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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 138 · 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.One glass of chai costs ₹12 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  3. 3.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  4. 4.Diya makes 25 handmade cards at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.Saanvi makes 11 cupcakes at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  9. 9.Kabir makes 29 friendship bands at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  10. 10.One jute bag costs ₹17 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  12. 12.Dev makes 5 bags of popcorn at a cost of ₹29 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  16. 16.One paper bookmark costs ₹30 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.One cup of lemonade costs Joseph ₹35 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹44 to make one clay diya. On the last day Aarav sells it for only ₹41. How much is the loss on one (in ₹)?
  21. 21.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  22. 22.True or false: “what a customer pays” is the selling price. (a) False (b) True
  23. 23.It costs ₹56 to make one bag of popcorn. Nisha sells it for ₹65. What is the profit on one (in ₹)?
  24. 24.It costs ₹11 to make one cupcake. Diya sells it for ₹25. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹41 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.One cup of lemonade costs ₹8 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.One cup of lemonade costs ₹6 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  28. 28.Tara makes 11 bags of popcorn at a cost of ₹34 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  29. 29.One fruit cup costs ₹30 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) True (b) False
  31. 31.Riya makes 13 cupcakes at a cost of ₹25 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  32. 32.Arjun makes 27 cups of lemonade at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  33. 33.True or false: “the price on your board” is the cost price. (a) False (b) True
  34. 34.One handmade card costs Joseph ₹25 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One paper bookmark costs ₹16 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.One cup of lemonade costs ₹33 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹10 to make one painted pebble. Arjun sells it for ₹18. What is the profit on one (in ₹)?
  40. 40.Zoya makes 6 handmade cards at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?

Answer key

  1. 17
  2. SP less than CP
  3. SP more than CP
  4. 125
  5. selling price
  6. False
  7. False
  8. 66
  9. 87
  10. 19
  11. False
  12. 20
  13. selling price
  14. cost price
  15. what it cost you
  16. 36
  17. selling price
  18. True
  19. Profit
  20. 3
  21. what the buyer pays
  22. True
  23. 9
  24. 14
  25. 44
  26. 13
  27. 7
  28. 88
  29. 34
  30. False
  31. 156
  32. 108
  33. False
  34. Profit
  35. 29
  36. cost price
  37. cost price
  38. 50
  39. 8
  40. 12

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