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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 564 · 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 ₹55 to make one cupcake. Nisha sells it for ₹61. What is the profit on one (in ₹)?
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  5. 5.One cup of lemonade costs Ananya ₹32 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹54 to make one cup of lemonade. On the last day Diya sells it for only ₹45. How much is the loss on one (in ₹)?
  7. 7.One handmade card costs ₹35 to make. Saanvi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.One handmade card costs ₹23 to make. Riya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  12. 12.True or false: “the price on your board” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.True or false: “what a customer pays” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  16. 16.One handmade card costs ₹20 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.It costs ₹58 to make one cup of lemonade. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.True or false: “cost of making one” is the cost price. (a) True (b) False
  21. 21.It costs ₹58 to make one bag of popcorn. Aarav sells it for ₹74. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.It costs ₹8 to make one potted plant. Zoya sells it for ₹19. What is the profit on one (in ₹)?
  24. 24.It costs ₹43 to make one fruit cup. On the last day Diya sells it for only ₹41. How much is the loss on one (in ₹)?
  25. 25.Nisha makes 27 paper bookmarks at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  26. 26.It costs ₹68 to make one glass of chai. On the last day Zoya sells it for only ₹58. How much is the loss on one (in ₹)?
  27. 27.True or false: “money spent to get it” is the cost price. (a) True (b) False
  28. 28.One paper bookmark costs ₹18 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.One friendship band costs Dev ₹46 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One cupcake costs Diya ₹25 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹47 to make one friendship band. On the last day Saanvi sells it for only ₹44. How much is the loss on one (in ₹)?
  32. 32.It costs ₹14 to make one jute bag. Aarav sells it for ₹26. What is the profit on one (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  34. 34.Rohan makes 25 clay diyas at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  35. 35.It costs ₹48 to make one cupcake. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  36. 36.Arjun makes 13 paper bookmarks at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  37. 37.It costs ₹31 to make one glass of chai. On the last day Diya sells it for only ₹23. How much is the loss on one (in ₹)?
  38. 38.One fruit cup costs ₹54 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  40. 40.It costs ₹8 to make one glass of chai. Riya sells it for ₹13. What is the profit on one (in ₹)?

Answer key

  1. 6
  2. False
  3. selling price
  4. SP more than CP
  5. Profit
  6. 9
  7. 53
  8. selling price
  9. 28
  10. cost price
  11. what the buyer pays
  12. False
  13. selling price
  14. True
  15. what it cost you
  16. 23
  17. cost price
  18. 4
  19. selling price
  20. True
  21. 16
  22. cost price
  23. 11
  24. 2
  25. 297
  26. 10
  27. True
  28. 19
  29. Loss
  30. Profit
  31. 3
  32. 12
  33. True
  34. 150
  35. 8
  36. 195
  37. 8
  38. 64
  39. SP less than CP
  40. 5

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