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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 989 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  2. 2.True or false: “the price on your board” is the selling price. (a) True (b) False
  3. 3.Diya makes 29 glasses of chai at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  4. 4.Meera makes 6 paper bookmarks at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  5. 5.Diya makes 27 handmade cards at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  6. 6.One handmade card costs Meera ₹46 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹42 to make one cupcake. On the last day Aarav sells it for only ₹33. How much is the loss on one (in ₹)?
  8. 8.One paper bookmark costs Saanvi ₹52 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.It costs ₹29 to make one glass of chai. On the last day Dev sells it for only ₹28. How much is the loss on one (in ₹)?
  10. 10.One paper bookmark costs Dev ₹16 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  12. 12.It costs ₹48 to make one handmade card. Joseph sells it for ₹49. What is the profit on one (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.It costs ₹33 to make one cup of lemonade. On the last day Saanvi sells it for only ₹24. How much is the loss on one (in ₹)?
  16. 16.One cup of lemonade costs ₹32 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹14 to make one painted pebble. Gurpreet sells it for ₹27. What is the profit on one (in ₹)?
  18. 18.It costs ₹12 to make one cupcake. Kavya sells it for ₹15. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One glass of chai costs ₹45 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.One potted plant costs ₹31 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  24. 24.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  25. 25.True or false: “money got from a sale” is the selling price. (a) False (b) True
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.Diya makes 14 painted pebbles at a cost of ₹28 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  28. 28.It costs ₹15 to make one friendship band. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  31. 31.One clay diya costs ₹34 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.One glass of chai costs Riya ₹30 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹23 to make one clay diya. On the last day Dev sells it for only ₹21. How much is the loss on one (in ₹)?
  34. 34.It costs ₹53 to make one clay diya. On the last day Saanvi sells it for only ₹51. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.It costs ₹15 to make one painted pebble. Riya sells it for ₹25. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹42 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  39. 39.Zoya makes 19 painted pebbles at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. SP more than CP
  2. True
  3. 116
  4. 30
  5. 270
  6. Loss
  7. 9
  8. Profit
  9. 1
  10. Profit
  11. what the buyer pays
  12. 1
  13. True
  14. cost price
  15. 9
  16. 40
  17. 13
  18. 3
  19. cost price
  20. 62
  21. 50
  22. False
  23. cost price
  24. SP less than CP
  25. True
  26. False
  27. 84
  28. 8
  29. selling price
  30. cost price
  31. 45
  32. Loss
  33. 2
  34. 2
  35. selling price
  36. False
  37. 10
  38. 53
  39. 247
  40. selling price

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