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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 61 · 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.Aarav makes 23 cupcakes at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.One paper bookmark costs ₹26 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹54 to make one handmade card. On the last day Tara sells it for only ₹49. How much is the loss on one (in ₹)?
  7. 7.Rohan makes 6 cupcakes at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  8. 8.It costs ₹60 to make one cupcake. Vihaan sells it for ₹69. What is the profit on one (in ₹)?
  9. 9.It costs ₹44 to make one cupcake. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹11 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “what you paid for it” is the cost price. (a) True (b) False
  12. 12.True or false: “what you paid for it” is the selling price. (a) True (b) False
  13. 13.It costs ₹6 to make one fruit cup. Aarav sells it for ₹12. What is the profit on one (in ₹)?
  14. 14.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.It costs ₹59 to make one clay diya. Tara sells it for ₹73. What is the profit on one (in ₹)?
  20. 20.Rohan makes 5 handmade cards at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  21. 21.One friendship band costs ₹12 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹16 to make one cup of lemonade. On the last day Zoya sells it for only ₹6. How much is the loss on one (in ₹)?
  23. 23.Gurpreet makes 11 fruit cups at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.One cup of lemonade costs ₹18 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  28. 28.One glass of chai costs ₹38 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹8 to make one fruit cup. Lakshmi sells it for ₹11. What is the profit on one (in ₹)?
  30. 30.Rohan makes 5 cupcakes at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  31. 31.It costs ₹30 to make one paper bookmark. Arjun sells it for ₹50. What is the profit on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.One friendship band costs ₹32 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹13 to make one glass of chai. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs Ishaan ₹38 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One painted pebble costs ₹53 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.One clay diya costs Rohan ₹24 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹10 to make one clay diya. On the last day Arjun sells it for only ₹9. How much is the loss on one (in ₹)?
  39. 39.It costs ₹56 to make one clay diya. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs ₹10 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. 92
  2. selling price
  3. False
  4. selling price
  5. 28
  6. 5
  7. 90
  8. 9
  9. 8
  10. 28
  11. True
  12. False
  13. 6
  14. what the buyer pays
  15. selling price
  16. False
  17. what it cost you
  18. False
  19. 14
  20. 5
  21. 32
  22. 10
  23. 66
  24. selling price
  25. SP less than CP
  26. False
  27. 24
  28. 47
  29. 3
  30. 65
  31. 20
  32. False
  33. 52
  34. 6
  35. Profit
  36. 55
  37. Profit
  38. 1
  39. 4
  40. 17

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