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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 165 · 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 ₹49 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.One jute bag costs ₹51 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹39 to make one paper bookmark. Diya sells it for ₹49. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.True or false: “the price you sell at” is the selling price. (a) False (b) True
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  9. 9.Kavya makes 26 potted plants at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.One handmade card costs Aarav ₹44 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One bag of popcorn costs ₹12 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  15. 15.Ananya makes 28 cupcakes at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  16. 16.True or false: “the price on your board” is the cost price. (a) False (b) True
  17. 17.Gurpreet makes 10 jute bags at a cost of ₹33 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  18. 18.It costs ₹52 to make one paper bookmark. Vihaan sells it for ₹69. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹34 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.One friendship band costs ₹47 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  22. 22.One glass of chai costs ₹53 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  24. 24.Joseph makes 26 potted plants at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  25. 25.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  26. 26.It costs ₹35 to make one cup of lemonade. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  27. 27.One cupcake costs Dev ₹45 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Saanvi makes 29 cups of lemonade at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  30. 30.One friendship band costs ₹9 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.One cup of lemonade costs Lakshmi ₹48 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.Tara makes 20 paper bookmarks at a cost of ₹18 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  34. 34.It costs ₹52 to make one handmade card. On the last day Farhan sells it for only ₹49. How much is the loss on one (in ₹)?
  35. 35.It costs ₹52 to make one fruit cup. On the last day Zoya sells it for only ₹45. How much is the loss on one (in ₹)?
  36. 36.It costs ₹41 to make one cup of lemonade. Dev sells it for ₹50. What is the profit on one (in ₹)?
  37. 37.Riya makes 11 clay diyas at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  38. 38.One handmade card costs ₹21 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹24 to make one fruit cup. Gurpreet sells it for ₹35. What is the profit on one (in ₹)?
  40. 40.Riya makes 26 fruit cups at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?

Answer key

  1. 50
  2. False
  3. 64
  4. 10
  5. selling price
  6. True
  7. True
  8. SP less than CP
  9. 182
  10. what it cost you
  11. selling price
  12. cost price
  13. Profit
  14. 27
  15. 28
  16. False
  17. 90
  18. 17
  19. 35
  20. cost price
  21. 53
  22. 58
  23. what the buyer pays
  24. 104
  25. SP more than CP
  26. 17
  27. Profit
  28. 116
  29. selling price
  30. 28
  31. Profit
  32. 200
  33. True
  34. 3
  35. 7
  36. 9
  37. 121
  38. 27
  39. 11
  40. 286

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