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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 172 · 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 ₹58 to make one jute bag. Tara sells it for ₹67. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹13 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “cost of making one” is the cost price. (a) True (b) False
  5. 5.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  6. 6.One jute bag costs ₹29 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  7. 7.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  8. 8.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  9. 9.It costs ₹14 to make one glass of chai. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.It costs ₹48 to make one painted pebble. Arjun sells it for ₹64. What is the profit on one (in ₹)?
  12. 12.True or false: “what you paid for it” is the cost price. (a) False (b) True
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.One painted pebble costs ₹17 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) True (b) False
  16. 16.True or false: “money got from a sale” is the cost price. (a) True (b) False
  17. 17.It costs ₹12 to make one cup of lemonade. Meera sells it for ₹17. What is the profit on one (in ₹)?
  18. 18.It costs ₹38 to make one glass of chai. On the last day Joseph sells it for only ₹35. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  21. 21.One jute bag costs Ananya ₹33 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹11 to make one potted plant. On the last day Gurpreet sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.It costs ₹60 to make one cup of lemonade. Farhan sells it for ₹67. What is the profit on one (in ₹)?
  24. 24.Vihaan makes 7 bags of popcorn at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  25. 25.Zoya makes 10 handmade cards at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  26. 26.It costs ₹25 to make one jute bag. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  27. 27.One handmade card costs ₹18 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  28. 28.One fruit cup costs Zoya ₹37 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One cup of lemonade costs ₹24 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  30. 30.One painted pebble costs ₹47 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.It costs ₹10 to make one friendship band. Aarav sells it for ₹14. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs Lakshmi ₹21 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹59 to make one handmade card. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.One jute bag costs Nisha ₹51 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.Joseph makes 5 fruit cups at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.It costs ₹62 to make one potted plant. On the last day Aarav sells it for only ₹52. How much is the loss on one (in ₹)?

Answer key

  1. 9
  2. 20
  3. cost price
  4. True
  5. SP less than CP
  6. 39
  7. what the buyer pays
  8. SP more than CP
  9. 9
  10. cost price
  11. 16
  12. True
  13. False
  14. 32
  15. True
  16. False
  17. 5
  18. 3
  19. cost price
  20. what it cost you
  21. Profit
  22. 2
  23. 7
  24. 14
  25. 140
  26. 5
  27. 33
  28. Loss
  29. 29
  30. 55
  31. False
  32. 4
  33. Profit
  34. 3
  35. False
  36. Profit
  37. selling price
  38. 60
  39. selling price
  40. 10

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