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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 366 · 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 ₹8 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  2. 2.Zoya makes 20 jute bags at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.It costs ₹57 to make one handmade card. On the last day Ananya sells it for only ₹55. How much is the loss on one (in ₹)?
  5. 5.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.Tara makes 5 cupcakes at a cost of ₹30 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  8. 8.One cup of lemonade costs ₹23 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹42 to make one paper bookmark. On the last day Arjun sells it for only ₹41. How much is the loss on one (in ₹)?
  10. 10.Gurpreet makes 30 bags of popcorn at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  11. 11.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  12. 12.One glass of chai costs ₹8 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.Arjun makes 28 cupcakes at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  15. 15.Kabir makes 6 clay diyas at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  18. 18.One glass of chai costs ₹9 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  21. 21.One bag of popcorn costs ₹29 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what a customer pays” is the cost price. (a) False (b) True
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.It costs ₹54 to make one painted pebble. On the last day Meera sells it for only ₹53. How much is the loss on one (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  29. 29.It costs ₹17 to make one cup of lemonade. Tara sells it for ₹30. What is the profit on one (in ₹)?
  30. 30.It costs ₹14 to make one fruit cup. Riya sells it for ₹20. What is the profit on one (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) False (b) True
  32. 32.One cup of lemonade costs ₹19 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹16 to make one potted plant. Dev sells it for ₹34. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  35. 35.One cup of lemonade costs ₹38 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  36. 36.One glass of chai costs Arjun ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹25 to make one bag of popcorn. Arjun sells it for ₹42. What is the profit on one (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.Aarav makes 21 paper bookmarks at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  40. 40.It costs ₹16 to make one fruit cup. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?

Answer key

  1. 19
  2. 100
  3. cost price
  4. 2
  5. what the buyer pays
  6. selling price
  7. 40
  8. 36
  9. 1
  10. 450
  11. SP less than CP
  12. 19
  13. 252
  14. selling price
  15. 54
  16. True
  17. cost price
  18. 25
  19. selling price
  20. SP more than CP
  21. 34
  22. False
  23. False
  24. what it cost you
  25. True
  26. 1
  27. False
  28. selling price
  29. 13
  30. 6
  31. False
  32. 22
  33. 18
  34. cost price
  35. 58
  36. Profit
  37. 17
  38. True
  39. 294
  40. 10

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