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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 132 · 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 ₹17 to make one clay diya. On the last day Saanvi sells it for only ₹7. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.Aarav makes 12 potted plants at a cost of ₹24 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  5. 5.One cup of lemonade costs Joseph ₹50 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.It costs ₹9 to make one fruit cup. On the last day Farhan sells it for only ₹7. How much is the loss on one (in ₹)?
  8. 8.True or false: “the price you sell at” is the cost price. (a) True (b) False
  9. 9.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  10. 10.Lakshmi makes 28 potted plants at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  11. 11.One friendship band costs ₹40 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  12. 12.One handmade card costs Ananya ₹45 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.Farhan makes 16 fruit cups at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  14. 14.It costs ₹63 to make one bag of popcorn. On the last day Kavya sells it for only ₹55. How much is the loss on one (in ₹)?
  15. 15.It costs ₹17 to make one fruit cup. On the last day Ishaan sells it for only ₹7. How much is the loss on one (in ₹)?
  16. 16.One clay diya costs Farhan ₹43 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹46 to make one glass of chai. Zoya sells it for ₹65. What is the profit on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  20. 20.Diya makes 5 cupcakes at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  21. 21.Ishaan makes 15 cups of lemonade at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  22. 22.One friendship band costs ₹56 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹34 to make one fruit cup. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  24. 24.It costs ₹35 to make one paper bookmark. On the last day Vihaan sells it for only ₹26. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.One jute bag costs Kabir ₹57 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One clay diya costs ₹17 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.True or false: “money got from a sale” is the selling price. (a) True (b) False
  30. 30.One cup of lemonade costs ₹23 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  32. 32.One paper bookmark costs ₹12 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹52 to make one fruit cup. Ishaan sells it for ₹64. What is the profit on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
  35. 35.One friendship band costs ₹48 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.It costs ₹17 to make one friendship band. Lakshmi sells it for ₹36. What is the profit on one (in ₹)?
  38. 38.Ishaan makes 10 glasses of chai at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.It costs ₹17 to make one cup of lemonade. On the last day Saanvi sells it for only ₹9. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. 10
  2. cost price
  3. selling price
  4. 48
  5. Profit
  6. cost price
  7. 2
  8. False
  9. what the buyer pays
  10. 28
  11. 60
  12. Loss
  13. 176
  14. 8
  15. 10
  16. Loss
  17. 19
  18. False
  19. SP less than CP
  20. 65
  21. 75
  22. 67
  23. 4
  24. 9
  25. selling price
  26. Profit
  27. 32
  28. cost price
  29. True
  30. 29
  31. SP more than CP
  32. 22
  33. 12
  34. True
  35. 49
  36. False
  37. 19
  38. 110
  39. 8
  40. selling price

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