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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 149 · 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.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  2. 2.Aarav makes 12 cupcakes at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  3. 3.Ishaan makes 12 paper bookmarks at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.True or false: “money spent to get it” is the selling price. (a) True (b) False
  6. 6.It costs ₹8 to make one cup of lemonade. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  7. 7.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  8. 8.One clay diya costs Meera ₹29 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹55 to make one fruit cup. Aarav sells it for ₹62. What is the profit on one (in ₹)?
  10. 10.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  13. 13.It costs ₹40 to make one cupcake. On the last day Riya sells it for only ₹36. How much is the loss on one (in ₹)?
  14. 14.One glass of chai costs ₹30 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹28 to make one bag of popcorn. Gurpreet sells it for ₹40. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹24 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹43 to make one painted pebble. On the last day Meera sells it for only ₹39. How much is the loss on one (in ₹)?
  18. 18.It costs ₹13 to make one paper bookmark. Dev sells it for ₹23. What is the profit on one (in ₹)?
  19. 19.Riya makes 10 clay diyas at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  20. 20.Kavya makes 19 clay diyas at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  21. 21.One paper bookmark costs ₹32 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.It costs ₹43 to make one fruit cup. On the last day Arjun sells it for only ₹39. How much is the loss on one (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  28. 28.One glass of chai costs ₹47 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.Ishaan makes 9 cups of lemonade at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  30. 30.It costs ₹54 to make one clay diya. On the last day Saanvi sells it for only ₹53. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.Dev makes 24 fruit cups at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  33. 33.One bag of popcorn costs Aarav ₹56 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹10 to make one jute bag. Lakshmi sells it for ₹23. What is the profit on one (in ₹)?
  35. 35.It costs ₹34 to make one clay diya. Dev sells it for ₹46. What is the profit on one (in ₹)?
  36. 36.Ananya makes 16 friendship bands at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.Rohan makes 11 bags of popcorn at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  38. 38.One handmade card costs ₹27 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹37 to make one glass of chai. Riya sells it for ₹41. What is the profit on one (in ₹)?
  40. 40.One cupcake costs Kabir ₹35 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what it cost you
  2. 36
  3. 60
  4. True
  5. False
  6. 12
  7. what the buyer pays
  8. Loss
  9. 7
  10. SP more than CP
  11. False
  12. SP less than CP
  13. 4
  14. 43
  15. 12
  16. 34
  17. 4
  18. 10
  19. 40
  20. 171
  21. 33
  22. cost price
  23. False
  24. False
  25. 4
  26. False
  27. selling price
  28. 57
  29. 45
  30. 1
  31. selling price
  32. 336
  33. Loss
  34. 13
  35. 12
  36. 48
  37. 88
  38. 39
  39. 4
  40. Loss

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