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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 147 · 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 potted plant costs Saanvi ₹25 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.Nisha makes 9 friendship bands at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  3. 3.One cup of lemonade costs ₹55 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  4. 4.Riya makes 14 cupcakes at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.It costs ₹53 to make one clay diya. Ananya sells it for ₹58. What is the profit on one (in ₹)?
  9. 9.True or false: “the price you sell at” is the selling price. (a) True (b) False
  10. 10.True or false: “cost of making one” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.It costs ₹16 to make one cupcake. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  16. 16.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  18. 18.One jute bag costs Ananya ₹54 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.It costs ₹6 to make one jute bag. Nisha sells it for ₹16. What is the profit on one (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) True (b) False
  22. 22.One potted plant costs ₹60 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  23. 23.Ishaan makes 20 friendship bands at a cost of ₹19 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  24. 24.One bag of popcorn costs Kavya ₹60 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.It costs ₹16 to make one fruit cup. On the last day Farhan sells it for only ₹9. How much is the loss on one (in ₹)?
  27. 27.It costs ₹34 to make one bag of popcorn. On the last day Vihaan sells it for only ₹28. How much is the loss on one (in ₹)?
  28. 28.One cup of lemonade costs ₹16 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹13 to make one cup of lemonade. Kabir sells it for ₹21. What is the profit on one (in ₹)?
  30. 30.One potted plant costs Saanvi ₹35 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “what you paid for it” is the selling price. (a) False (b) True
  32. 32.One cup of lemonade costs Meera ₹17 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹39 to make one friendship band. Nisha sells it for ₹52. What is the profit on one (in ₹)?
  34. 34.Diya makes 24 cupcakes at a cost of ₹18 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  35. 35.It costs ₹63 to make one fruit cup. On the last day Zoya sells it for only ₹54. How much is the loss on one (in ₹)?
  36. 36.True or false: “the price you sell at” is the cost price. (a) True (b) False
  37. 37.It costs ₹14 to make one jute bag. Gurpreet sells it for ₹27. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  39. 39.It costs ₹52 to make one potted plant. On the last day Lakshmi sells it for only ₹47. How much is the loss on one (in ₹)?
  40. 40.Ananya makes 20 glasses of chai at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. Loss
  2. 36
  3. 65
  4. 70
  5. what it cost you
  6. selling price
  7. cost price
  8. 5
  9. True
  10. False
  11. selling price
  12. what the buyer pays
  13. selling price
  14. cost price
  15. 8
  16. SP less than CP
  17. False
  18. Loss
  19. cost price
  20. 10
  21. False
  22. 72
  23. 20
  24. Profit
  25. False
  26. 7
  27. 6
  28. 22
  29. 8
  30. Profit
  31. False
  32. Loss
  33. 13
  34. 240
  35. 9
  36. False
  37. 13
  38. cost price
  39. 5
  40. 180

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