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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 671 · 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 ₹39 to make one painted pebble. Gurpreet sells it for ₹57. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹51 to make. Dev wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.It costs ₹57 to make one friendship band. Meera sells it for ₹59. What is the profit on one (in ₹)?
  6. 6.It costs ₹41 to make one cupcake. On the last day Saanvi sells it for only ₹34. How much is the loss on one (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  8. 8.True or false: “what a customer pays” is the selling price. (a) True (b) False
  9. 9.It costs ₹48 to make one cup of lemonade. Joseph sells it for ₹66. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.One paper bookmark costs ₹25 to make. Dev wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  13. 13.Lakshmi makes 7 fruit cups at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.One painted pebble costs Arjun ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.Arjun makes 10 cups of lemonade at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  17. 17.Ananya makes 27 fruit cups at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  18. 18.It costs ₹12 to make one cupcake. Kavya sells it for ₹21. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  21. 21.It costs ₹34 to make one paper bookmark. On the last day Diya sells it for only ₹27. How much is the loss on one (in ₹)?
  22. 22.It costs ₹13 to make one clay diya. Rohan sells it for ₹14. What is the profit on one (in ₹)?
  23. 23.Gurpreet makes 24 cups of lemonade at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  24. 24.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  25. 25.It costs ₹41 to make one cupcake. Lakshmi sells it for ₹60. What is the profit on one (in ₹)?
  26. 26.It costs ₹43 to make one painted pebble. Tara sells it for ₹49. What is the profit on one (in ₹)?
  27. 27.It costs ₹66 to make one cup of lemonade. On the last day Farhan sells it for only ₹58. How much is the loss on one (in ₹)?
  28. 28.Meera makes 24 friendship bands at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  29. 29.One friendship band costs ₹32 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹21 to make one glass of chai. Dev sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.True or false: “the price on your board” is the selling price. (a) True (b) False
  32. 32.It costs ₹32 to make one paper bookmark. On the last day Farhan sells it for only ₹26. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  34. 34.Joseph makes 19 glasses of chai at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.It costs ₹46 to make one paper bookmark. On the last day Rohan sells it for only ₹45. How much is the loss on one (in ₹)?
  36. 36.It costs ₹26 to make one cup of lemonade. On the last day Farhan sells it for only ₹24. How much is the loss on one (in ₹)?
  37. 37.One bag of popcorn costs ₹17 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the selling price. (a) False (b) True
  39. 39.One jute bag costs ₹59 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. 18
  2. 63
  3. cost price
  4. selling price
  5. 2
  6. 7
  7. False
  8. True
  9. 18
  10. selling price
  11. False
  12. 33
  13. 84
  14. cost price
  15. Loss
  16. 100
  17. 243
  18. 9
  19. selling price
  20. SP less than CP
  21. 7
  22. 1
  23. 336
  24. what the buyer pays
  25. 19
  26. 6
  27. 8
  28. 96
  29. 42
  30. 7
  31. True
  32. 6
  33. what it cost you
  34. 266
  35. 1
  36. 2
  37. 24
  38. False
  39. 70
  40. cost price

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