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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 970 · 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.One glass of chai costs ₹51 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  5. 5.True or false: “the price on your board” is the selling price. (a) True (b) False
  6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
  7. 7.It costs ₹48 to make one glass of chai. On the last day Arjun sells it for only ₹46. How much is the loss on one (in ₹)?
  8. 8.True or false: “the price on your board” is the cost price. (a) False (b) True
  9. 9.One cup of lemonade costs ₹18 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  12. 12.It costs ₹47 to make one fruit cup. Riya sells it for ₹48. What is the profit on one (in ₹)?
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.One bag of popcorn costs Dev ₹37 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.One cup of lemonade costs ₹9 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “the price you sell at” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  19. 19.It costs ₹9 to make one painted pebble. Tara sells it for ₹18. What is the profit on one (in ₹)?
  20. 20.True or false: “money got from a sale” is the selling price. (a) False (b) True
  21. 21.It costs ₹17 to make one glass of chai. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  22. 22.It costs ₹18 to make one bag of popcorn. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  24. 24.Dev makes 10 cups of lemonade at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  25. 25.Arjun makes 17 cups of lemonade at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.One painted pebble costs Joseph ₹57 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹17 to make one paper bookmark. On the last day Aarav sells it for only ₹11. How much is the loss on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) False (b) True
  31. 31.It costs ₹16 to make one handmade card. Farhan sells it for ₹19. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹24 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.It costs ₹19 to make one paper bookmark. Ananya sells it for ₹36. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹26 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹36 to make one clay diya. Ishaan sells it for ₹38. What is the profit on one (in ₹)?
  38. 38.It costs ₹39 to make one handmade card. Ananya sells it for ₹57. What is the profit on one (in ₹)?
  39. 39.It costs ₹42 to make one friendship band. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  40. 40.Kabir makes 13 clay diyas at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?

Answer key

  1. 54
  2. selling price
  3. cost price
  4. SP less than CP
  5. True
  6. True
  7. 2
  8. False
  9. 34
  10. cost price
  11. what the buyer pays
  12. 1
  13. SP more than CP
  14. False
  15. Loss
  16. 12
  17. True
  18. what it cost you
  19. 9
  20. True
  21. 3
  22. 20
  23. cost price
  24. 20
  25. 85
  26. False
  27. selling price
  28. Loss
  29. 6
  30. False
  31. 3
  32. 37
  33. False
  34. selling price
  35. 17
  36. 42
  37. 2
  38. 18
  39. 8
  40. 39

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