.One glass of chai costs ₹19 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  23. 23.One cup of lemonade costs Ananya ₹34 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹17 to make one jute bag. Ananya sells it for ₹22. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs Rohan ₹36 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  27. 27.Ananya makes 17 friendship bands at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  28. 28.True or false: “what a customer pays” is the selling price. (a) True (b) False
  29. 29.One jute bag costs ₹19 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹17 to make one glass of chai. On the last day Riya sells it for only ₹13. How much is the loss on one (in ₹)?
  31. 31.One clay diya costs Aarav ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.True or false: “the price you sell at” is the selling price. (a) True (b) False
  33. 33.True or false: “cost of making one” is the selling price. (a) True (b) False
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.It costs ₹38 to make one cupcake. Diya sells it for ₹43. What is the profit on one (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.One cup of lemonade costs Riya ₹29 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP

Answer key

  1. 168
  2. Profit
  3. 13
  4. selling price
  5. selling price
  6. 6
  7. True
  8. 7
  9. what the buyer pays
  10. cost price
  11. 20
  12. 52
  13. Profit
  14. True
  15. 5
  16. Loss
  17. True
  18. Profit
  19. cost price
  20. 208
  21. 22
  22. what it cost you
  23. Loss
  24. 5
  25. Loss
  26. False
  27. 34
  28. True
  29. 36
  30. 4
  31. Loss
  32. True
  33. False
  34. True
  35. selling price
  36. False
  37. 5
  38. False
  39. Profit
  40. SP less than CP

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