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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 985 · 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.One handmade card costs ₹22 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “the price you sell at” is the selling price. (a) True (b) False
  3. 3.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  4. 4.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.One cupcake costs ₹58 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  8. 8.Saanvi makes 28 cupcakes at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  9. 9.One paper bookmark costs ₹29 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  10. 10.One cupcake costs ₹12 to make. Tara wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹7 to make one clay diya. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.One handmade card costs ₹26 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹51 to make one potted plant. On the last day Lakshmi sells it for only ₹48. How much is the loss on one (in ₹)?
  16. 16.It costs ₹34 to make one bag of popcorn. Ananya sells it for ₹39. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹56 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹20 to make one jute bag. On the last day Kavya sells it for only ₹18. How much is the loss on one (in ₹)?
  19. 19.Ananya makes 26 glasses of chai at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  20. 20.Diya makes 23 painted pebbles at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  21. 21.One cup of lemonade costs ₹9 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹43 to make one potted plant. Riya sells it for ₹57. What is the profit on one (in ₹)?
  23. 23.It costs ₹33 to make one jute bag. Vihaan sells it for ₹49. What is the profit on one (in ₹)?
  24. 24.It costs ₹60 to make one bag of popcorn. On the last day Ananya sells it for only ₹55. How much is the loss on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.It costs ₹38 to make one paper bookmark. Ananya sells it for ₹42. What is the profit on one (in ₹)?
  27. 27.It costs ₹38 to make one cupcake. On the last day Farhan sells it for only ₹37. How much is the loss on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.It costs ₹20 to make one glass of chai. Dev sells it for ₹35. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  31. 31.It costs ₹40 to make one cupcake. On the last day Aarav sells it for only ₹36. How much is the loss on one (in ₹)?
  32. 32.It costs ₹43 to make one paper bookmark. On the last day Ishaan sells it for only ₹37. How much is the loss on one (in ₹)?
  33. 33.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  35. 35.Kabir makes 11 painted pebbles at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  36. 36.Dev makes 21 jute bags at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  37. 37.It costs ₹30 to make one painted pebble. On the last day Nisha sells it for only ₹29. How much is the loss on one (in ₹)?
  38. 38.It costs ₹20 to make one paper bookmark. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  39. 39.It costs ₹26 to make one handmade card. On the last day Tara sells it for only ₹16. How much is the loss on one (in ₹)?
  40. 40.True or false: “cost of making one” is the selling price. (a) True (b) False

Answer key

  1. 37
  2. True
  3. SP less than CP
  4. what the buyer pays
  5. False
  6. cost price
  7. 68
  8. 112
  9. 39
  10. 29
  11. 2
  12. selling price
  13. cost price
  14. 46
  15. 3
  16. 5
  17. 70
  18. 2
  19. 26
  20. 69
  21. 24
  22. 14
  23. 16
  24. 5
  25. True
  26. 4
  27. 1
  28. False
  29. 15
  30. what it cost you
  31. 4
  32. 6
  33. SP more than CP
  34. selling price
  35. 143
  36. 105
  37. 1
  38. 1
  39. 10
  40. False

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