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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 156 · 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.It costs ₹44 to make one cup of lemonade. On the last day Kabir sells it for only ₹37. How much is the loss on one (in ₹)?
  2. 2.One glass of chai costs ₹16 to make. Ishaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.Meera makes 16 cupcakes at a cost of ₹31 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  4. 4.One jute bag costs ₹54 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  6. 6.One potted plant costs ₹51 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹17 to make one fruit cup. Kabir sells it for ₹35. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹24 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹7 to make one paper bookmark. Arjun sells it for ₹11. What is the profit on one (in ₹)?
  10. 10.It costs ₹36 to make one handmade card. Meera sells it for ₹40. What is the profit on one (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) True (b) False
  12. 12.One friendship band costs Farhan ₹25 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.One paper bookmark costs Riya ₹32 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  17. 17.Meera makes 17 painted pebbles at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  18. 18.It costs ₹56 to make one jute bag. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  19. 19.It costs ₹33 to make one glass of chai. Rohan sells it for ₹46. What is the profit on one (in ₹)?
  20. 20.True or false: “cost of making one” is the cost price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  22. 22.It costs ₹41 to make one jute bag. On the last day Riya sells it for only ₹36. How much is the loss on one (in ₹)?
  23. 23.One glass of chai costs Vihaan ₹58 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹17 to make one paper bookmark. Meera sells it for ₹20. What is the profit on one (in ₹)?
  25. 25.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  26. 26.One handmade card costs ₹33 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.It costs ₹50 to make one painted pebble. Tara sells it for ₹52. What is the profit on one (in ₹)?
  29. 29.It costs ₹47 to make one clay diya. On the last day Nisha sells it for only ₹45. How much is the loss on one (in ₹)?
  30. 30.One fruit cup costs ₹39 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹7 to make one bag of popcorn. Rohan sells it for ₹8. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  34. 34.It costs ₹30 to make one painted pebble. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs Nisha ₹48 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “what you paid for it” is the selling price. (a) False (b) True
  37. 37.True or false: “what a customer pays” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  39. 39.It costs ₹53 to make one clay diya. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the cost price. (a) True (b) False

Answer key

  1. 7
  2. 34
  3. 192
  4. 74
  5. SP less than CP
  6. 70
  7. 18
  8. 27
  9. 4
  10. 4
  11. False
  12. Profit
  13. selling price
  14. Loss
  15. cost price
  16. selling price
  17. 102
  18. 6
  19. 13
  20. True
  21. selling price
  22. 5
  23. Loss
  24. 3
  25. what the buyer pays
  26. 47
  27. True
  28. 2
  29. 2
  30. 55
  31. 1
  32. selling price
  33. what it cost you
  34. 10
  35. Profit
  36. False
  37. True
  38. cost price
  39. 5
  40. True

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