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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 176 · 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 bag of popcorn costs ₹19 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  2. 2.Ishaan makes 7 potted plants at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  3. 3.It costs ₹28 to make one potted plant. Lakshmi sells it for ₹42. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  8. 8.It costs ₹56 to make one clay diya. On the last day Farhan sells it for only ₹49. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.It costs ₹9 to make one handmade card. Saanvi sells it for ₹28. What is the profit on one (in ₹)?
  11. 11.True or false: “cost of making one” is the selling price. (a) False (b) True
  12. 12.One friendship band costs ₹17 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.One fruit cup costs ₹6 to make. Saanvi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “the price you sell at” is the selling price. (a) False (b) True
  16. 16.One fruit cup costs ₹46 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹46 to make one bag of popcorn. Farhan sells it for ₹63. What is the profit on one (in ₹)?
  18. 18.It costs ₹13 to make one friendship band. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  19. 19.True or false: “money spent to get it” is the cost price. (a) False (b) True
  20. 20.Tara makes 11 cupcakes at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  21. 21.It costs ₹50 to make one fruit cup. Rohan sells it for ₹62. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  24. 24.It costs ₹58 to make one handmade card. On the last day Nisha sells it for only ₹52. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.It costs ₹27 to make one bag of popcorn. Nisha sells it for ₹43. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹16 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  28. 28.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  29. 29.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  30. 30.True or false: “the price on your board” is the selling price. (a) True (b) False
  31. 31.One fruit cup costs Lakshmi ₹29 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹28 to make one potted plant. Vihaan sells it for ₹31. What is the profit on one (in ₹)?
  33. 33.It costs ₹11 to make one fruit cup. On the last day Lakshmi sells it for only ₹8. How much is the loss on one (in ₹)?
  34. 34.One cup of lemonade costs Ishaan ₹57 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Aarav makes 28 potted plants at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  36. 36.One potted plant costs Lakshmi ₹33 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  38. 38.One clay diya costs ₹28 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  39. 39.One cup of lemonade costs ₹38 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “money spent to get it” is the selling price. (a) False (b) True

Answer key

  1. 31
  2. 105
  3. 14
  4. selling price
  5. False
  6. True
  7. SP less than CP
  8. 7
  9. cost price
  10. 19
  11. False
  12. 28
  13. selling price
  14. 23
  15. True
  16. 52
  17. 17
  18. 6
  19. True
  20. 165
  21. 12
  22. cost price
  23. what it cost you
  24. 6
  25. selling price
  26. 16
  27. 17
  28. what the buyer pays
  29. SP more than CP
  30. True
  31. Profit
  32. 3
  33. 3
  34. Loss
  35. 196
  36. Profit
  37. cost price
  38. 37
  39. 48
  40. False

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