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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 171 · 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 10 jute bags at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  2. 2.It costs ₹15 to make one painted pebble. Nisha sells it for ₹28. What is the profit on one (in ₹)?
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  5. 5.True or false: “what you paid for it” is the cost price. (a) True (b) False
  6. 6.One potted plant costs ₹23 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.Nisha makes 23 jute bags at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  8. 8.It costs ₹50 to make one fruit cup. On the last day Gurpreet sells it for only ₹49. How much is the loss on one (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) True (b) False
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  11. 11.It costs ₹33 to make one cup of lemonade. On the last day Kabir sells it for only ₹26. How much is the loss on one (in ₹)?
  12. 12.Farhan makes 29 potted plants at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.One potted plant costs ₹10 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.Kabir makes 17 clay diyas at a cost of ₹28 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  16. 16.Ishaan makes 7 clay diyas at a cost of ₹26 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.Diya makes 22 bags of popcorn at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.It costs ₹22 to make one glass of chai. Riya sells it for ₹37. What is the profit on one (in ₹)?
  20. 20.True or false: “money spent to get it” is the cost price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.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 ₹)?
  23. 23.It costs ₹64 to make one jute bag. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  24. 24.Diya makes 19 glasses of chai at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  25. 25.It costs ₹49 to make one clay diya. Kavya sells it for ₹55. What is the profit on one (in ₹)?
  26. 26.Diya makes 18 painted pebbles at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  27. 27.It costs ₹16 to make one clay diya. On the last day Ananya sells it for only ₹14. How much is the loss on one (in ₹)?
  28. 28.One potted plant costs ₹32 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹19 to make one jute bag. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  30. 30.It costs ₹10 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹6. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  33. 33.Lakshmi makes 9 potted plants at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  35. 35.Arjun makes 5 painted pebbles at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  36. 36.It costs ₹61 to make one friendship band. On the last day Tara sells it for only ₹51. How much is the loss on one (in ₹)?
  37. 37.It costs ₹40 to make one cupcake. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.It costs ₹5 to make one potted plant. Gurpreet sells it for ₹9. What is the profit on one (in ₹)?
  40. 40.Riya makes 11 bags of popcorn at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?

Answer key

  1. 40
  2. 13
  3. False
  4. what it cost you
  5. True
  6. 28
  7. 92
  8. 1
  9. True
  10. True
  11. 7
  12. 290
  13. cost price
  14. 19
  15. 85
  16. 63
  17. 220
  18. cost price
  19. 15
  20. True
  21. selling price
  22. 3
  23. 7
  24. 38
  25. 6
  26. 198
  27. 2
  28. 41
  29. 4
  30. 4
  31. selling price
  32. what the buyer pays
  33. 18
  34. SP more than CP
  35. 50
  36. 10
  37. 14
  38. True
  39. 4
  40. 99

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