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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 123 · 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 ₹25 to make one paper bookmark. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  2. 2.One clay diya costs Vihaan ₹26 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  4. 4.One cup of lemonade costs ₹39 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.True or false: “the price you sell at” is the selling price. (a) False (b) True
  7. 7.It costs ₹15 to make one paper bookmark. On the last day Ishaan sells it for only ₹11. How much is the loss on one (in ₹)?
  8. 8.Tara makes 10 cupcakes at a cost of ₹34 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  9. 9.It costs ₹31 to make one cupcake. Joseph sells it for ₹36. What is the profit on one (in ₹)?
  10. 10.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  11. 11.It costs ₹40 to make one cup of lemonade. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  12. 12.It costs ₹13 to make one potted plant. Ishaan sells it for ₹20. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹54 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  15. 15.One friendship band costs ₹36 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.It costs ₹19 to make one fruit cup. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.Vihaan makes 20 glasses of chai at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  21. 21.One cupcake costs ₹19 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹43 to make one handmade card. Dev sells it for ₹49. What is the profit on one (in ₹)?
  23. 23.It costs ₹61 to make one paper bookmark. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.It costs ₹25 to make one jute bag. Nisha sells it for ₹33. What is the profit on one (in ₹)?
  26. 26.It costs ₹20 to make one cup of lemonade. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹9 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹61 to make one painted pebble. On the last day Zoya sells it for only ₹53. How much is the loss on one (in ₹)?
  29. 29.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  30. 30.Ananya makes 26 painted pebbles at a cost of ₹8 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.It costs ₹60 to make one fruit cup. On the last day Arjun sells it for only ₹55. How much is the loss on one (in ₹)?
  33. 33.One handmade card costs Meera ₹49 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One painted pebble costs Gurpreet ₹34 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.Diya makes 18 friendship bands at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  36. 36.It costs ₹13 to make one fruit cup. Ananya sells it for ₹25. What is the profit on one (in ₹)?
  37. 37.It costs ₹41 to make one glass of chai. On the last day Kavya sells it for only ₹36. How much is the loss on one (in ₹)?
  38. 38.It costs ₹5 to make one paper bookmark. Zoya sells it for ₹19. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  40. 40.It costs ₹22 to make one potted plant. On the last day Farhan sells it for only ₹20. How much is the loss on one (in ₹)?

Answer key

  1. 5
  2. Loss
  3. SP less than CP
  4. 47
  5. False
  6. True
  7. 4
  8. 150
  9. 5
  10. what the buyer pays
  11. 7
  12. 7
  13. 67
  14. what it cost you
  15. 44
  16. selling price
  17. 6
  18. False
  19. False
  20. 140
  21. 31
  22. 6
  23. 9
  24. selling price
  25. 8
  26. 10
  27. 25
  28. 8
  29. SP more than CP
  30. 130
  31. cost price
  32. 5
  33. Profit
  34. Loss
  35. 18
  36. 12
  37. 5
  38. 14
  39. cost price
  40. 2

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