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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 340 · 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 cup of lemonade costs ₹29 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.Lakshmi makes 28 fruit cups at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  6. 6.It costs ₹23 to make one paper bookmark. Vihaan sells it for ₹35. What is the profit on one (in ₹)?
  7. 7.It costs ₹34 to make one cup of lemonade. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  8. 8.True or false: “the price you sell at” is the cost price. (a) False (b) True
  9. 9.It costs ₹30 to make one handmade card. On the last day Farhan sells it for only ₹21. How much is the loss on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.True or false: “what you paid for it” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  13. 13.True or false: “the price you sell at” is the selling price. (a) True (b) False
  14. 14.One cupcake costs ₹22 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹31 to make one cup of lemonade. Zoya sells it for ₹47. What is the profit on one (in ₹)?
  16. 16.True or false: “money spent to get it” is the selling price. (a) False (b) True
  17. 17.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  18. 18.One friendship band costs ₹18 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  19. 19.Gurpreet makes 22 paper bookmarks at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  23. 23.One clay diya costs ₹35 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  24. 24.Aarav makes 30 glasses of chai at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.True or false: “money got from a sale” is the cost price. (a) False (b) True
  27. 27.It costs ₹41 to make one fruit cup. On the last day Ananya sells it for only ₹40. How much is the loss on one (in ₹)?
  28. 28.It costs ₹56 to make one cupcake. Nisha sells it for ₹57. What is the profit on one (in ₹)?
  29. 29.Dev makes 22 cupcakes at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  30. 30.One friendship band costs Ishaan ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One jute bag costs Zoya ₹29 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.It costs ₹17 to make one potted plant. Diya sells it for ₹31. What is the profit on one (in ₹)?
  34. 34.It costs ₹50 to make one jute bag. On the last day Dev sells it for only ₹47. How much is the loss on one (in ₹)?
  35. 35.Rohan makes 13 potted plants at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  36. 36.True or false: “money got from a sale” is the selling price. (a) True (b) False
  37. 37.One handmade card costs ₹47 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  40. 40.One glass of chai costs ₹55 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?

Answer key

  1. 48
  2. False
  3. cost price
  4. selling price
  5. 420
  6. 12
  7. 5
  8. False
  9. 9
  10. False
  11. True
  12. what it cost you
  13. True
  14. 34
  15. 16
  16. False
  17. what the buyer pays
  18. 33
  19. 44
  20. selling price
  21. True
  22. SP more than CP
  23. 52
  24. 150
  25. selling price
  26. False
  27. 1
  28. 1
  29. 264
  30. Loss
  31. Profit
  32. cost price
  33. 14
  34. 3
  35. 78
  36. True
  37. 48
  38. selling price
  39. SP less than CP
  40. 64

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