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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 799 · 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 fruit cup costs ₹45 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  3. 3.True or false: “money spent to get it” is the selling price. (a) False (b) True
  4. 4.It costs ₹15 to make one bag of popcorn. Kabir sells it for ₹23. What is the profit on one (in ₹)?
  5. 5.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  6. 6.It costs ₹5 to make one handmade card. Zoya sells it for ₹23. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.One friendship band costs ₹55 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  10. 10.One cupcake costs Joseph ₹22 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.It costs ₹29 to make one potted plant. Dev sells it for ₹47. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  13. 13.One clay diya costs ₹6 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹31 to make one handmade card. Gurpreet sells it for ₹42. What is the profit on one (in ₹)?
  15. 15.It costs ₹41 to make one clay diya. Kavya sells it for ₹44. What is the profit on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the selling price. (a) True (b) False
  17. 17.It costs ₹42 to make one bag of popcorn. Kavya sells it for ₹54. What is the profit on one (in ₹)?
  18. 18.It costs ₹16 to make one friendship band. Riya sells it for ₹20. What is the profit on one (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.Aarav makes 22 handmade cards at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  23. 23.It costs ₹34 to make one handmade card. Tara sells it for ₹54. What is the profit on one (in ₹)?
  24. 24.It costs ₹23 to make one friendship band. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  25. 25.One bag of popcorn costs ₹59 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  28. 28.It costs ₹38 to make one glass of chai. On the last day Gurpreet sells it for only ₹31. How much is the loss on one (in ₹)?
  29. 29.Gurpreet makes 6 handmade cards at a cost of ₹40 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  30. 30.One glass of chai costs ₹36 to make. Ishaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.One bag of popcorn costs ₹16 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  32. 32.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  33. 33.True or false: “the price on your board” is the cost price. (a) False (b) True
  34. 34.One bag of popcorn costs Tara ₹59 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹39 to make one friendship band. Gurpreet sells it for ₹43. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹34 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹56 to make one cupcake. On the last day Zoya sells it for only ₹47. How much is the loss on one (in ₹)?
  38. 38.One jute bag costs ₹18 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹61 to make one clay diya. On the last day Zoya sells it for only ₹53. How much is the loss on one (in ₹)?
  40. 40.It costs ₹22 to make one potted plant. Saanvi sells it for ₹29. What is the profit on one (in ₹)?

Answer key

  1. 51
  2. SP more than CP
  3. False
  4. 8
  5. what the buyer pays
  6. 18
  7. selling price
  8. cost price
  9. 67
  10. Loss
  11. 18
  12. selling price
  13. 20
  14. 11
  15. 3
  16. True
  17. 12
  18. 4
  19. False
  20. 44
  21. True
  22. what it cost you
  23. 20
  24. 6
  25. 64
  26. cost price
  27. selling price
  28. 7
  29. 66
  30. 42
  31. 36
  32. SP less than CP
  33. False
  34. Loss
  35. 4
  36. 35
  37. 9
  38. 36
  39. 8
  40. 7

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