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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 620 · 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 potted plant costs ₹47 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.It costs ₹44 to make one painted pebble. Saanvi sells it for ₹64. What is the profit on one (in ₹)?
  4. 4.It costs ₹58 to make one painted pebble. Kabir sells it for ₹60. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  7. 7.It costs ₹31 to make one glass of chai. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹31 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.One fruit cup costs ₹23 to make. Aarav wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹21 to make one fruit cup. Meera sells it for ₹22. What is the profit on one (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  14. 14.It costs ₹20 to make one jute bag. Ananya sells it for ₹22. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  17. 17.One jute bag costs ₹48 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.One paper bookmark costs ₹37 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “what a customer pays” is the cost price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  21. 21.It costs ₹60 to make one glass of chai. On the last day Joseph sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.Vihaan makes 27 fruit cups at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  24. 24.One cupcake costs ₹31 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.Ishaan makes 27 handmade cards at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  26. 26.Farhan makes 5 bags of popcorn at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  27. 27.Meera makes 28 handmade cards at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  28. 28.One paper bookmark costs Zoya ₹25 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.It costs ₹19 to make one glass of chai. Meera sells it for ₹24. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹42 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  32. 32.Lakshmi makes 29 cups of lemonade at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  33. 33.True or false: “what you paid for it” is the cost price. (a) False (b) True
  34. 34.Farhan makes 13 glasses of chai at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.It costs ₹55 to make one clay diya. On the last day Lakshmi sells it for only ₹46. How much is the loss on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.One glass of chai costs Ananya ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹26 to make one jute bag. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  40. 40.One cupcake costs Kavya ₹42 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 50
  2. selling price
  3. 20
  4. 2
  5. cost price
  6. SP less than CP
  7. 8
  8. 50
  9. selling price
  10. 43
  11. 1
  12. True
  13. False
  14. 2
  15. cost price
  16. SP more than CP
  17. 53
  18. 52
  19. False
  20. cost price
  21. 4
  22. 378
  23. selling price
  24. 37
  25. 378
  26. 70
  27. 140
  28. Loss
  29. True
  30. 5
  31. 54
  32. 290
  33. True
  34. 65
  35. False
  36. 9
  37. True
  38. Loss
  39. 1
  40. Loss

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