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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 162 · 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 ₹60 to make one jute bag. Kavya sells it for ₹66. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  4. 4.Ananya makes 27 cupcakes at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.It costs ₹18 to make one fruit cup. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  8. 8.True or false: “what you paid for it” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.It costs ₹10 to make one handmade card. On the last day Farhan sells it for only ₹7. How much is the loss on one (in ₹)?
  12. 12.Kabir makes 29 glasses of chai at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  13. 13.Ishaan makes 6 clay diyas at a cost of ₹33 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  14. 14.One painted pebble costs ₹44 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “the price you sell at” is the cost price. (a) False (b) True
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.It costs ₹10 to make one glass of chai. Zoya sells it for ₹16. What is the profit on one (in ₹)?
  18. 18.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  19. 19.One cup of lemonade costs Rohan ₹37 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  22. 22.It costs ₹18 to make one jute bag. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  23. 23.One painted pebble costs Saanvi ₹16 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One fruit cup costs ₹51 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.One potted plant costs ₹24 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹58 to make one clay diya. Joseph sells it for ₹75. What is the profit on one (in ₹)?
  29. 29.One potted plant costs Aarav ₹27 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One friendship band costs Rohan ₹30 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹38 to make one fruit cup. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  32. 32.Meera makes 5 potted plants at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.Tara makes 18 bags of popcorn at a cost of ₹38 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  34. 34.One fruit cup costs Riya ₹37 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One bag of popcorn costs Nisha ₹26 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹40 to make one cupcake. Zoya sells it for ₹49. What is the profit on one (in ₹)?
  37. 37.Riya makes 7 jute bags at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  38. 38.True or false: “cost of making one” is the selling price. (a) True (b) False
  39. 39.One paper bookmark costs Joseph ₹56 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One cup of lemonade costs Nisha ₹46 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 6
  2. cost price
  3. SP more than CP
  4. 378
  5. selling price
  6. 4
  7. what it cost you
  8. True
  9. cost price
  10. False
  11. 3
  12. 29
  13. 66
  14. 48
  15. False
  16. False
  17. 6
  18. what the buyer pays
  19. Loss
  20. selling price
  21. selling price
  22. 3
  23. Loss
  24. 61
  25. selling price
  26. cost price
  27. 38
  28. 17
  29. Loss
  30. Loss
  31. 10
  32. 15
  33. 54
  34. Loss
  35. Profit
  36. 9
  37. 21
  38. False
  39. Profit
  40. Loss

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