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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 391 · 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.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  2. 2.It costs ₹27 to make one bag of popcorn. Nisha sells it for ₹42. What is the profit on one (in ₹)?
  3. 3.It costs ₹48 to make one glass of chai. On the last day Aarav sells it for only ₹41. How much is the loss on one (in ₹)?
  4. 4.It costs ₹51 to make one potted plant. Aarav sells it for ₹52. What is the profit on one (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.True or false: “money got from a sale” is the cost price. (a) False (b) True
  7. 7.One friendship band costs ₹41 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  8. 8.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  9. 9.It costs ₹29 to make one handmade card. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “the price you sell at” is the selling price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.It costs ₹29 to make one cupcake. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  17. 17.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  18. 18.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  19. 19.Farhan makes 23 potted plants at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  20. 20.One glass of chai costs ₹17 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹45 to make one painted pebble. On the last day Ishaan sells it for only ₹42. How much is the loss on one (in ₹)?
  22. 22.It costs ₹24 to make one fruit cup. Riya sells it for ₹29. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.Lakshmi makes 24 cupcakes at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  26. 26.Farhan makes 24 cupcakes at a cost of ₹29 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  27. 27.It costs ₹61 to make one potted plant. On the last day Aarav sells it for only ₹55. How much is the loss on one (in ₹)?
  28. 28.One potted plant costs Tara ₹50 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One bag of popcorn costs ₹30 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.One glass of chai costs Kabir ₹34 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One cup of lemonade costs ₹41 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹11 to make one jute bag. Diya sells it for ₹18. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹35 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹28 to make one handmade card. On the last day Dev sells it for only ₹22. How much is the loss on one (in ₹)?
  35. 35.One glass of chai costs ₹21 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.One bag of popcorn costs ₹14 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹11 to make one jute bag. Kavya sells it for ₹14. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹30 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what a customer pays” is the cost price. (a) True (b) False
  40. 40.Riya makes 28 handmade cards at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. 15
  3. 7
  4. 1
  5. False
  6. False
  7. 60
  8. what the buyer pays
  9. 8
  10. cost price
  11. False
  12. what it cost you
  13. selling price
  14. True
  15. cost price
  16. 9
  17. SP more than CP
  18. SP less than CP
  19. 92
  20. 20
  21. 3
  22. 5
  23. cost price
  24. cost price
  25. 288
  26. 24
  27. 6
  28. Profit
  29. 48
  30. Profit
  31. 51
  32. 7
  33. 49
  34. 6
  35. 29
  36. 16
  37. 3
  38. 39
  39. False
  40. 364

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