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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 22 · 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.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  2. 2.Dev makes 14 friendship bands at a cost of ₹38 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  3. 3.Ishaan makes 26 cupcakes at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.Kabir makes 7 cups of lemonade at a cost of ₹17 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.It costs ₹17 to make one friendship band. Tara sells it for ₹26. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.One cupcake costs Riya ₹30 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.It costs ₹37 to make one painted pebble. Arjun sells it for ₹39. What is the profit on one (in ₹)?
  13. 13.One cupcake costs Diya ₹45 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹43 to make one paper bookmark. On the last day Vihaan sells it for only ₹40. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.Tara makes 30 bags of popcorn at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  17. 17.It costs ₹44 to make one jute bag. Arjun sells it for ₹46. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  21. 21.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  22. 22.It costs ₹51 to make one cup of lemonade. On the last day Tara sells it for only ₹44. How much is the loss on one (in ₹)?
  23. 23.One friendship band costs ₹57 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  24. 24.One friendship band costs ₹54 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “the price you sell at” is the cost price. (a) False (b) True
  26. 26.Tara makes 29 bags of popcorn at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
  28. 28.One cup of lemonade costs Vihaan ₹29 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹54 to make one painted pebble. On the last day Vihaan sells it for only ₹46. How much is the loss on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) True (b) False
  31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
  32. 32.One cupcake costs Zoya ₹45 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹29 to make one paper bookmark. Ishaan sells it for ₹44. What is the profit on one (in ₹)?
  34. 34.One clay diya costs Rohan ₹33 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.Joseph makes 13 handmade cards at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  36. 36.It costs ₹40 to make one clay diya. Kavya sells it for ₹41. What is the profit on one (in ₹)?
  37. 37.It costs ₹33 to make one fruit cup. On the last day Ananya sells it for only ₹23. How much is the loss on one (in ₹)?
  38. 38.Ishaan makes 27 bags of popcorn at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  39. 39.One friendship band costs ₹25 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.Joseph makes 9 glasses of chai at a cost of ₹11 each and sells all of them at ₹17 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. 182
  3. 390
  4. SP more than CP
  5. True
  6. 63
  7. selling price
  8. 9
  9. selling price
  10. Profit
  11. selling price
  12. 2
  13. Profit
  14. 3
  15. cost price
  16. 270
  17. 2
  18. cost price
  19. cost price
  20. what it cost you
  21. what the buyer pays
  22. 7
  23. 61
  24. 55
  25. False
  26. 377
  27. True
  28. Loss
  29. 8
  30. True
  31. True
  32. Loss
  33. 15
  34. Loss
  35. 195
  36. 1
  37. 10
  38. 243
  39. 34
  40. 54

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