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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 463 · 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 cupcake costs ₹38 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  2. 2.One glass of chai costs ₹27 to make. Lakshmi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹40 to make one clay diya. Saanvi sells it for ₹45. What is the profit on one (in ₹)?
  4. 4.It costs ₹59 to make one paper bookmark. Joseph sells it for ₹67. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.Riya makes 27 handmade cards at a cost of ₹26 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  10. 10.True or false: “cost of making one” is the selling price. (a) False (b) True
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  12. 12.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  13. 13.One painted pebble costs ₹50 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  14. 14.Dev makes 18 friendship bands at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  15. 15.One cupcake costs ₹22 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.It costs ₹43 to make one painted pebble. On the last day Kabir sells it for only ₹40. How much is the loss on one (in ₹)?
  18. 18.It costs ₹11 to make one jute bag. Aarav sells it for ₹15. What is the profit on one (in ₹)?
  19. 19.Gurpreet makes 10 handmade cards at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  20. 20.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  21. 21.One cup of lemonade costs ₹45 to make. Riya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.One paper bookmark costs ₹49 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹63 to make one cupcake. On the last day Farhan sells it for only ₹56. How much is the loss on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.It costs ₹57 to make one glass of chai. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  27. 27.One cup of lemonade costs ₹20 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.One cup of lemonade costs ₹33 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹25 to make one friendship band. On the last day Ishaan sells it for only ₹19. How much is the loss on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.It costs ₹17 to make one clay diya. Gurpreet sells it for ₹28. What is the profit on one (in ₹)?
  34. 34.True or false: “cost of making one” is the cost price. (a) True (b) False
  35. 35.It costs ₹45 to make one handmade card. Meera sells it for ₹58. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹43 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  38. 38.One paper bookmark costs ₹38 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹7 to make one handmade card. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) True (b) False

Answer key

  1. 50
  2. 47
  3. 5
  4. 8
  5. selling price
  6. selling price
  7. cost price
  8. cost price
  9. 27
  10. False
  11. SP more than CP
  12. what it cost you
  13. 53
  14. 72
  15. 25
  16. True
  17. 3
  18. 4
  19. 120
  20. SP less than CP
  21. 52
  22. cost price
  23. 67
  24. 7
  25. True
  26. 7
  27. 35
  28. cost price
  29. False
  30. 46
  31. 6
  32. False
  33. 11
  34. True
  35. 13
  36. 57
  37. what the buyer pays
  38. 58
  39. 1
  40. True

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