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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 140 · 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.Ananya makes 19 friendship bands at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  2. 2.It costs ₹32 to make one cup of lemonade. Aarav sells it for ₹49. What is the profit on one (in ₹)?
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  5. 5.It costs ₹43 to make one painted pebble. Lakshmi sells it for ₹51. What is the profit on one (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  8. 8.One potted plant costs ₹21 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.It costs ₹51 to make one clay diya. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  13. 13.Vihaan makes 20 handmade cards at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  14. 14.It costs ₹12 to make one jute bag. Meera sells it for ₹20. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹44 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  16. 16.Gurpreet makes 10 cups of lemonade at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.One paper bookmark costs Kabir ₹53 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Kabir makes 16 cups of lemonade at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  21. 21.It costs ₹50 to make one cupcake. On the last day Aarav sells it for only ₹47. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.Zoya makes 7 jute bags at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  25. 25.It costs ₹52 to make one painted pebble. Kavya sells it for ₹63. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.Kabir makes 19 potted plants at a cost of ₹7 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  28. 28.It costs ₹14 to make one paper bookmark. Meera sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.It costs ₹49 to make one painted pebble. Rohan sells it for ₹64. What is the profit on one (in ₹)?
  30. 30.It costs ₹32 to make one potted plant. On the last day Vihaan sells it for only ₹28. How much is the loss on one (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.It costs ₹54 to make one glass of chai. Aarav sells it for ₹60. What is the profit on one (in ₹)?
  34. 34.Dev makes 19 clay diyas at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  35. 35.One clay diya costs ₹9 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  36. 36.One clay diya costs Farhan ₹19 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹22 to make one friendship band. Rohan sells it for ₹31. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs Nisha ₹35 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.It costs ₹45 to make one cup of lemonade. Ananya sells it for ₹58. What is the profit on one (in ₹)?

Answer key

  1. 171
  2. 17
  3. False
  4. what it cost you
  5. 8
  6. True
  7. what the buyer pays
  8. 36
  9. False
  10. SP more than CP
  11. cost price
  12. 4
  13. 240
  14. 8
  15. 60
  16. 20
  17. cost price
  18. cost price
  19. Profit
  20. 64
  21. 3
  22. True
  23. selling price
  24. 42
  25. 11
  26. selling price
  27. 247
  28. 16
  29. 15
  30. 4
  31. False
  32. True
  33. 6
  34. 247
  35. 13
  36. Profit
  37. 9
  38. Profit
  39. False
  40. 13

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