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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 484 · 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.

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  1. 1.One cup of lemonade costs ₹38 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  3. 3.One paper bookmark costs ₹35 to make. Diya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “the price on your board” is the selling price. (a) False (b) True
  5. 5.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  6. 6.It costs ₹19 to make one handmade card. Lakshmi sells it for ₹31. What is the profit on one (in ₹)?
  7. 7.True or false: “money spent to get it” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.One paper bookmark costs Joseph ₹56 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.Rohan makes 5 painted pebbles at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  11. 11.One paper bookmark costs ₹57 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  12. 12.One cupcake costs ₹17 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.One fruit cup costs Riya ₹21 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One handmade card costs ₹56 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.Arjun makes 28 paper bookmarks at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  17. 17.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  18. 18.Ananya makes 6 fruit cups at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.Joseph makes 21 cups of lemonade at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  21. 21.One glass of chai costs ₹57 to make. Rohan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.It costs ₹27 to make one glass of chai. On the last day Tara sells it for only ₹24. How much is the loss on one (in ₹)?
  24. 24.It costs ₹20 to make one potted plant. Lakshmi sells it for ₹35. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.One glass of chai costs ₹22 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹13 to make one cup of lemonade. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  28. 28.It costs ₹26 to make one friendship band. On the last day Arjun sells it for only ₹24. How much is the loss on one (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.One glass of chai costs ₹38 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹15 to make one cupcake. On the last day Saanvi sells it for only ₹7. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.It costs ₹7 to make one handmade card. Gurpreet sells it for ₹8. What is the profit on one (in ₹)?
  37. 37.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  38. 38.It costs ₹59 to make one friendship band. On the last day Rohan sells it for only ₹51. How much is the loss on one (in ₹)?
  39. 39.One clay diya costs ₹12 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.Gurpreet makes 13 handmade cards at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?

Answer key

  1. 45
  2. what it cost you
  3. 42
  4. True
  5. SP more than CP
  6. 12
  7. False
  8. selling price
  9. Profit
  10. 60
  11. 67
  12. 29
  13. True
  14. Loss
  15. 61
  16. 112
  17. what the buyer pays
  18. 60
  19. selling price
  20. 315
  21. 67
  22. cost price
  23. 3
  24. 15
  25. selling price
  26. 23
  27. 3
  28. 2
  29. False
  30. 56
  31. 8
  32. cost price
  33. False
  34. False
  35. cost price
  36. 1
  37. SP less than CP
  38. 8
  39. 17
  40. 65

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