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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 524 · 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 ₹46 to make one glass of chai. Rohan sells it for ₹50. What is the profit on one (in ₹)?
  2. 2.Nisha makes 20 fruit cups at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  5. 5.One cup of lemonade costs ₹31 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  8. 8.One cupcake costs ₹17 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.One potted plant costs Aarav ₹52 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.True or false: “money spent to get it” is the cost price. (a) False (b) True
  12. 12.One painted pebble costs ₹9 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.Nisha makes 20 painted pebbles at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  15. 15.It costs ₹56 to make one handmade card. On the last day Lakshmi sells it for only ₹46. How much is the loss on one (in ₹)?
  16. 16.Dev makes 10 fruit cups at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.One painted pebble costs Ananya ₹36 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.One paper bookmark costs Joseph ₹19 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.True or false: “what a customer pays” is the selling price. (a) False (b) True
  23. 23.One paper bookmark costs ₹42 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹12 to make one bag of popcorn. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  25. 25.True or false: “money got from a sale” is the selling price. (a) True (b) False
  26. 26.One painted pebble costs Kabir ₹47 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.It costs ₹29 to make one handmade card. On the last day Vihaan sells it for only ₹28. How much is the loss on one (in ₹)?
  29. 29.One painted pebble costs Diya ₹49 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One jute bag costs ₹18 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹40 to make one cup of lemonade. Vihaan sells it for ₹44. What is the profit on one (in ₹)?
  32. 32.It costs ₹58 to make one cup of lemonade. On the last day Ananya sells it for only ₹54. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.It costs ₹8 to make one handmade card. Aarav sells it for ₹17. What is the profit on one (in ₹)?
  35. 35.One potted plant costs Aarav ₹22 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Saanvi makes 26 painted pebbles at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  37. 37.One fruit cup costs ₹32 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.One bag of popcorn costs Ananya ₹31 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “money spent to get it” is the selling price. (a) False (b) True
  40. 40.One potted plant costs Aarav ₹17 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 4
  2. 20
  3. selling price
  4. what it cost you
  5. 39
  6. cost price
  7. SP less than CP
  8. 32
  9. selling price
  10. Loss
  11. True
  12. 27
  13. cost price
  14. 200
  15. 10
  16. 30
  17. Loss
  18. Profit
  19. True
  20. False
  21. cost price
  22. True
  23. 48
  24. 4
  25. True
  26. Loss
  27. selling price
  28. 1
  29. Loss
  30. 24
  31. 4
  32. 4
  33. selling price
  34. 9
  35. Loss
  36. 208
  37. 39
  38. Profit
  39. False
  40. Profit

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