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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 14 · 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 9 paper bookmarks at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.It costs ₹8 to make one clay diya. Aarav sells it for ₹20. What is the profit on one (in ₹)?
  4. 4.True or false: “money spent to get it” is the cost price. (a) True (b) False
  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.It costs ₹12 to make one fruit cup. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  7. 7.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.One glass of chai costs ₹26 to make. Tara wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹26 to make one paper bookmark. On the last day Meera sells it for only ₹19. How much is the loss on one (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) True (b) False
  12. 12.True or false: “cost of making one” is the selling price. (a) False (b) True
  13. 13.One fruit cup costs Saanvi ₹41 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.It costs ₹54 to make one friendship band. Kabir sells it for ₹62. What is the profit on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the cost price. (a) True (b) False
  17. 17.Riya makes 11 cupcakes at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) False (b) True
  19. 19.It costs ₹15 to make one fruit cup. On the last day Kabir sells it for only ₹12. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.It costs ₹65 to make one jute bag. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  22. 22.It costs ₹15 to make one fruit cup. On the last day Saanvi sells it for only ₹11. How much is the loss on one (in ₹)?
  23. 23.It costs ₹31 to make one painted pebble. On the last day Ishaan sells it for only ₹21. How much is the loss on one (in ₹)?
  24. 24.It costs ₹18 to make one handmade card. Ananya sells it for ₹33. What is the profit on one (in ₹)?
  25. 25.It costs ₹18 to make one cupcake. Farhan sells it for ₹19. What is the profit on one (in ₹)?
  26. 26.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  27. 27.It costs ₹36 to make one glass of chai. Tara sells it for ₹48. What is the profit on one (in ₹)?
  28. 28.It costs ₹49 to make one potted plant. On the last day Joseph sells it for only ₹48. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.One handmade card costs Lakshmi ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹50 to make one clay diya. Tara sells it for ₹64. What is the profit on one (in ₹)?
  32. 32.One clay diya costs Dev ₹42 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹34 to make one fruit cup. On the last day Tara sells it for only ₹25. How much is the loss on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.Vihaan makes 8 cups of lemonade at a cost of ₹19 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  37. 37.One fruit cup costs ₹46 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  38. 38.Arjun makes 27 handmade cards at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.One fruit cup costs Vihaan ₹41 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹14 to make one bag of popcorn. Kavya sells it for ₹15. What is the profit on one (in ₹)?

Answer key

  1. 45
  2. cost price
  3. 12
  4. True
  5. SP less than CP
  6. 19
  7. what the buyer pays
  8. cost price
  9. 45
  10. 7
  11. False
  12. False
  13. Loss
  14. True
  15. 8
  16. True
  17. 77
  18. False
  19. 3
  20. selling price
  21. 10
  22. 4
  23. 10
  24. 15
  25. 1
  26. SP more than CP
  27. 12
  28. 1
  29. cost price
  30. Loss
  31. 14
  32. Loss
  33. 9
  34. True
  35. 80
  36. True
  37. 57
  38. 27
  39. Profit
  40. 1

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