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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 217 · 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 ₹24 to make one cup of lemonade. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  2. 2.It costs ₹38 to make one bag of popcorn. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.It costs ₹57 to make one clay diya. Vihaan sells it for ₹76. What is the profit on one (in ₹)?
  6. 6.It costs ₹39 to make one cup of lemonade. Meera sells it for ₹43. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs Saanvi ₹29 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.One painted pebble costs ₹48 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.Kabir makes 14 painted pebbles at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  11. 11.Diya makes 14 friendship bands at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  16. 16.True or false: “what a customer pays” is the selling price. (a) True (b) False
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.One friendship band costs ₹42 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.Aarav makes 29 clay diyas at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  22. 22.It costs ₹56 to make one jute bag. Aarav sells it for ₹62. What is the profit on one (in ₹)?
  23. 23.Kavya makes 5 cupcakes at a cost of ₹25 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  24. 24.True or false: “money spent to get it” is the selling price. (a) True (b) False
  25. 25.True or false: “cost of making one” is the cost price. (a) False (b) True
  26. 26.One handmade card costs ₹58 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  27. 27.Aarav makes 9 bags of popcorn at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.It costs ₹16 to make one paper bookmark. Kabir sells it for ₹18. What is the profit on one (in ₹)?
  30. 30.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  31. 31.True or false: “what you paid for it” is the selling price. (a) False (b) True
  32. 32.Meera makes 30 handmade cards at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  33. 33.It costs ₹30 to make one friendship band. Diya sells it for ₹36. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.True or false: “the price you sell at” is the selling price. (a) False (b) True
  36. 36.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  37. 37.It costs ₹19 to make one clay diya. Aarav sells it for ₹23. What is the profit on one (in ₹)?
  38. 38.It costs ₹29 to make one paper bookmark. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  39. 39.It costs ₹38 to make one cupcake. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs Gurpreet ₹17 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 16
  2. 3
  3. cost price
  4. True
  5. 19
  6. 4
  7. Loss
  8. selling price
  9. 59
  10. 28
  11. 14
  12. True
  13. cost price
  14. cost price
  15. what it cost you
  16. True
  17. False
  18. 58
  19. cost price
  20. 377
  21. False
  22. 6
  23. 60
  24. False
  25. True
  26. 68
  27. 27
  28. selling price
  29. 2
  30. what the buyer pays
  31. False
  32. 420
  33. 6
  34. selling price
  35. True
  36. SP less than CP
  37. 4
  38. 15
  39. 6
  40. Loss

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