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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 854 · 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 ₹55 to make one cupcake. Arjun sells it for ₹72. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹45 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  3. 3.Gurpreet makes 15 friendship bands at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  4. 4.It costs ₹23 to make one handmade card. Dev sells it for ₹24. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹60 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  7. 7.Zoya makes 14 friendship bands at a cost of ₹16 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  9. 9.Ananya makes 8 paper bookmarks at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.One paper bookmark costs Diya ₹49 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.One paper bookmark costs Gurpreet ₹35 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.It costs ₹48 to make one clay diya. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  15. 15.It costs ₹27 to make one glass of chai. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  16. 16.True or false: “the price you sell at” is the cost price. (a) False (b) True
  17. 17.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  18. 18.It costs ₹8 to make one glass of chai. Kabir sells it for ₹9. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹36 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹41 to make one paper bookmark. Vihaan sells it for ₹44. What is the profit on one (in ₹)?
  21. 21.It costs ₹27 to make one cup of lemonade. On the last day Arjun sells it for only ₹23. How much is the loss on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.It costs ₹30 to make one cup of lemonade. Riya sells it for ₹48. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  26. 26.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.It costs ₹25 to make one glass of chai. Joseph sells it for ₹32. What is the profit on one (in ₹)?
  30. 30.One clay diya costs Meera ₹34 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “the price you sell at” is the selling price. (a) True (b) False
  32. 32.It costs ₹47 to make one handmade card. Diya sells it for ₹61. What is the profit on one (in ₹)?
  33. 33.True or false: “the price on your board” is the cost price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  35. 35.True or false: “the price on your board” is the selling price. (a) False (b) True
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.Dev makes 26 cupcakes at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  38. 38.It costs ₹50 to make one jute bag. Rohan sells it for ₹52. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹18 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  40. 40.One potted plant costs Tara ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 17
  2. 65
  3. 15
  4. 1
  5. 64
  6. selling price
  7. 126
  8. SP more than CP
  9. 16
  10. cost price
  11. Profit
  12. Profit
  13. True
  14. 7
  15. 10
  16. False
  17. what the buyer pays
  18. 1
  19. 46
  20. 3
  21. 4
  22. False
  23. 18
  24. cost price
  25. SP less than CP
  26. what it cost you
  27. selling price
  28. False
  29. 7
  30. Loss
  31. True
  32. 14
  33. False
  34. cost price
  35. True
  36. False
  37. 286
  38. 2
  39. 36
  40. Profit

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