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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 377 · 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) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  2. 2.It costs ₹18 to make one paper bookmark. Dev sells it for ₹33. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹15 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.One cup of lemonade costs Zoya ₹40 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One cupcake costs ₹17 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  6. 6.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  7. 7.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  8. 8.It costs ₹46 to make one handmade card. Ananya sells it for ₹54. What is the profit on one (in ₹)?
  9. 9.It costs ₹39 to make one jute bag. Arjun sells it for ₹44. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.It costs ₹50 to make one paper bookmark. Saanvi sells it for ₹53. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.It costs ₹17 to make one glass of chai. Lakshmi sells it for ₹20. What is the profit on one (in ₹)?
  14. 14.Aarav makes 9 cups of lemonade at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  15. 15.One cupcake costs Riya ₹36 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹19 to make one handmade card. On the last day Riya sells it for only ₹12. How much is the loss on one (in ₹)?
  17. 17.It costs ₹17 to make one fruit cup. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  18. 18.One bag of popcorn costs ₹59 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  19. 19.Joseph makes 15 friendship bands at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  20. 20.It costs ₹7 to make one fruit cup. Vihaan sells it for ₹17. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  24. 24.It costs ₹45 to make one friendship band. Dev sells it for ₹56. What is the profit on one (in ₹)?
  25. 25.Dev makes 24 cupcakes at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  26. 26.Kavya makes 26 friendship bands at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  27. 27.One fruit cup costs Diya ₹25 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹21 to make one cup of lemonade. Joseph sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.It costs ₹17 to make one glass of chai. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  30. 30.One friendship band costs Diya ₹32 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.One bag of popcorn costs ₹54 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  33. 33.One paper bookmark costs ₹36 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.Meera makes 10 painted pebbles at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  36. 36.One friendship band costs ₹35 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.True or false: “the price you sell at” is the selling price. (a) True (b) False
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  40. 40.One fruit cup costs ₹28 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?

Answer key

  1. SP more than CP
  2. 15
  3. 23
  4. Profit
  5. 32
  6. what the buyer pays
  7. SP less than CP
  8. 8
  9. 5
  10. cost price
  11. 3
  12. selling price
  13. 3
  14. 63
  15. Profit
  16. 7
  17. 8
  18. 72
  19. 90
  20. 10
  21. cost price
  22. True
  23. what it cost you
  24. 11
  25. 24
  26. 52
  27. Profit
  28. 9
  29. 2
  30. Loss
  31. cost price
  32. 62
  33. 49
  34. True
  35. 40
  36. 42
  37. False
  38. True
  39. cost price
  40. 29

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