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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 337 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  2. 2.It costs ₹54 to make one cup of lemonade. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  4. 4.Joseph makes 11 bags of popcorn at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.It costs ₹55 to make one potted plant. On the last day Arjun sells it for only ₹49. How much is the loss on one (in ₹)?
  8. 8.One cup of lemonade costs ₹21 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “the price on your board” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.One cupcake costs ₹59 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.It costs ₹48 to make one potted plant. Ananya sells it for ₹67. What is the profit on one (in ₹)?
  18. 18.Vihaan makes 10 clay diyas at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  22. 22.It costs ₹36 to make one painted pebble. Nisha sells it for ₹51. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  24. 24.One bag of popcorn costs ₹13 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.One potted plant costs ₹23 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  26. 26.One cup of lemonade costs Farhan ₹22 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.One handmade card costs ₹6 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹9 to make one handmade card. Rohan sells it for ₹22. What is the profit on one (in ₹)?
  29. 29.It costs ₹28 to make one bag of popcorn. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  30. 30.It costs ₹49 to make one paper bookmark. On the last day Riya sells it for only ₹46. How much is the loss on one (in ₹)?
  31. 31.Arjun makes 26 jute bags at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  32. 32.It costs ₹42 to make one paper bookmark. Diya sells it for ₹47. What is the profit on one (in ₹)?
  33. 33.Saanvi makes 14 fruit cups at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  34. 34.True or false: “the price you sell at” is the cost price. (a) True (b) False
  35. 35.One cup of lemonade costs ₹33 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  36. 36.One cup of lemonade costs ₹8 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹34 to make one handmade card. Vihaan sells it for ₹48. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹33 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  40. 40.One bag of popcorn costs ₹52 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. SP more than CP
  2. 2
  3. what the buyer pays
  4. 154
  5. SP less than CP
  6. selling price
  7. 6
  8. 39
  9. True
  10. selling price
  11. 76
  12. selling price
  13. False
  14. True
  15. selling price
  16. False
  17. 19
  18. 10
  19. cost price
  20. what it cost you
  21. cost price
  22. 15
  23. cost price
  24. 19
  25. 43
  26. Profit
  27. 9
  28. 13
  29. 11
  30. 3
  31. 364
  32. 5
  33. 98
  34. False
  35. 39
  36. 27
  37. 14
  38. 45
  39. False
  40. 59

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