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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 751 · 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 ₹53 to make one cup of lemonade. Nisha sells it for ₹61. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹14 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.Kavya makes 8 friendship bands at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  10. 10.Aarav makes 30 cups of lemonade at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.One cupcake costs Meera ₹43 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹46 to make one handmade card. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  14. 14.One friendship band costs Lakshmi ₹50 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One potted plant costs ₹50 to make. Farhan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  17. 17.It costs ₹26 to make one painted pebble. On the last day Farhan sells it for only ₹23. How much is the loss on one (in ₹)?
  18. 18.It costs ₹31 to make one friendship band. Arjun sells it for ₹37. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.True or false: “the price on your board” is the cost price. (a) True (b) False
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.It costs ₹5 to make one clay diya. Nisha sells it for ₹7. What is the profit on one (in ₹)?
  23. 23.It costs ₹21 to make one paper bookmark. Lakshmi sells it for ₹31. What is the profit on one (in ₹)?
  24. 24.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  25. 25.One handmade card costs Dev ₹50 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “cost of making one” is the cost price. (a) False (b) True
  27. 27.It costs ₹41 to make one cupcake. On the last day Lakshmi sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.One glass of chai costs ₹47 to make. Rohan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹49 to make one handmade card. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  32. 32.Farhan makes 29 fruit cups at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  33. 33.One cup of lemonade costs ₹54 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹32 to make one jute bag. On the last day Diya sells it for only ₹27. How much is the loss on one (in ₹)?
  35. 35.It costs ₹23 to make one bag of popcorn. Dev sells it for ₹28. What is the profit on one (in ₹)?
  36. 36.Aarav makes 26 glasses of chai at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  37. 37.Meera makes 11 cupcakes at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.It costs ₹23 to make one handmade card. Saanvi sells it for ₹32. What is the profit on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.It costs ₹53 to make one clay diya. Riya sells it for ₹59. What is the profit on one (in ₹)?

Answer key

  1. 8
  2. 32
  3. selling price
  4. selling price
  5. cost price
  6. 32
  7. what it cost you
  8. selling price
  9. SP less than CP
  10. 450
  11. cost price
  12. Loss
  13. 4
  14. Profit
  15. 65
  16. SP more than CP
  17. 3
  18. 6
  19. cost price
  20. False
  21. False
  22. 2
  23. 10
  24. what the buyer pays
  25. Profit
  26. True
  27. 3
  28. 57
  29. 6
  30. True
  31. cost price
  32. 290
  33. 65
  34. 5
  35. 5
  36. 182
  37. 99
  38. 9
  39. False
  40. 6

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