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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 182 · 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 painted pebble. Tara sells it for ₹78. What is the profit on one (in ₹)?
  2. 2.One fruit cup costs Tara ₹50 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  5. 5.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  8. 8.It costs ₹44 to make one cupcake. On the last day Tara sells it for only ₹36. How much is the loss on one (in ₹)?
  9. 9.Diya makes 6 painted pebbles at a cost of ₹34 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.One handmade card costs ₹37 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹27 to make one handmade card. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  14. 14.It costs ₹9 to make one paper bookmark. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  15. 15.One handmade card costs ₹18 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  16. 16.One cup of lemonade costs ₹47 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.It costs ₹63 to make one friendship band. On the last day Diya sells it for only ₹58. How much is the loss on one (in ₹)?
  21. 21.One potted plant costs Kabir ₹55 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  23. 23.It costs ₹25 to make one friendship band. Saanvi sells it for ₹32. What is the profit on one (in ₹)?
  24. 24.True or false: “cost of making one” is the selling price. (a) True (b) False
  25. 25.One potted plant costs Meera ₹33 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Nisha makes 26 paper bookmarks at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.It costs ₹9 to make one clay diya. Ananya sells it for ₹26. What is the profit on one (in ₹)?
  29. 29.Aarav makes 6 handmade cards at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) True (b) False
  31. 31.One cup of lemonade costs Vihaan ₹19 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  33. 33.It costs ₹45 to make one fruit cup. On the last day Rohan sells it for only ₹36. How much is the loss on one (in ₹)?
  34. 34.It costs ₹35 to make one cup of lemonade. Lakshmi sells it for ₹53. What is the profit on one (in ₹)?
  35. 35.Arjun makes 5 bags of popcorn at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  36. 36.One handmade card costs ₹26 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹18 to make one fruit cup. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.It costs ₹60 to make one clay diya. Kavya sells it for ₹66. What is the profit on one (in ₹)?
  40. 40.Lakshmi makes 19 fruit cups at a cost of ₹28 each and sells all of them at ₹36 each. What is the total profit (in ₹)?

Answer key

  1. 20
  2. Loss
  3. selling price
  4. what it cost you
  5. what the buyer pays
  6. False
  7. SP more than CP
  8. 8
  9. 36
  10. False
  11. cost price
  12. 39
  13. 4
  14. 3
  15. 37
  16. 51
  17. selling price
  18. cost price
  19. selling price
  20. 5
  21. Profit
  22. selling price
  23. 7
  24. False
  25. Profit
  26. 130
  27. False
  28. 17
  29. 78
  30. False
  31. Profit
  32. SP less than CP
  33. 9
  34. 18
  35. 15
  36. 45
  37. 5
  38. False
  39. 6
  40. 152

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