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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 495 · 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 ₹28 to make one fruit cup. On the last day Nisha sells it for only ₹22. How much is the loss on one (in ₹)?
  2. 2.It costs ₹14 to make one cupcake. Ishaan sells it for ₹29. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹53 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹31 to make one clay diya. On the last day Tara sells it for only ₹30. How much is the loss on one (in ₹)?
  5. 5.It costs ₹10 to make one cupcake. Kavya sells it for ₹26. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹24 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.True or false: “money spent to get it” is the cost price. (a) False (b) True
  9. 9.It costs ₹26 to make one bag of popcorn. Diya sells it for ₹31. What is the profit on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the selling price. (a) True (b) False
  11. 11.Meera makes 6 glasses of chai at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  13. 13.One glass of chai costs Vihaan ₹57 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹30 to make one clay diya. Aarav sells it for ₹43. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs Ananya ₹35 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  17. 17.One glass of chai costs Saanvi ₹30 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One paper bookmark costs Aarav ₹44 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹59 to make one glass of chai. Kavya sells it for ₹64. What is the profit on one (in ₹)?
  22. 22.It costs ₹24 to make one cup of lemonade. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  23. 23.It costs ₹28 to make one cup of lemonade. Rohan sells it for ₹41. What is the profit on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  25. 25.It costs ₹19 to make one glass of chai. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹34 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹21 to make one cup of lemonade. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  28. 28.True or false: “the price on your board” is the selling price. (a) True (b) False
  29. 29.It costs ₹27 to make one glass of chai. Meera sells it for ₹31. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹53 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹6 to make one painted pebble. Meera sells it for ₹8. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹46 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  33. 33.Ananya makes 13 painted pebbles at a cost of ₹38 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  35. 35.One cupcake costs ₹58 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.One cup of lemonade costs ₹33 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
  38. 38.Arjun makes 18 cupcakes at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.One clay diya costs ₹54 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?

Answer key

  1. 6
  2. 15
  3. 64
  4. 1
  5. 16
  6. 35
  7. cost price
  8. True
  9. 5
  10. False
  11. 30
  12. what it cost you
  13. Loss
  14. 13
  15. Profit
  16. SP less than CP
  17. Loss
  18. selling price
  19. cost price
  20. Profit
  21. 5
  22. 13
  23. 13
  24. True
  25. 11
  26. 35
  27. 12
  28. True
  29. 4
  30. 73
  31. 2
  32. 61
  33. 169
  34. what the buyer pays
  35. 68
  36. 49
  37. False
  38. 180
  39. cost price
  40. 60

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