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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 169 · 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.One paper bookmark costs ₹48 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  2. 2.One handmade card costs ₹58 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  3. 3.One clay diya costs Kabir ₹53 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One clay diya costs ₹21 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.It costs ₹23 to make one clay diya. On the last day Arjun sells it for only ₹20. How much is the loss on one (in ₹)?
  7. 7.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  8. 8.It costs ₹18 to make one handmade card. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  9. 9.Ananya makes 6 friendship bands at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  10. 10.It costs ₹47 to make one bag of popcorn. On the last day Dev sells it for only ₹45. How much is the loss on one (in ₹)?
  11. 11.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  12. 12.One handmade card costs ₹41 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “money spent to get it” is the cost price. (a) False (b) True
  14. 14.One glass of chai costs ₹15 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹13 to make one potted plant. On the last day Aarav sells it for only ₹11. How much is the loss on one (in ₹)?
  16. 16.One cup of lemonade costs Ananya ₹19 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “cost of making one” is the selling price. (a) True (b) False
  18. 18.One paper bookmark costs Kabir ₹30 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹20 to make one jute bag. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  21. 21.One handmade card costs ₹57 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹11 to make one handmade card. On the last day Tara sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.It costs ₹24 to make one bag of popcorn. On the last day Ananya sells it for only ₹18. How much is the loss on one (in ₹)?
  24. 24.Gurpreet makes 25 fruit cups at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  27. 27.One jute bag costs Nisha ₹46 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.Nisha makes 14 handmade cards at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  29. 29.It costs ₹55 to make one cupcake. Riya sells it for ₹57. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.True or false: “money spent to get it” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.One paper bookmark costs Rohan ₹30 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.Ananya makes 26 bags of popcorn at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  37. 37.It costs ₹31 to make one paper bookmark. Tara sells it for ₹41. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  39. 39.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  40. 40.One paper bookmark costs ₹44 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. 61
  2. 69
  3. Profit
  4. 22
  5. False
  6. 3
  7. what the buyer pays
  8. 16
  9. 54
  10. 2
  11. SP more than CP
  12. 44
  13. True
  14. 28
  15. 2
  16. Loss
  17. False
  18. Profit
  19. 3
  20. what it cost you
  21. 77
  22. 2
  23. 6
  24. 75
  25. True
  26. SP less than CP
  27. Profit
  28. 140
  29. 2
  30. selling price
  31. cost price
  32. False
  33. selling price
  34. Profit
  35. cost price
  36. 390
  37. 10
  38. selling price
  39. False
  40. 62

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