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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 546 · 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.One glass of chai costs ₹26 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹21 to make one handmade card. On the last day Joseph sells it for only ₹14. How much is the loss on one (in ₹)?
  3. 3.One paper bookmark costs ₹17 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.One cup of lemonade costs Saanvi ₹33 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹15 to make one cupcake. On the last day Lakshmi sells it for only ₹8. How much is the loss on one (in ₹)?
  6. 6.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  7. 7.One handmade card costs Ishaan ₹58 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.One fruit cup costs Gurpreet ₹30 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹30 to make one cupcake. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.True or false: “the price you sell at” is the cost price. (a) False (b) True
  15. 15.One painted pebble costs ₹58 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “what you paid for it” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.Gurpreet makes 20 paper bookmarks at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  22. 22.Zoya makes 30 handmade cards at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  23. 23.It costs ₹47 to make one bag of popcorn. Saanvi sells it for ₹63. What is the profit on one (in ₹)?
  24. 24.Tara makes 14 friendship bands at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  26. 26.It costs ₹46 to make one painted pebble. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  29. 29.One handmade card costs Kabir ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.Gurpreet makes 6 cups of lemonade at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  32. 32.Joseph makes 9 jute bags at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  33. 33.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  34. 34.It costs ₹56 to make one handmade card. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs Lakshmi ₹37 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “money spent to get it” is the selling price. (a) True (b) False
  37. 37.It costs ₹34 to make one glass of chai. On the last day Riya sells it for only ₹30. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.One painted pebble costs ₹34 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  40. 40.Aarav makes 18 cupcakes at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?

Answer key

  1. 39
  2. 7
  3. 33
  4. Profit
  5. 7
  6. what the buyer pays
  7. Loss
  8. what it cost you
  9. True
  10. True
  11. Loss
  12. 8
  13. False
  14. False
  15. 63
  16. False
  17. selling price
  18. SP more than CP
  19. True
  20. False
  21. 260
  22. 60
  23. 16
  24. 98
  25. False
  26. 8
  27. cost price
  28. selling price
  29. Loss
  30. True
  31. 12
  32. 81
  33. SP less than CP
  34. 2
  35. Profit
  36. False
  37. 4
  38. selling price
  39. 50
  40. 54

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