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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 476 · 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.Saanvi makes 5 potted plants at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  2. 2.One cup of lemonade costs Ananya ₹32 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹22 to make one glass of chai. Joseph sells it for ₹37. What is the profit on one (in ₹)?
  4. 4.It costs ₹37 to make one handmade card. On the last day Meera sells it for only ₹34. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  8. 8.One potted plant costs ₹28 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.It costs ₹43 to make one handmade card. On the last day Ananya sells it for only ₹33. How much is the loss on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.True or false: “what you paid for it” is the cost price. (a) False (b) True
  13. 13.It costs ₹9 to make one bag of popcorn. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  14. 14.It costs ₹7 to make one jute bag. Tara sells it for ₹26. What is the profit on one (in ₹)?
  15. 15.It costs ₹32 to make one potted plant. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  16. 16.It costs ₹21 to make one cup of lemonade. Nisha sells it for ₹35. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹15 to make. Tara wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  18. 18.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  21. 21.It costs ₹37 to make one glass of chai. Ishaan sells it for ₹53. What is the profit on one (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) False (b) True
  23. 23.It costs ₹32 to make one cupcake. Gurpreet sells it for ₹50. What is the profit on one (in ₹)?
  24. 24.It costs ₹16 to make one glass of chai. On the last day Vihaan sells it for only ₹10. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  26. 26.One glass of chai costs ₹9 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money got from a sale” is the cost price. (a) True (b) False
  28. 28.Kabir makes 6 potted plants at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  29. 29.Ananya makes 22 bags of popcorn at a cost of ₹23 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.True or false: “money got from a sale” is the selling price. (a) True (b) False
  32. 32.Diya makes 12 cups of lemonade at a cost of ₹7 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.One jute bag costs ₹34 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  35. 35.Zoya makes 7 potted plants at a cost of ₹29 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  36. 36.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  37. 37.One bag of popcorn costs Diya ₹50 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One jute bag costs ₹30 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.Nisha makes 20 paper bookmarks at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?

Answer key

  1. 35
  2. Profit
  3. 15
  4. 3
  5. selling price
  6. what it cost you
  7. True
  8. 46
  9. False
  10. 10
  11. True
  12. True
  13. 1
  14. 19
  15. 7
  16. 14
  17. 34
  18. SP less than CP
  19. cost price
  20. what the buyer pays
  21. 16
  22. False
  23. 18
  24. 6
  25. selling price
  26. 15
  27. False
  28. 72
  29. 286
  30. selling price
  31. True
  32. 180
  33. True
  34. 54
  35. 28
  36. SP more than CP
  37. Loss
  38. 36
  39. False
  40. 80

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