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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 692 · 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.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  2. 2.It costs ₹11 to make one cup of lemonade. Aarav sells it for ₹29. What is the profit on one (in ₹)?
  3. 3.It costs ₹31 to make one cupcake. On the last day Gurpreet sells it for only ₹22. How much is the loss on one (in ₹)?
  4. 4.Ishaan makes 13 friendship bands at a cost of ₹9 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  5. 5.True or false: “money spent to get it” is the cost price. (a) False (b) True
  6. 6.True or false: “what a customer pays” is the cost price. (a) True (b) False
  7. 7.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  10. 10.Lakshmi makes 15 cupcakes at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  11. 11.Aarav makes 6 friendship bands at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  12. 12.One fruit cup costs Ishaan ₹43 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹22 to make one clay diya. On the last day Zoya sells it for only ₹14. How much is the loss on one (in ₹)?
  14. 14.One clay diya costs ₹52 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹15 to make one potted plant. On the last day Aarav sells it for only ₹8. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.One glass of chai costs ₹31 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  20. 20.It costs ₹52 to make one glass of chai. On the last day Joseph sells it for only ₹49. How much is the loss on one (in ₹)?
  21. 21.It costs ₹20 to make one clay diya. On the last day Farhan sells it for only ₹17. How much is the loss on one (in ₹)?
  22. 22.One jute bag costs ₹8 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  23. 23.Kavya makes 17 paper bookmarks at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.One jute bag costs Kavya ₹31 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹27 to make one jute bag. Tara sells it for ₹28. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹48 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹54 to make one handmade card. On the last day Lakshmi sells it for only ₹53. How much is the loss on one (in ₹)?
  29. 29.It costs ₹33 to make one jute bag. On the last day Diya sells it for only ₹27. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs ₹41 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “money spent to get it” is the selling price. (a) False (b) True
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.Kabir makes 28 cups of lemonade at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  34. 34.Joseph makes 17 cupcakes at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  35. 35.One cupcake costs Kavya ₹42 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.Meera makes 28 handmade cards at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.One glass of chai costs ₹53 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. 18
  3. 9
  4. 52
  5. True
  6. False
  7. SP less than CP
  8. cost price
  9. what the buyer pays
  10. 150
  11. 30
  12. Profit
  13. 8
  14. 60
  15. 7
  16. what it cost you
  17. False
  18. 49
  19. SP more than CP
  20. 3
  21. 3
  22. 25
  23. 170
  24. True
  25. Profit
  26. 1
  27. 49
  28. 1
  29. 6
  30. 45
  31. False
  32. True
  33. 112
  34. 17
  35. Profit
  36. False
  37. 28
  38. cost price
  39. False
  40. 56

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