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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 129 · 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 ₹48 to make one clay diya. Farhan sells it for ₹56. What is the profit on one (in ₹)?
  2. 2.Vihaan makes 28 glasses of chai at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.One cupcake costs Saanvi ₹39 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹68 to make one fruit cup. On the last day Dev sells it for only ₹60. How much is the loss on one (in ₹)?
  6. 6.It costs ₹67 to make one jute bag. On the last day Zoya sells it for only ₹59. How much is the loss on one (in ₹)?
  7. 7.Ananya makes 23 potted plants at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  8. 8.Farhan makes 6 bags of popcorn at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  13. 13.It costs ₹59 to make one cupcake. On the last day Aarav sells it for only ₹50. How much is the loss on one (in ₹)?
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.One bag of popcorn costs Ishaan ₹46 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  17. 17.True or false: “the price on your board” is the selling price. (a) True (b) False
  18. 18.Diya makes 11 clay diyas at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  19. 19.Riya makes 16 jute bags at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  20. 20.Saanvi makes 5 friendship bands at a cost of ₹21 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.Tara makes 25 handmade cards at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  25. 25.One bag of popcorn costs ₹41 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.One bag of popcorn costs ₹21 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  28. 28.One clay diya costs ₹15 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹37 to make one cup of lemonade. Lakshmi sells it for ₹50. What is the profit on one (in ₹)?
  30. 30.Ananya makes 12 glasses of chai at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.True or false: “the price you sell at” is the selling price. (a) False (b) True
  33. 33.One potted plant costs Saanvi ₹32 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.Joseph makes 7 painted pebbles at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  35. 35.One jute bag costs Gurpreet ₹45 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Rohan makes 30 friendship bands at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.It costs ₹68 to make one painted pebble. On the last day Joseph sells it for only ₹59. How much is the loss on one (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  40. 40.It costs ₹49 to make one jute bag. Saanvi sells it for ₹67. What is the profit on one (in ₹)?

Answer key

  1. 8
  2. 364
  3. cost price
  4. Profit
  5. 8
  6. 8
  7. 207
  8. 66
  9. cost price
  10. SP less than CP
  11. True
  12. what it cost you
  13. 9
  14. True
  15. Profit
  16. selling price
  17. True
  18. 154
  19. 80
  20. 5
  21. False
  22. what the buyer pays
  23. selling price
  24. 50
  25. 43
  26. cost price
  27. 41
  28. 35
  29. 13
  30. 156
  31. False
  32. True
  33. Profit
  34. 35
  35. Profit
  36. 180
  37. selling price
  38. 9
  39. False
  40. 18

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