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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 327 · 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 cupcake costs ₹5 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.True or false: “money spent to get it” is the selling price. (a) False (b) True
  4. 4.It costs ₹57 to make one paper bookmark. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  5. 5.One cup of lemonade costs ₹12 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  7. 7.Tara makes 9 cups of lemonade at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  8. 8.One jute bag costs Arjun ₹35 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹47 to make one handmade card. Ishaan sells it for ₹67. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.One handmade card costs ₹41 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.One handmade card costs ₹24 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹15 to make one bag of popcorn. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  15. 15.One painted pebble costs Joseph ₹32 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  17. 17.It costs ₹51 to make one cup of lemonade. On the last day Diya sells it for only ₹45. How much is the loss on one (in ₹)?
  18. 18.Vihaan makes 8 cups of lemonade at a cost of ₹38 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  19. 19.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.True or false: “what a customer pays” is the cost price. (a) False (b) True
  27. 27.One glass of chai costs ₹19 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹28 to make one glass of chai. Vihaan sells it for ₹46. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹35 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹42 to make one cupcake. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  31. 31.It costs ₹47 to make one handmade card. Meera sells it for ₹51. What is the profit on one (in ₹)?
  32. 32.One cupcake costs Arjun ₹34 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  35. 35.One handmade card costs Zoya ₹30 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹17 to make one bag of popcorn. Joseph sells it for ₹29. What is the profit on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.Ananya makes 25 friendship bands at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  40. 40.One paper bookmark costs Dev ₹55 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 18
  2. False
  3. False
  4. 5
  5. 30
  6. SP less than CP
  7. 18
  8. Loss
  9. 20
  10. selling price
  11. 45
  12. cost price
  13. 39
  14. 2
  15. Loss
  16. what it cost you
  17. 6
  18. 64
  19. SP more than CP
  20. cost price
  21. selling price
  22. False
  23. True
  24. False
  25. True
  26. False
  27. 26
  28. 18
  29. 39
  30. 10
  31. 4
  32. Loss
  33. what the buyer pays
  34. selling price
  35. Profit
  36. 12
  37. True
  38. True
  39. 350
  40. Profit

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