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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 107 · 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.Gurpreet makes 6 fruit cups at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  2. 2.Lakshmi makes 14 clay diyas at a cost of ₹22 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  3. 3.It costs ₹13 to make one painted pebble. Diya sells it for ₹23. What is the profit on one (in ₹)?
  4. 4.It costs ₹23 to make one handmade card. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.Nisha makes 27 painted pebbles at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.One glass of chai costs Farhan ₹32 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One cup of lemonade costs Meera ₹60 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹58 to make one glass of chai. On the last day Tara sells it for only ₹50. How much is the loss on one (in ₹)?
  11. 11.One potted plant costs Gurpreet ₹53 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.It costs ₹25 to make one bag of popcorn. On the last day Arjun sells it for only ₹16. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  16. 16.One glass of chai costs ₹27 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  18. 18.It costs ₹7 to make one jute bag. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  19. 19.It costs ₹27 to make one cup of lemonade. On the last day Dev sells it for only ₹22. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.One potted plant costs Kabir ₹34 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.One friendship band costs ₹17 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.Tara makes 9 paper bookmarks at a cost of ₹8 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  26. 26.It costs ₹46 to make one bag of popcorn. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  27. 27.It costs ₹41 to make one handmade card. Lakshmi sells it for ₹59. What is the profit on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the cost price. (a) False (b) True
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  30. 30.It costs ₹49 to make one glass of chai. On the last day Gurpreet sells it for only ₹44. How much is the loss on one (in ₹)?
  31. 31.One handmade card costs ₹58 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹6 to make one potted plant. Ananya sells it for ₹11. What is the profit on one (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.Diya makes 23 cups of lemonade at a cost of ₹7 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  36. 36.It costs ₹10 to make one friendship band. On the last day Gurpreet sells it for only ₹5. How much is the loss on one (in ₹)?
  37. 37.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  38. 38.Riya makes 11 clay diyas at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  40. 40.One painted pebble costs Zoya ₹23 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 12
  2. 84
  3. 10
  4. 11
  5. False
  6. 81
  7. True
  8. Profit
  9. Loss
  10. 8
  11. Profit
  12. cost price
  13. True
  14. 9
  15. what it cost you
  16. 37
  17. SP more than CP
  18. 19
  19. 5
  20. selling price
  21. Profit
  22. cost price
  23. 23
  24. 108
  25. SP less than CP
  26. 4
  27. 18
  28. False
  29. selling price
  30. 5
  31. 70
  32. 5
  33. False
  34. True
  35. 299
  36. 5
  37. what the buyer pays
  38. 154
  39. cost price
  40. Loss

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