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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 210 · 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.Dev makes 24 painted pebbles at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  2. 2.It costs ₹27 to make one friendship band. Aarav sells it for ₹41. What is the profit on one (in ₹)?
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  7. 7.It costs ₹10 to make one bag of popcorn. Kabir sells it for ₹19. What is the profit on one (in ₹)?
  8. 8.It costs ₹41 to make one painted pebble. On the last day Rohan sells it for only ₹36. How much is the loss on one (in ₹)?
  9. 9.One fruit cup costs Joseph ₹58 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  12. 12.It costs ₹45 to make one potted plant. Tara sells it for ₹64. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.One fruit cup costs Saanvi ₹56 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One clay diya costs ₹40 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.It costs ₹46 to make one bag of popcorn. On the last day Vihaan sells it for only ₹39. How much is the loss on one (in ₹)?
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.It costs ₹41 to make one paper bookmark. On the last day Rohan sells it for only ₹37. How much is the loss on one (in ₹)?
  24. 24.It costs ₹45 to make one clay diya. Tara sells it for ₹64. What is the profit on one (in ₹)?
  25. 25.It costs ₹12 to make one handmade card. Ishaan sells it for ₹27. What is the profit on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.One paper bookmark costs ₹50 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.Kavya makes 16 jute bags at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  29. 29.It costs ₹9 to make one paper bookmark. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  30. 30.It costs ₹31 to make one friendship band. Aarav sells it for ₹36. What is the profit on one (in ₹)?
  31. 31.It costs ₹57 to make one fruit cup. Joseph sells it for ₹62. What is the profit on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.It costs ₹30 to make one friendship band. Ananya sells it for ₹44. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  35. 35.One friendship band costs ₹14 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.One bag of popcorn costs ₹41 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  38. 38.One cupcake costs Ananya ₹25 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.Tara makes 10 bags of popcorn at a cost of ₹36 each and sells all of them at ₹48 each. What is the total profit (in ₹)?

Answer key

  1. 168
  2. 14
  3. False
  4. False
  5. False
  6. SP less than CP
  7. 9
  8. 5
  9. Loss
  10. cost price
  11. SP more than CP
  12. 19
  13. cost price
  14. False
  15. False
  16. Profit
  17. 43
  18. what it cost you
  19. selling price
  20. 7
  21. True
  22. True
  23. 4
  24. 19
  25. 15
  26. False
  27. 59
  28. 240
  29. 3
  30. 5
  31. 5
  32. True
  33. 14
  34. cost price
  35. 19
  36. 50
  37. selling price
  38. Loss
  39. selling price
  40. 120

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