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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 161 · 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.Joseph makes 21 handmade cards at a cost of ₹36 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  2. 2.One jute bag costs ₹42 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹57 to make one friendship band. On the last day Ananya sells it for only ₹50. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.It costs ₹37 to make one cup of lemonade. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  10. 10.One handmade card costs Zoya ₹50 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One fruit cup costs Tara ₹22 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One friendship band costs Lakshmi ₹35 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.It costs ₹41 to make one bag of popcorn. Lakshmi sells it for ₹48. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹21 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹40 to make one potted plant. On the last day Nisha sells it for only ₹30. How much is the loss on one (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.Tara makes 18 glasses of chai at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  20. 20.One bag of popcorn costs Riya ₹31 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹40 to make one bag of popcorn. Dev sells it for ₹48. What is the profit on one (in ₹)?
  22. 22.It costs ₹44 to make one painted pebble. On the last day Vihaan sells it for only ₹36. How much is the loss on one (in ₹)?
  23. 23.One handmade card costs Ananya ₹39 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One potted plant costs Meera ₹30 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.One cup of lemonade costs ₹27 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  29. 29.It costs ₹39 to make one cup of lemonade. On the last day Dev sells it for only ₹38. How much is the loss on one (in ₹)?
  30. 30.It costs ₹31 to make one friendship band. Lakshmi sells it for ₹43. What is the profit on one (in ₹)?
  31. 31.Diya makes 16 fruit cups at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  32. 32.One cup of lemonade costs Dev ₹57 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹52 to make one cupcake. On the last day Ananya sells it for only ₹45. How much is the loss on one (in ₹)?
  34. 34.One cupcake costs Rohan ₹46 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹63 to make one handmade card. On the last day Gurpreet sells it for only ₹53. How much is the loss on one (in ₹)?
  36. 36.It costs ₹23 to make one bag of popcorn. On the last day Arjun sells it for only ₹18. How much is the loss on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) True (b) False
  38. 38.One jute bag costs Ishaan ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹27 to make one painted pebble. On the last day Diya sells it for only ₹23. How much is the loss on one (in ₹)?
  40. 40.One painted pebble costs Rohan ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 210
  2. 57
  3. 7
  4. what it cost you
  5. cost price
  6. False
  7. 9
  8. SP more than CP
  9. SP less than CP
  10. Profit
  11. Profit
  12. Profit
  13. False
  14. 7
  15. 31
  16. 10
  17. True
  18. False
  19. 54
  20. Loss
  21. 8
  22. 8
  23. Loss
  24. Profit
  25. what the buyer pays
  26. cost price
  27. 30
  28. selling price
  29. 1
  30. 12
  31. 160
  32. Profit
  33. 7
  34. Loss
  35. 10
  36. 5
  37. True
  38. Loss
  39. 4
  40. Loss

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