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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 113 · 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.Meera makes 6 friendship bands at a cost of ₹8 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  2. 2.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  3. 3.One clay diya costs ₹55 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.One painted pebble costs Kabir ₹57 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹39 to make one friendship band. Saanvi sells it for ₹51. What is the profit on one (in ₹)?
  9. 9.Dev makes 21 jute bags at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  10. 10.Joseph makes 21 handmade cards at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  12. 12.True or false: “cost of making one” is the selling price. (a) False (b) True
  13. 13.True or false: “the price on your board” is the selling price. (a) False (b) True
  14. 14.It costs ₹56 to make one painted pebble. Joseph sells it for ₹58. What is the profit on one (in ₹)?
  15. 15.It costs ₹27 to make one fruit cup. Lakshmi sells it for ₹37. What is the profit on one (in ₹)?
  16. 16.It costs ₹16 to make one cupcake. Ananya sells it for ₹22. What is the profit on one (in ₹)?
  17. 17.It costs ₹20 to make one glass of chai. On the last day Diya sells it for only ₹18. How much is the loss on one (in ₹)?
  18. 18.One bag of popcorn costs Aarav ₹43 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One paper bookmark costs ₹11 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹58 to make one handmade card. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  21. 21.It costs ₹24 to make one jute bag. Nisha sells it for ₹28. What is the profit on one (in ₹)?
  22. 22.It costs ₹39 to make one jute bag. Diya sells it for ₹54. What is the profit on one (in ₹)?
  23. 23.True or false: “what a customer pays” is the selling price. (a) False (b) True
  24. 24.Zoya makes 5 friendship bands at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  26. 26.One clay diya costs Rohan ₹36 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹7 to make one cupcake. Tara sells it for ₹21. What is the profit on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the selling price. (a) False (b) True
  29. 29.One glass of chai costs Ananya ₹27 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Gurpreet makes 9 cups of lemonade at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  31. 31.It costs ₹60 to make one jute bag. Aarav sells it for ₹61. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  33. 33.One bag of popcorn costs Gurpreet ₹53 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹31 to make one friendship band. Diya sells it for ₹50. What is the profit on one (in ₹)?
  35. 35.True or false: “money spent to get it” is the cost price. (a) False (b) True
  36. 36.Kabir makes 9 handmade cards at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  37. 37.One glass of chai costs Diya ₹20 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Ishaan makes 17 jute bags at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.Meera makes 20 clay diyas at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?

Answer key

  1. 36
  2. what the buyer pays
  3. 63
  4. selling price
  5. SP less than CP
  6. selling price
  7. Profit
  8. 12
  9. 168
  10. 105
  11. what it cost you
  12. False
  13. True
  14. 2
  15. 10
  16. 6
  17. 2
  18. Loss
  19. 19
  20. 6
  21. 4
  22. 15
  23. True
  24. 15
  25. cost price
  26. Profit
  27. 14
  28. True
  29. Loss
  30. 45
  31. 1
  32. selling price
  33. Loss
  34. 19
  35. True
  36. 36
  37. Loss
  38. 204
  39. False
  40. 80

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