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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 173 · 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.Aarav makes 27 potted plants at a cost of ₹28 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.One painted pebble costs Arjun ₹42 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹41 to make one handmade card. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  5. 5.It costs ₹54 to make one glass of chai. Riya sells it for ₹68. What is the profit on one (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.It costs ₹17 to make one jute bag. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.One cup of lemonade costs Vihaan ₹36 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  15. 15.One bag of popcorn costs ₹16 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  16. 16.One cupcake costs Meera ₹32 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One glass of chai costs ₹52 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.Riya makes 7 friendship bands at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  20. 20.It costs ₹15 to make one paper bookmark. On the last day Dev sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.One jute bag costs ₹20 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.Kabir makes 8 fruit cups at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  24. 24.One cup of lemonade costs ₹20 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹45 to make one painted pebble. Dev sells it for ₹51. What is the profit on one (in ₹)?
  26. 26.It costs ₹16 to make one potted plant. Farhan sells it for ₹18. What is the profit on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the selling price. (a) True (b) False
  28. 28.It costs ₹48 to make one jute bag. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  30. 30.One cup of lemonade costs Saanvi ₹26 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One bag of popcorn costs Rohan ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One potted plant costs Rohan ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.Lakshmi makes 21 clay diyas at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.It costs ₹10 to make one clay diya. Ananya sells it for ₹13. What is the profit on one (in ₹)?
  35. 35.One handmade card costs Aarav ₹39 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Kabir makes 26 cupcakes at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) False (b) True
  38. 38.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  39. 39.It costs ₹31 to make one clay diya. Zoya sells it for ₹45. What is the profit on one (in ₹)?
  40. 40.It costs ₹18 to make one glass of chai. Diya sells it for ₹30. What is the profit on one (in ₹)?

Answer key

  1. 378
  2. cost price
  3. Profit
  4. 9
  5. 14
  6. SP more than CP
  7. False
  8. 9
  9. True
  10. True
  11. selling price
  12. Profit
  13. True
  14. cost price
  15. 19
  16. Profit
  17. 59
  18. cost price
  19. 56
  20. 9
  21. 38
  22. cost price
  23. 48
  24. 31
  25. 6
  26. 2
  27. True
  28. 13
  29. selling price
  30. Loss
  31. Profit
  32. Loss
  33. 147
  34. 3
  35. Profit
  36. 78
  37. True
  38. what the buyer pays
  39. 14
  40. 12

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