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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 66 · 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.Nisha makes 13 cups of lemonade at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.Aarav makes 7 clay diyas at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  4. 4.True or false: “the price you sell at” is the cost price. (a) False (b) True
  5. 5.It costs ₹32 to make one handmade card. Meera sells it for ₹40. What is the profit on one (in ₹)?
  6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.True or false: “the price on your board” is the cost price. (a) False (b) True
  9. 9.It costs ₹28 to make one cupcake. Ishaan sells it for ₹44. What is the profit on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.One bag of popcorn costs ₹10 to make. Joseph wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  14. 14.It costs ₹58 to make one glass of chai. On the last day Zoya sells it for only ₹55. How much is the loss on one (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) True (b) False
  16. 16.It costs ₹56 to make one cupcake. Dev sells it for ₹60. What is the profit on one (in ₹)?
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  18. 18.It costs ₹12 to make one fruit cup. Nisha sells it for ₹15. What is the profit on one (in ₹)?
  19. 19.Ishaan makes 11 bags of popcorn at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  20. 20.Joseph makes 25 paper bookmarks at a cost of ₹28 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  22. 22.It costs ₹43 to make one fruit cup. Zoya sells it for ₹50. What is the profit on one (in ₹)?
  23. 23.It costs ₹25 to make one bag of popcorn. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  24. 24.It costs ₹17 to make one cupcake. Riya sells it for ₹20. What is the profit on one (in ₹)?
  25. 25.True or false: “what a customer pays” is the selling price. (a) True (b) False
  26. 26.One potted plant costs ₹39 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  28. 28.One cup of lemonade costs Zoya ₹40 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
  30. 30.True or false: “the price you sell at” is the selling price. (a) False (b) True
  31. 31.One cup of lemonade costs ₹40 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  32. 32.One handmade card costs ₹14 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.One clay diya costs Ananya ₹50 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Tara makes 17 cupcakes at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  37. 37.It costs ₹17 to make one paper bookmark. On the last day Zoya sells it for only ₹14. How much is the loss on one (in ₹)?
  38. 38.One bag of popcorn costs ₹25 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  39. 39.One paper bookmark costs Nisha ₹20 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹55 to make one cup of lemonade. On the last day Saanvi sells it for only ₹53. How much is the loss on one (in ₹)?

Answer key

  1. 39
  2. cost price
  3. 42
  4. False
  5. 8
  6. False
  7. cost price
  8. False
  9. 16
  10. True
  11. cost price
  12. 20
  13. what the buyer pays
  14. 3
  15. True
  16. 4
  17. SP less than CP
  18. 3
  19. 132
  20. 150
  21. selling price
  22. 7
  23. 5
  24. 3
  25. True
  26. 45
  27. selling price
  28. Loss
  29. False
  30. True
  31. 59
  32. 18
  33. SP more than CP
  34. False
  35. Profit
  36. 204
  37. 3
  38. 40
  39. Loss
  40. 2

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