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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 563 · 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 bag of popcorn. Gurpreet sells it for ₹48. What is the profit on one (in ₹)?
  2. 2.It costs ₹27 to make one clay diya. Tara sells it for ₹44. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.One cup of lemonade costs ₹41 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹38 to make one painted pebble. On the last day Lakshmi sells it for only ₹37. How much is the loss on one (in ₹)?
  8. 8.Diya makes 25 cups of lemonade at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  9. 9.Nisha makes 28 glasses of chai at a cost of ₹19 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.It costs ₹49 to make one jute bag. Dev sells it for ₹68. What is the profit on one (in ₹)?
  13. 13.It costs ₹57 to make one cup of lemonade. Rohan sells it for ₹67. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.Rohan makes 11 jute bags at a cost of ₹13 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  16. 16.True or false: “cost of making one” is the cost price. (a) False (b) True
  17. 17.It costs ₹17 to make one friendship band. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  18. 18.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  19. 19.One painted pebble costs ₹38 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.One handmade card costs ₹14 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹58 to make one handmade card. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  24. 24.It costs ₹60 to make one cup of lemonade. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?
  25. 25.It costs ₹15 to make one glass of chai. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  26. 26.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  27. 27.It costs ₹12 to make one glass of chai. Kavya sells it for ₹13. What is the profit on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the selling price. (a) True (b) False
  29. 29.Nisha makes 6 potted plants at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  30. 30.Zoya makes 5 glasses of chai at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  31. 31.It costs ₹58 to make one paper bookmark. Dev sells it for ₹71. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs Saanvi ₹43 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One paper bookmark costs Gurpreet ₹32 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹7 to make one painted pebble. Ishaan sells it for ₹17. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  36. 36.One handmade card costs ₹9 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  38. 38.Gurpreet makes 7 cupcakes at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.It costs ₹29 to make one cupcake. Nisha sells it for ₹37. What is the profit on one (in ₹)?

Answer key

  1. 20
  2. 17
  3. selling price
  4. selling price
  5. False
  6. 46
  7. 1
  8. 250
  9. 224
  10. what the buyer pays
  11. cost price
  12. 19
  13. 10
  14. False
  15. 66
  16. True
  17. 9
  18. SP more than CP
  19. 45
  20. selling price
  21. 30
  22. 6
  23. cost price
  24. 6
  25. 3
  26. SP less than CP
  27. 1
  28. True
  29. 36
  30. 60
  31. 13
  32. Profit
  33. Loss
  34. 10
  35. selling price
  36. 11
  37. cost price
  38. 63
  39. False
  40. 8

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