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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 192 · 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 handmade card costs ₹38 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.True or false: “the price on your board” is the selling price. (a) True (b) False
  4. 4.It costs ₹41 to make one painted pebble. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  5. 5.Arjun makes 16 bags of popcorn at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  6. 6.It costs ₹35 to make one painted pebble. On the last day Gurpreet sells it for only ₹26. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.True or false: “the price you sell at” is the selling price. (a) False (b) True
  9. 9.One bag of popcorn costs Rohan ₹30 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
  11. 11.It costs ₹57 to make one glass of chai. On the last day Joseph sells it for only ₹56. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.It costs ₹32 to make one potted plant. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.One cup of lemonade costs Zoya ₹38 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One handmade card costs ₹11 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹14 to make one glass of chai. On the last day Ananya sells it for only ₹6. How much is the loss on one (in ₹)?
  20. 20.It costs ₹43 to make one glass of chai. Tara sells it for ₹50. What is the profit on one (in ₹)?
  21. 21.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  24. 24.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  25. 25.Arjun makes 22 fruit cups at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  26. 26.True or false: “cost of making one” is the cost price. (a) True (b) False
  27. 27.It costs ₹53 to make one handmade card. Gurpreet sells it for ₹62. What is the profit on one (in ₹)?
  28. 28.It costs ₹45 to make one fruit cup. On the last day Gurpreet sells it for only ₹41. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  30. 30.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  31. 31.It costs ₹13 to make one bag of popcorn. On the last day Diya sells it for only ₹5. How much is the loss on one (in ₹)?
  32. 32.It costs ₹18 to make one jute bag. Ishaan sells it for ₹22. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹5 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹53 to make one cup of lemonade. On the last day Kavya sells it for only ₹45. How much is the loss on one (in ₹)?
  35. 35.Ananya makes 23 bags of popcorn at a cost of ₹39 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  36. 36.One jute bag costs ₹6 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.One painted pebble costs Nisha ₹50 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.It costs ₹22 to make one handmade card. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  40. 40.It costs ₹57 to make one bag of popcorn. Rohan sells it for ₹63. What is the profit on one (in ₹)?

Answer key

  1. 54
  2. selling price
  3. True
  4. 9
  5. 64
  6. 9
  7. cost price
  8. True
  9. Loss
  10. True
  11. 1
  12. selling price
  13. False
  14. False
  15. 13
  16. selling price
  17. Loss
  18. 15
  19. 8
  20. 7
  21. SP more than CP
  22. cost price
  23. cost price
  24. SP less than CP
  25. 286
  26. True
  27. 9
  28. 4
  29. what it cost you
  30. what the buyer pays
  31. 8
  32. 4
  33. 16
  34. 8
  35. 161
  36. 13
  37. Profit
  38. False
  39. 12
  40. 6

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