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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 818 · 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 clay diya costs ₹23 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹17 to make one glass of chai. Lakshmi sells it for ₹26. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹10 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs ₹40 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹60 to make one painted pebble. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  8. 8.Tara makes 8 handmade cards at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  9. 9.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  10. 10.It costs ₹40 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹38. How much is the loss on one (in ₹)?
  11. 11.Riya makes 17 glasses of chai at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  12. 12.It costs ₹9 to make one potted plant. Tara sells it for ₹17. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.It costs ₹26 to make one jute bag. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  15. 15.True or false: “the price on your board” is the selling price. (a) False (b) True
  16. 16.One friendship band costs Vihaan ₹17 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One bag of popcorn costs Diya ₹40 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.True or false: “what a customer pays” is the cost price. (a) True (b) False
  20. 20.One fruit cup costs ₹8 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹32 to make one friendship band. Farhan sells it for ₹50. What is the profit on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  24. 24.One potted plant costs Arjun ₹58 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹31 to make one bag of popcorn. Meera sells it for ₹50. What is the profit on one (in ₹)?
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.One paper bookmark costs ₹25 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.It costs ₹59 to make one potted plant. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  30. 30.It costs ₹20 to make one bag of popcorn. On the last day Tara sells it for only ₹12. How much is the loss on one (in ₹)?
  31. 31.True or false: “money spent to get it” is the cost price. (a) True (b) False
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  33. 33.True or false: “what a customer pays” is the selling price. (a) False (b) True
  34. 34.Meera makes 9 fruit cups at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.It costs ₹5 to make one glass of chai. Aarav sells it for ₹19. What is the profit on one (in ₹)?
  39. 39.It costs ₹8 to make one paper bookmark. Tara sells it for ₹22. What is the profit on one (in ₹)?
  40. 40.It costs ₹21 to make one friendship band. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?

Answer key

  1. 41
  2. 9
  3. 27
  4. cost price
  5. 56
  6. 8
  7. SP more than CP
  8. 112
  9. SP less than CP
  10. 2
  11. 170
  12. 8
  13. selling price
  14. 8
  15. True
  16. Loss
  17. Profit
  18. True
  19. False
  20. 17
  21. 18
  22. True
  23. what the buyer pays
  24. Loss
  25. 19
  26. False
  27. 40
  28. cost price
  29. 8
  30. 8
  31. True
  32. False
  33. True
  34. 45
  35. selling price
  36. cost price
  37. False
  38. 14
  39. 14
  40. 8

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