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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 115 · 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 friendship band costs ₹42 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.One fruit cup costs Ananya ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹23 to make one handmade card. Saanvi sells it for ₹28. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.It costs ₹11 to make one bag of popcorn. Dev sells it for ₹28. What is the profit on one (in ₹)?
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  8. 8.It costs ₹49 to make one glass of chai. On the last day Lakshmi sells it for only ₹46. How much is the loss on one (in ₹)?
  9. 9.Tara makes 13 cupcakes at a cost of ₹21 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  10. 10.It costs ₹29 to make one glass of chai. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  11. 11.It costs ₹46 to make one painted pebble. On the last day Joseph sells it for only ₹37. How much is the loss on one (in ₹)?
  12. 12.It costs ₹12 to make one potted plant. Diya sells it for ₹30. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
  16. 16.True or false: “money got from a sale” is the cost price. (a) True (b) False
  17. 17.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  18. 18.Tara makes 22 glasses of chai at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  19. 19.It costs ₹9 to make one cup of lemonade. Zoya sells it for ₹12. What is the profit on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.Ishaan makes 23 glasses of chai at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  22. 22.One handmade card costs Arjun ₹58 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹25 to make one friendship band. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.It costs ₹53 to make one cup of lemonade. Ananya sells it for ₹57. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.It costs ₹7 to make one potted plant. Zoya sells it for ₹27. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs Saanvi ₹57 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  31. 31.It costs ₹9 to make one handmade card. Zoya sells it for ₹13. What is the profit on one (in ₹)?
  32. 32.True or false: “money spent to get it” is the selling price. (a) True (b) False
  33. 33.It costs ₹57 to make one cup of lemonade. Arjun sells it for ₹74. What is the profit on one (in ₹)?
  34. 34.Diya makes 24 jute bags at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  35. 35.It costs ₹42 to make one fruit cup. On the last day Zoya sells it for only ₹33. How much is the loss on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.It costs ₹15 to make one cupcake. On the last day Vihaan sells it for only ₹8. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  39. 39.True or false: “what a customer pays” is the selling price. (a) False (b) True
  40. 40.One handmade card costs ₹39 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?

Answer key

  1. 48
  2. Profit
  3. 5
  4. cost price
  5. 17
  6. True
  7. what the buyer pays
  8. 3
  9. 13
  10. 4
  11. 9
  12. 18
  13. selling price
  14. True
  15. False
  16. False
  17. SP more than CP
  18. 132
  19. 3
  20. True
  21. 299
  22. Profit
  23. 6
  24. True
  25. 4
  26. cost price
  27. True
  28. 20
  29. Loss
  30. SP less than CP
  31. 4
  32. False
  33. 17
  34. 168
  35. 9
  36. False
  37. 7
  38. what it cost you
  39. True
  40. 52

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