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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 958 · 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.Kavya makes 18 fruit cups at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  3. 3.It costs ₹43 to make one friendship band. On the last day Tara sells it for only ₹39. How much is the loss on one (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.One cupcake costs Ishaan ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  7. 7.One bag of popcorn costs Ananya ₹41 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  9. 9.It costs ₹32 to make one clay diya. Joseph sells it for ₹37. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs Meera ₹46 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.Kavya makes 19 clay diyas at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.One glass of chai costs ₹14 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.Kavya makes 8 fruit cups at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  17. 17.One paper bookmark costs Lakshmi ₹43 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.One cup of lemonade costs ₹43 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹55 to make one potted plant. Dev sells it for ₹64. What is the profit on one (in ₹)?
  20. 20.It costs ₹48 to make one cup of lemonade. On the last day Nisha sells it for only ₹44. How much is the loss on one (in ₹)?
  21. 21.One cupcake costs ₹21 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  22. 22.Zoya makes 6 cups of lemonade at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  23. 23.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  24. 24.It costs ₹57 to make one glass of chai. On the last day Meera sells it for only ₹47. How much is the loss on one (in ₹)?
  25. 25.It costs ₹39 to make one painted pebble. Farhan sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.It costs ₹21 to make one clay diya. Farhan sells it for ₹27. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹10 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.True or false: “money got from a sale” is the selling price. (a) False (b) True
  36. 36.True or false: “the price on your board” is the selling price. (a) False (b) True
  37. 37.Ananya makes 8 paper bookmarks at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  38. 38.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  39. 39.One friendship band costs Kabir ₹27 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One painted pebble costs Lakshmi ₹46 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 252
  2. selling price
  3. 4
  4. False
  5. Profit
  6. what the buyer pays
  7. Loss
  8. what it cost you
  9. 5
  10. Profit
  11. False
  12. 209
  13. False
  14. False
  15. 19
  16. 48
  17. Profit
  18. 48
  19. 9
  20. 4
  21. 30
  22. 72
  23. SP less than CP
  24. 10
  25. 5
  26. cost price
  27. cost price
  28. True
  29. True
  30. 6
  31. 18
  32. cost price
  33. False
  34. False
  35. True
  36. True
  37. 16
  38. SP more than CP
  39. Profit
  40. Profit

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