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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 526 · 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 26 bags of popcorn at a cost of ₹34 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  3. 3.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  4. 4.True or false: “the price on your board” is the cost price. (a) True (b) False
  5. 5.One friendship band costs Kabir ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  7. 7.True or false: “money got from a sale” is the cost price. (a) True (b) False
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  10. 10.One glass of chai costs ₹12 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.It costs ₹47 to make one potted plant. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  15. 15.Saanvi makes 12 handmade cards at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  16. 16.Riya makes 6 bags of popcorn at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  17. 17.It costs ₹7 to make one cup of lemonade. Riya sells it for ₹18. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  19. 19.It costs ₹21 to make one friendship band. Joseph sells it for ₹28. What is the profit on one (in ₹)?
  20. 20.Farhan makes 23 potted plants at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  23. 23.It costs ₹26 to make one clay diya. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  25. 25.One cupcake costs Arjun ₹20 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One clay diya costs ₹7 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.One cup of lemonade costs ₹59 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  28. 28.Tara makes 28 bags of popcorn at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  29. 29.It costs ₹26 to make one painted pebble. On the last day Lakshmi sells it for only ₹20. How much is the loss on one (in ₹)?
  30. 30.One painted pebble costs Rohan ₹60 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Nisha makes 29 potted plants at a cost of ₹33 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  32. 32.It costs ₹26 to make one cupcake. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  33. 33.One handmade card costs ₹31 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹5 to make one clay diya. Dev sells it for ₹18. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs Joseph ₹29 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One clay diya costs ₹55 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.One friendship band costs ₹7 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.One fruit cup costs ₹35 to make. Zoya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price

Answer key

  1. 364
  2. what it cost you
  3. what the buyer pays
  4. False
  5. Loss
  6. SP more than CP
  7. False
  8. True
  9. cost price
  10. 31
  11. False
  12. cost price
  13. selling price
  14. 6
  15. 24
  16. 12
  17. 11
  18. selling price
  19. 7
  20. 46
  21. cost price
  22. SP less than CP
  23. 3
  24. False
  25. Profit
  26. 13
  27. 64
  28. 392
  29. 6
  30. Profit
  31. 261
  32. 4
  33. 39
  34. 13
  35. Loss
  36. 58
  37. True
  38. 15
  39. 44
  40. selling price

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