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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 328 · 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.Nisha makes 26 glasses of chai at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  2. 2.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  3. 3.True or false: “money got from a sale” is the selling price. (a) False (b) True
  4. 4.One jute bag costs ₹38 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.Tara makes 20 cupcakes at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  13. 13.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  14. 14.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  15. 15.One clay diya costs Meera ₹53 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.It costs ₹19 to make one fruit cup. On the last day Joseph sells it for only ₹16. How much is the loss on one (in ₹)?
  19. 19.Tara makes 24 handmade cards at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  20. 20.One cup of lemonade costs Ananya ₹33 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  22. 22.It costs ₹32 to make one cup of lemonade. On the last day Vihaan sells it for only ₹22. How much is the loss on one (in ₹)?
  23. 23.Nisha makes 26 painted pebbles at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  24. 24.One cup of lemonade costs ₹33 to make. Farhan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹26 to make one cupcake. On the last day Joseph sells it for only ₹22. How much is the loss on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the selling price. (a) True (b) False
  27. 27.True or false: “the price you sell at” is the selling price. (a) True (b) False
  28. 28.It costs ₹9 to make one cupcake. Gurpreet sells it for ₹15. What is the profit on one (in ₹)?
  29. 29.Joseph makes 27 painted pebbles at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  30. 30.One jute bag costs ₹10 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.Saanvi makes 12 glasses of chai at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  32. 32.One potted plant costs ₹59 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹20 to make one cup of lemonade. Farhan sells it for ₹30. What is the profit on one (in ₹)?
  34. 34.It costs ₹52 to make one friendship band. On the last day Ishaan sells it for only ₹51. How much is the loss on one (in ₹)?
  35. 35.It costs ₹49 to make one jute bag. Riya sells it for ₹53. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹49 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  37. 37.One friendship band costs Kabir ₹33 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹34 to make one clay diya. On the last day Kavya sells it for only ₹26. How much is the loss on one (in ₹)?
  39. 39.Farhan makes 14 handmade cards at a cost of ₹9 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  40. 40.It costs ₹55 to make one cupcake. On the last day Gurpreet sells it for only ₹54. How much is the loss on one (in ₹)?

Answer key

  1. 26
  2. what the buyer pays
  3. True
  4. 47
  5. cost price
  6. cost price
  7. selling price
  8. False
  9. selling price
  10. 180
  11. selling price
  12. SP more than CP
  13. what it cost you
  14. SP less than CP
  15. Profit
  16. selling price
  17. cost price
  18. 3
  19. 24
  20. Profit
  21. False
  22. 10
  23. 78
  24. 37
  25. 4
  26. True
  27. True
  28. 6
  29. 54
  30. 23
  31. 156
  32. 77
  33. 10
  34. 1
  35. 4
  36. 60
  37. Profit
  38. 8
  39. 70
  40. 1

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