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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 535 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.One potted plant costs ₹49 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹41 to make one glass of chai. Meera sells it for ₹54. What is the profit on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.It costs ₹58 to make one cupcake. On the last day Ishaan sells it for only ₹49. How much is the loss on one (in ₹)?
  8. 8.It costs ₹17 to make one cup of lemonade. On the last day Dev sells it for only ₹14. How much is the loss on one (in ₹)?
  9. 9.One jute bag costs ₹34 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  10. 10.One paper bookmark costs ₹43 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
  12. 12.Diya makes 15 clay diyas at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  13. 13.Zoya makes 29 glasses of chai at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  14. 14.Gurpreet makes 30 bags of popcorn at a cost of ₹18 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  15. 15.Kavya makes 27 cupcakes at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  16. 16.Farhan makes 10 friendship bands at a cost of ₹21 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  17. 17.It costs ₹12 to make one cupcake. Saanvi sells it for ₹24. What is the profit on one (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One paper bookmark costs ₹23 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹59 to make one bag of popcorn. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.Rohan makes 5 painted pebbles at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  23. 23.It costs ₹61 to make one cup of lemonade. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  25. 25.It costs ₹15 to make one potted plant. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  26. 26.Aarav makes 16 potted plants at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  27. 27.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  30. 30.It costs ₹56 to make one glass of chai. Nisha sells it for ₹69. What is the profit on one (in ₹)?
  31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
  32. 32.It costs ₹58 to make one glass of chai. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.One cup of lemonade costs ₹58 to make. Lakshmi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  36. 36.One cup of lemonade costs ₹21 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹7 to make one handmade card. On the last day Ishaan sells it for only ₹5. How much is the loss on one (in ₹)?
  38. 38.True or false: “money spent to get it” is the cost price. (a) False (b) True
  39. 39.It costs ₹63 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹60. How much is the loss on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. what the buyer pays
  2. selling price
  3. 65
  4. 13
  5. False
  6. cost price
  7. 9
  8. 3
  9. 46
  10. 49
  11. True
  12. 120
  13. 87
  14. 450
  15. 243
  16. 80
  17. 12
  18. False
  19. cost price
  20. 31
  21. 3
  22. 70
  23. 6
  24. what it cost you
  25. 8
  26. 176
  27. SP less than CP
  28. selling price
  29. cost price
  30. 13
  31. True
  32. 1
  33. selling price
  34. True
  35. 78
  36. 33
  37. 2
  38. True
  39. 3
  40. True

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