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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 860 · 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.True or false: “what you paid for it” is the selling price. (a) False (b) True
  2. 2.Zoya makes 13 cupcakes at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.One cup of lemonade costs ₹8 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  6. 6.Saanvi makes 30 paper bookmarks at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  7. 7.One bag of popcorn costs ₹26 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹26 to make one glass of chai. On the last day Aarav sells it for only ₹19. How much is the loss on one (in ₹)?
  9. 9.It costs ₹47 to make one glass of chai. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  10. 10.One clay diya costs ₹47 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹13 to make one glass of chai. Dev sells it for ₹19. What is the profit on one (in ₹)?
  12. 12.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  13. 13.True or false: “money spent to get it” is the selling price. (a) True (b) False
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.It costs ₹58 to make one potted plant. Saanvi sells it for ₹75. What is the profit on one (in ₹)?
  16. 16.It costs ₹11 to make one cupcake. Aarav sells it for ₹27. What is the profit on one (in ₹)?
  17. 17.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  18. 18.It costs ₹60 to make one painted pebble. Joseph sells it for ₹65. What is the profit on one (in ₹)?
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  21. 21.One bag of popcorn costs Ishaan ₹21 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹20 to make one handmade card. Joseph sells it for ₹23. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs Meera ₹52 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹5 to make one jute bag. Dev sells it for ₹7. What is the profit on one (in ₹)?
  25. 25.It costs ₹23 to make one glass of chai. Lakshmi sells it for ₹37. What is the profit on one (in ₹)?
  26. 26.One potted plant costs Kabir ₹28 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One jute bag costs ₹38 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.Diya makes 17 cups of lemonade at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  29. 29.Diya makes 17 jute bags at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  30. 30.True or false: “money got from a sale” is the cost price. (a) False (b) True
  31. 31.One cup of lemonade costs Diya ₹41 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.One handmade card costs ₹33 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.Meera makes 20 glasses of chai at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  35. 35.Diya makes 25 paper bookmarks at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  36. 36.It costs ₹12 to make one glass of chai. On the last day Joseph sells it for only ₹11. How much is the loss on one (in ₹)?
  37. 37.One painted pebble costs ₹23 to make. Tara wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹46 to make one cupcake. Kavya sells it for ₹52. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs Joseph ₹22 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price

Answer key

  1. False
  2. 65
  3. cost price
  4. 23
  5. what it cost you
  6. 300
  7. 35
  8. 7
  9. 1
  10. 48
  11. 6
  12. SP less than CP
  13. False
  14. True
  15. 17
  16. 16
  17. what the buyer pays
  18. 5
  19. SP more than CP
  20. cost price
  21. Loss
  22. 3
  23. Loss
  24. 2
  25. 14
  26. Profit
  27. 47
  28. 34
  29. 187
  30. False
  31. Loss
  32. selling price
  33. 45
  34. 280
  35. 200
  36. 1
  37. 38
  38. 6
  39. Loss
  40. selling price

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