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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 955 · 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.It costs ₹29 to make one friendship band. Ananya sells it for ₹40. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.It costs ₹20 to make one paper bookmark. On the last day Farhan sells it for only ₹19. How much is the loss on one (in ₹)?
  4. 4.True or false: “the price you sell at” is the selling price. (a) True (b) False
  5. 5.Ananya makes 28 fruit cups at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.One cupcake costs ₹36 to make. Saanvi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One friendship band costs Kabir ₹48 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.It costs ₹20 to make one painted pebble. Meera sells it for ₹36. What is the profit on one (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  14. 14.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  16. 16.It costs ₹23 to make one clay diya. On the last day Ishaan sells it for only ₹22. How much is the loss on one (in ₹)?
  17. 17.One painted pebble costs ₹44 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹66 to make one potted plant. On the last day Riya sells it for only ₹58. How much is the loss on one (in ₹)?
  19. 19.It costs ₹47 to make one bag of popcorn. Joseph sells it for ₹54. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹57 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹33 to make one clay diya. Rohan sells it for ₹38. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs Zoya ₹57 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.It costs ₹54 to make one cup of lemonade. Meera sells it for ₹65. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹12 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  26. 26.One clay diya costs Farhan ₹42 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.It costs ₹19 to make one glass of chai. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?
  29. 29.True or false: “what a customer pays” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  31. 31.Kavya makes 5 glasses of chai at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  32. 32.It costs ₹51 to make one clay diya. Saanvi sells it for ₹66. What is the profit on one (in ₹)?
  33. 33.Saanvi makes 8 glasses of chai at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.It costs ₹16 to make one glass of chai. On the last day Meera sells it for only ₹8. How much is the loss on one (in ₹)?
  35. 35.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  36. 36.Tara makes 20 painted pebbles at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.It costs ₹33 to make one cup of lemonade. Nisha sells it for ₹42. What is the profit on one (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.It costs ₹22 to make one handmade card. Arjun sells it for ₹32. What is the profit on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the cost price. (a) True (b) False

Answer key

  1. 11
  2. selling price
  3. 1
  4. True
  5. 112
  6. cost price
  7. 44
  8. selling price
  9. False
  10. Loss
  11. selling price
  12. 16
  13. SP less than CP
  14. what the buyer pays
  15. what it cost you
  16. 1
  17. 50
  18. 8
  19. 7
  20. 76
  21. 5
  22. Loss
  23. True
  24. 11
  25. 21
  26. Profit
  27. cost price
  28. 3
  29. False
  30. cost price
  31. 55
  32. 15
  33. 56
  34. 8
  35. SP more than CP
  36. 140
  37. 9
  38. True
  39. 10
  40. True

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