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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 184 · 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.Ishaan makes 11 fruit cups at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  2. 2.It costs ₹49 to make one fruit cup. On the last day Meera sells it for only ₹43. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.It costs ₹12 to make one bag of popcorn. Tara sells it for ₹13. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹16 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.Diya makes 18 glasses of chai at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  10. 10.One fruit cup costs ₹31 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  13. 13.One friendship band costs ₹14 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹30 to make one fruit cup. Diya sells it for ₹47. What is the profit on one (in ₹)?
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.Rohan makes 22 glasses of chai at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  17. 17.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  18. 18.Tara makes 8 friendship bands at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.One paper bookmark costs Arjun ₹29 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.True or false: “cost of making one” is the cost price. (a) True (b) False
  25. 25.It costs ₹16 to make one cupcake. Lakshmi sells it for ₹17. What is the profit on one (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  27. 27.Rohan makes 9 cups of lemonade at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  28. 28.One fruit cup costs ₹38 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  30. 30.One clay diya costs ₹28 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.Rohan makes 8 painted pebbles at a cost of ₹34 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.Joseph makes 14 bags of popcorn at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  34. 34.Kabir makes 16 painted pebbles at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.It costs ₹58 to make one bag of popcorn. Riya sells it for ₹66. What is the profit on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the cost price. (a) False (b) True
  37. 37.One painted pebble costs ₹22 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹48 to make one cup of lemonade. On the last day Kabir sells it for only ₹47. How much is the loss on one (in ₹)?
  39. 39.It costs ₹18 to make one friendship band. On the last day Kavya sells it for only ₹17. How much is the loss on one (in ₹)?
  40. 40.One bag of popcorn costs Joseph ₹30 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 110
  2. 6
  3. cost price
  4. 1
  5. 27
  6. cost price
  7. selling price
  8. selling price
  9. 180
  10. 33
  11. selling price
  12. what it cost you
  13. 16
  14. 17
  15. False
  16. 22
  17. SP less than CP
  18. 16
  19. True
  20. Profit
  21. False
  22. SP more than CP
  23. True
  24. True
  25. 1
  26. True
  27. 54
  28. 57
  29. cost price
  30. 40
  31. 96
  32. cost price
  33. 56
  34. 224
  35. 8
  36. False
  37. 42
  38. 1
  39. 1
  40. Profit

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