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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 15 · 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 ₹5 to make one potted plant. Tara sells it for ₹11. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.Lakshmi makes 13 glasses of chai at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  4. 4.One handmade card costs Saanvi ₹57 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹43 to make one painted pebble. Kabir sells it for ₹57. What is the profit on one (in ₹)?
  6. 6.It costs ₹68 to make one cup of lemonade. On the last day Dev sells it for only ₹59. How much is the loss on one (in ₹)?
  7. 7.It costs ₹35 to make one cup of lemonade. On the last day Tara sells it for only ₹26. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  9. 9.One painted pebble costs ₹58 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.Kavya makes 24 cupcakes at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  13. 13.One jute bag costs Dev ₹50 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “what a customer pays” is the selling price. (a) False (b) True
  15. 15.One friendship band costs ₹6 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  16. 16.One cup of lemonade costs ₹48 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.Meera makes 8 cups of lemonade at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  18. 18.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.It costs ₹29 to make one jute bag. Kavya sells it for ₹33. What is the profit on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  22. 22.It costs ₹50 to make one painted pebble. Farhan sells it for ₹55. What is the profit on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the selling price. (a) False (b) True
  24. 24.One cupcake costs Diya ₹25 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.True or false: “what a customer pays” is the cost price. (a) False (b) True
  26. 26.True or false: “the price on your board” is the cost price. (a) False (b) True
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.Ishaan makes 6 clay diyas at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  29. 29.It costs ₹42 to make one fruit cup. Joseph sells it for ₹44. What is the profit on one (in ₹)?
  30. 30.Ananya makes 11 fruit cups at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.One paper bookmark costs Ananya ₹55 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “cost of making one” is the selling price. (a) True (b) False
  33. 33.One handmade card costs Diya ₹35 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One glass of chai costs ₹53 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹54 to make one bag of popcorn. On the last day Riya sells it for only ₹53. How much is the loss on one (in ₹)?
  36. 36.One cupcake costs ₹13 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.Saanvi makes 17 clay diyas at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
  39. 39.One glass of chai costs Kabir ₹38 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One painted pebble costs ₹48 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. 6
  2. cost price
  3. 65
  4. Loss
  5. 14
  6. 9
  7. 9
  8. what it cost you
  9. 77
  10. SP more than CP
  11. cost price
  12. 48
  13. Profit
  14. True
  15. 14
  16. 54
  17. 88
  18. SP less than CP
  19. selling price
  20. 4
  21. False
  22. 5
  23. True
  24. Loss
  25. False
  26. False
  27. False
  28. 84
  29. 2
  30. 110
  31. Loss
  32. False
  33. Profit
  34. 63
  35. 1
  36. 15
  37. 51
  38. False
  39. Loss
  40. 66

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