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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 853 · 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 ₹51 to make one cupcake. On the last day Tara sells it for only ₹41. How much is the loss on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  3. 3.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  4. 4.Rohan makes 27 paper bookmarks at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  5. 5.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  7. 7.It costs ₹34 to make one potted plant. Tara sells it for ₹50. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.It costs ₹50 to make one cupcake. On the last day Lakshmi sells it for only ₹48. How much is the loss on one (in ₹)?
  10. 10.It costs ₹38 to make one handmade card. On the last day Joseph sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.It costs ₹49 to make one friendship band. Zoya sells it for ₹65. What is the profit on one (in ₹)?
  12. 12.It costs ₹43 to make one handmade card. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
  13. 13.Tara makes 14 bags of popcorn at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  14. 14.One friendship band costs ₹19 to make. Dev wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.It costs ₹34 to make one glass of chai. Ananya sells it for ₹48. What is the profit on one (in ₹)?
  18. 18.It costs ₹19 to make one handmade card. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  19. 19.One cup of lemonade costs ₹30 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “what a customer pays” is the cost price. (a) True (b) False
  21. 21.One cup of lemonade costs Diya ₹49 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.One jute bag costs ₹5 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.True or false: “what you paid for it” is the cost price. (a) False (b) True
  26. 26.Nisha makes 8 paper bookmarks at a cost of ₹22 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.It costs ₹13 to make one bag of popcorn. Vihaan sells it for ₹19. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  31. 31.It costs ₹34 to make one fruit cup. Meera sells it for ₹53. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹37 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹35 to make one cup of lemonade. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  34. 34.One clay diya costs ₹45 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹27 to make one glass of chai. Farhan sells it for ₹45. What is the profit on one (in ₹)?
  36. 36.It costs ₹24 to make one potted plant. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  38. 38.True or false: “cost of making one” is the cost price. (a) False (b) True
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.It costs ₹21 to make one clay diya. Lakshmi sells it for ₹25. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. SP less than CP
  3. what the buyer pays
  4. 405
  5. SP more than CP
  6. what it cost you
  7. 16
  8. selling price
  9. 2
  10. 7
  11. 16
  12. 8
  13. 28
  14. 35
  15. cost price
  16. True
  17. 14
  18. 8
  19. 34
  20. False
  21. Profit
  22. cost price
  23. 9
  24. cost price
  25. True
  26. 80
  27. selling price
  28. 6
  29. selling price
  30. True
  31. 19
  32. 40
  33. 7
  34. 55
  35. 18
  36. 4
  37. False
  38. True
  39. False
  40. 4

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