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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 178 · 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 ₹11 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹9 to make one painted pebble. Rohan sells it for ₹15. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.It costs ₹18 to make one handmade card. Farhan sells it for ₹27. What is the profit on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.One bag of popcorn costs ₹10 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹45 to make one handmade card. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  8. 8.It costs ₹47 to make one glass of chai. Dev sells it for ₹58. What is the profit on one (in ₹)?
  9. 9.It costs ₹33 to make one paper bookmark. On the last day Meera sells it for only ₹28. How much is the loss on one (in ₹)?
  10. 10.It costs ₹35 to make one cup of lemonade. On the last day Tara sells it for only ₹33. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.One clay diya costs Kabir ₹44 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.Dev makes 12 handmade cards at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  20. 20.It costs ₹65 to make one glass of chai. On the last day Kabir sells it for only ₹60. How much is the loss on one (in ₹)?
  21. 21.It costs ₹37 to make one painted pebble. On the last day Farhan sells it for only ₹30. How much is the loss on one (in ₹)?
  22. 22.One friendship band costs ₹41 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.One jute bag costs Riya ₹33 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Ananya makes 18 handmade cards at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  26. 26.It costs ₹58 to make one painted pebble. Diya sells it for ₹73. What is the profit on one (in ₹)?
  27. 27.One friendship band costs Arjun ₹52 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹57 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹56. How much is the loss on one (in ₹)?
  29. 29.One glass of chai costs ₹21 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  31. 31.One jute bag costs Ananya ₹24 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.Ananya makes 11 paper bookmarks at a cost of ₹18 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) never (d) SP equal to CP
  35. 35.Kavya makes 12 bags of popcorn at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  36. 36.Joseph makes 16 fruit cups at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.One glass of chai costs ₹30 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹52 to make one bag of popcorn. On the last day Arjun sells it for only ₹51. How much is the loss on one (in ₹)?
  39. 39.It costs ₹47 to make one jute bag. Joseph sells it for ₹53. What is the profit on one (in ₹)?
  40. 40.It costs ₹50 to make one paper bookmark. Nisha sells it for ₹56. What is the profit on one (in ₹)?

Answer key

  1. 15
  2. 6
  3. cost price
  4. 9
  5. True
  6. 30
  7. 6
  8. 11
  9. 5
  10. 2
  11. what it cost you
  12. True
  13. Loss
  14. selling price
  15. SP less than CP
  16. selling price
  17. 48
  18. False
  19. what the buyer pays
  20. 5
  21. 7
  22. 44
  23. selling price
  24. Loss
  25. 180
  26. 15
  27. Loss
  28. 1
  29. 30
  30. selling price
  31. Profit
  32. False
  33. 55
  34. SP more than CP
  35. 132
  36. 208
  37. 38
  38. 1
  39. 6
  40. 6

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