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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 20 · 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 painted pebble costs Aarav ₹40 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.It costs ₹23 to make one cup of lemonade. On the last day Joseph sells it for only ₹21. How much is the loss on one (in ₹)?
  5. 5.One clay diya costs ₹7 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  6. 6.One jute bag costs Meera ₹39 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.Aarav makes 28 painted pebbles at a cost of ₹9 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  8. 8.One glass of chai costs Nisha ₹32 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.One bag of popcorn costs Tara ₹16 to make and sells for ₹1. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.It costs ₹35 to make one paper bookmark. Ishaan sells it for ₹47. What is the profit on one (in ₹)?
  12. 12.True or false: “what you paid for it” is the cost price. (a) True (b) False
  13. 13.It costs ₹21 to make one potted plant. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  15. 15.True or false: “cost of making one” is the selling price. (a) True (b) False
  16. 16.It costs ₹59 to make one potted plant. Lakshmi sells it for ₹69. What is the profit on one (in ₹)?
  17. 17.One cupcake costs Lakshmi ₹17 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹22 to make one painted pebble. Joseph sells it for ₹28. What is the profit on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) False (b) True
  20. 20.One bag of popcorn costs ₹15 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹52 to make one glass of chai. Arjun sells it for ₹67. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹17 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹15 to make one glass of chai. On the last day Ishaan sells it for only ₹14. How much is the loss on one (in ₹)?
  24. 24.It costs ₹39 to make one potted plant. Diya sells it for ₹58. What is the profit on one (in ₹)?
  25. 25.Dev makes 13 cupcakes at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.Rohan makes 16 friendship bands at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  28. 28.It costs ₹22 to make one cupcake. On the last day Gurpreet sells it for only ₹19. How much is the loss on one (in ₹)?
  29. 29.Gurpreet makes 27 painted pebbles at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  30. 30.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  31. 31.One cup of lemonade costs ₹46 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹43 to make one cupcake. Lakshmi sells it for ₹52. What is the profit on one (in ₹)?
  33. 33.It costs ₹60 to make one paper bookmark. Kabir sells it for ₹61. What is the profit on one (in ₹)?
  34. 34.It costs ₹36 to make one jute bag. On the last day Saanvi sells it for only ₹35. How much is the loss on one (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.One clay diya costs Lakshmi ₹30 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.Diya makes 8 handmade cards at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  39. 39.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  40. 40.True or false: “what a customer pays” is the cost price. (a) False (b) True

Answer key

  1. Profit
  2. what it cost you
  3. cost price
  4. 2
  5. 11
  6. Profit
  7. 140
  8. Profit
  9. cost price
  10. Loss
  11. 12
  12. True
  13. 9
  14. SP less than CP
  15. False
  16. 10
  17. Loss
  18. 6
  19. False
  20. 23
  21. 15
  22. 23
  23. 1
  24. 19
  25. 65
  26. False
  27. 32
  28. 3
  29. 54
  30. SP more than CP
  31. 64
  32. 9
  33. 1
  34. 1
  35. False
  36. Loss
  37. 24
  38. cost price
  39. what the buyer pays
  40. False

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