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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 587 · 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 bag of popcorn costs ₹10 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹40 to make one clay diya. On the last day Riya sells it for only ₹37. How much is the loss on one (in ₹)?
  3. 3.Meera makes 16 handmade cards at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  4. 4.It costs ₹52 to make one fruit cup. Dev sells it for ₹72. What is the profit on one (in ₹)?
  5. 5.One handmade card costs Kavya ₹59 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.True or false: “what a customer pays” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.It costs ₹30 to make one bag of popcorn. Riya sells it for ₹39. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  12. 12.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.One bag of popcorn costs Ishaan ₹27 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “money got from a sale” is the cost price. (a) False (b) True
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.It costs ₹50 to make one friendship band. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  19. 19.True or false: “the price you sell at” is the selling price. (a) True (b) False
  20. 20.One cup of lemonade costs ₹44 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  22. 22.It costs ₹11 to make one handmade card. On the last day Rohan sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  24. 24.One cupcake costs ₹50 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  25. 25.Kavya makes 20 friendship bands at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  26. 26.It costs ₹38 to make one cupcake. On the last day Meera sells it for only ₹35. How much is the loss on one (in ₹)?
  27. 27.It costs ₹54 to make one bag of popcorn. On the last day Dev sells it for only ₹49. How much is the loss on one (in ₹)?
  28. 28.True or false: “what you paid for it” is the selling price. (a) False (b) True
  29. 29.It costs ₹48 to make one glass of chai. Aarav sells it for ₹61. What is the profit on one (in ₹)?
  30. 30.It costs ₹50 to make one glass of chai. Kabir sells it for ₹54. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹31 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  32. 32.One painted pebble costs Meera ₹28 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “the price on your board” is the cost price. (a) False (b) True
  34. 34.It costs ₹57 to make one clay diya. Gurpreet sells it for ₹65. What is the profit on one (in ₹)?
  35. 35.It costs ₹30 to make one friendship band. Tara sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹44 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  37. 37.One handmade card costs ₹5 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.Aarav makes 22 cupcakes at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price on your board” is the selling price. (a) False (b) True

Answer key

  1. 19
  2. 3
  3. 64
  4. 20
  5. Profit
  6. cost price
  7. selling price
  8. False
  9. cost price
  10. 9
  11. what it cost you
  12. what the buyer pays
  13. selling price
  14. Loss
  15. False
  16. True
  17. cost price
  18. 9
  19. True
  20. 58
  21. SP less than CP
  22. 2
  23. cost price
  24. 67
  25. 80
  26. 3
  27. 5
  28. False
  29. 13
  30. 4
  31. 39
  32. Loss
  33. False
  34. 8
  35. 1
  36. 64
  37. 21
  38. True
  39. 330
  40. True

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