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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 917 · 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 ₹17 to make one cup of lemonade. Saanvi sells it for ₹23. What is the profit on one (in ₹)?
  2. 2.It costs ₹14 to make one paper bookmark. On the last day Vihaan sells it for only ₹5. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.It costs ₹54 to make one friendship band. Joseph sells it for ₹62. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.It costs ₹34 to make one fruit cup. On the last day Tara sells it for only ₹29. How much is the loss on one (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  8. 8.Dev makes 17 cups of lemonade at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  9. 9.It costs ₹51 to make one cupcake. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  10. 10.True or false: “what a customer pays” is the selling price. (a) False (b) True
  11. 11.True or false: “the price you sell at” is the selling price. (a) True (b) False
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.It costs ₹19 to make one potted plant. Riya sells it for ₹24. What is the profit on one (in ₹)?
  14. 14.It costs ₹53 to make one bag of popcorn. Dev sells it for ₹70. What is the profit on one (in ₹)?
  15. 15.True or false: “money spent to get it” is the cost price. (a) True (b) False
  16. 16.One paper bookmark costs ₹42 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.True or false: “money got from a sale” is the cost price. (a) False (b) True
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  21. 21.It costs ₹44 to make one jute bag. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  22. 22.It costs ₹51 to make one potted plant. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  24. 24.Joseph makes 13 friendship bands at a cost of ₹31 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  25. 25.One friendship band costs Zoya ₹20 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.It costs ₹50 to make one cupcake. On the last day Dev sells it for only ₹47. How much is the loss on one (in ₹)?
  31. 31.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  32. 32.One bag of popcorn costs ₹17 to make. Farhan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.One handmade card costs ₹14 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹23 to make one cup of lemonade. On the last day Diya sells it for only ₹14. How much is the loss on one (in ₹)?
  35. 35.One jute bag costs ₹30 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.Vihaan makes 20 glasses of chai at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.Ananya makes 8 potted plants at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.One clay diya costs Ishaan ₹16 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹12 to make one friendship band. On the last day Diya sells it for only ₹6. How much is the loss on one (in ₹)?

Answer key

  1. 6
  2. 9
  3. selling price
  4. 8
  5. cost price
  6. 5
  7. True
  8. 85
  9. 13
  10. True
  11. True
  12. False
  13. 5
  14. 17
  15. True
  16. 49
  17. selling price
  18. False
  19. False
  20. cost price
  21. 2
  22. 13
  23. what it cost you
  24. 91
  25. Loss
  26. what the buyer pays
  27. cost price
  28. SP more than CP
  29. False
  30. 3
  31. SP less than CP
  32. 21
  33. 28
  34. 9
  35. 35
  36. 140
  37. 24
  38. cost price
  39. Profit
  40. 6

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