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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 398 · 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.It costs ₹12 to make one handmade card. Meera sells it for ₹16. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  4. 4.True or false: “the price on your board” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  7. 7.It costs ₹16 to make one glass of chai. Tara sells it for ₹35. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.One potted plant costs ₹35 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.One cupcake costs ₹17 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  13. 13.True or false: “what you paid for it” is the selling price. (a) False (b) True
  14. 14.One glass of chai costs Ishaan ₹25 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹5 to make one friendship band. Gurpreet sells it for ₹9. What is the profit on one (in ₹)?
  16. 16.Kavya makes 12 cups of lemonade at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.Gurpreet makes 14 potted plants at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.One jute bag costs Ananya ₹34 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “cost of making one” is the cost price. (a) True (b) False
  21. 21.True or false: “what you paid for it” is the cost price. (a) True (b) False
  22. 22.Arjun makes 7 potted plants at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  23. 23.One friendship band costs Joseph ₹34 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹50 to make one cupcake. On the last day Arjun sells it for only ₹42. How much is the loss on one (in ₹)?
  25. 25.One handmade card costs ₹7 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.One glass of chai costs ₹17 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹58 to make one painted pebble. On the last day Kabir sells it for only ₹55. How much is the loss on one (in ₹)?
  30. 30.Rohan makes 7 handmade cards at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  31. 31.One handmade card costs ₹38 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) True (b) False
  33. 33.One handmade card costs ₹57 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  34. 34.One fruit cup costs ₹55 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  36. 36.It costs ₹19 to make one cup of lemonade. Tara sells it for ₹20. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹54 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.Aarav makes 21 bags of popcorn at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  39. 39.Rohan makes 9 glasses of chai at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  40. 40.It costs ₹13 to make one friendship band. On the last day Aarav sells it for only ₹10. How much is the loss on one (in ₹)?

Answer key

  1. 4
  2. SP more than CP
  3. True
  4. False
  5. selling price
  6. what the buyer pays
  7. 19
  8. what it cost you
  9. cost price
  10. 36
  11. 21
  12. SP less than CP
  13. False
  14. Loss
  15. 4
  16. 12
  17. cost price
  18. 140
  19. Loss
  20. True
  21. True
  22. 21
  23. Loss
  24. 8
  25. 12
  26. selling price
  27. cost price
  28. 32
  29. 3
  30. 35
  31. 45
  32. False
  33. 58
  34. 59
  35. selling price
  36. 1
  37. 61
  38. 21
  39. 54
  40. 3

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