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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 909 · 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.Farhan makes 13 fruit cups at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  2. 2.It costs ₹12 to make one potted plant. Nisha sells it for ₹15. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  4. 4.It costs ₹51 to make one cup of lemonade. Aarav sells it for ₹58. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹7 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  6. 6.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.One cupcake costs ₹18 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  9. 9.One fruit cup costs Riya ₹34 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹9 to make one paper bookmark. Aarav sells it for ₹26. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.One painted pebble costs ₹58 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “the price on your board” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.It costs ₹63 to make one paper bookmark. On the last day Riya sells it for only ₹54. How much is the loss on one (in ₹)?
  16. 16.Vihaan makes 17 painted pebbles at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  17. 17.It costs ₹58 to make one bag of popcorn. Meera sells it for ₹63. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.Ishaan makes 30 cupcakes at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  20. 20.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  21. 21.It costs ₹56 to make one paper bookmark. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹34 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹56 to make one cupcake. Vihaan sells it for ₹74. What is the profit on one (in ₹)?
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.It costs ₹8 to make one cup of lemonade. Joseph sells it for ₹12. What is the profit on one (in ₹)?
  26. 26.It costs ₹46 to make one handmade card. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  27. 27.True or false: “money spent to get it” is the selling price. (a) True (b) False
  28. 28.It costs ₹10 to make one paper bookmark. On the last day Nisha sells it for only ₹7. How much is the loss on one (in ₹)?
  29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.It costs ₹46 to make one potted plant. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  32. 32.One painted pebble costs ₹24 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  33. 33.Zoya makes 11 cups of lemonade at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  35. 35.It costs ₹11 to make one fruit cup. Meera sells it for ₹18. What is the profit on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.One handmade card costs Kavya ₹51 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹68 to make one clay diya. On the last day Dev sells it for only ₹58. How much is the loss on one (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) False (b) True

Answer key

  1. 65
  2. 3
  3. what it cost you
  4. 7
  5. 18
  6. SP more than CP
  7. False
  8. 20
  9. Loss
  10. 17
  11. selling price
  12. 61
  13. False
  14. cost price
  15. 9
  16. 68
  17. 5
  18. cost price
  19. 60
  20. SP less than CP
  21. 8
  22. 41
  23. 18
  24. True
  25. 4
  26. 2
  27. False
  28. 3
  29. False
  30. True
  31. 4
  32. 36
  33. 154
  34. what the buyer pays
  35. 7
  36. False
  37. selling price
  38. Profit
  39. 10
  40. True

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