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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 225 · 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.Rohan makes 26 potted plants at a cost of ₹35 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  2. 2.It costs ₹50 to make one friendship band. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  3. 3.Diya makes 8 cups of lemonade at a cost of ₹6 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  4. 4.One potted plant costs Riya ₹22 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.True or false: “the price you sell at” is the cost price. (a) False (b) True
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.Ananya makes 15 fruit cups at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  10. 10.Nisha makes 18 painted pebbles at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  11. 11.It costs ₹50 to make one bag of popcorn. On the last day Tara sells it for only ₹40. How much is the loss on one (in ₹)?
  12. 12.One glass of chai costs ₹14 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹8 to make one clay diya. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  14. 14.One bag of popcorn costs ₹20 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹42 to make one handmade card. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  16. 16.True or false: “money spent to get it” is the selling price. (a) False (b) True
  17. 17.Kavya makes 12 bags of popcorn at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.It costs ₹26 to make one cupcake. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.Tara makes 8 fruit cups at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  26. 26.One friendship band costs Ishaan ₹47 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Tara makes 26 jute bags at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  28. 28.True or false: “the price on your board” is the cost price. (a) False (b) True
  29. 29.Lakshmi makes 29 fruit cups at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  30. 30.It costs ₹46 to make one clay diya. Zoya sells it for ₹65. What is the profit on one (in ₹)?
  31. 31.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  32. 32.One potted plant costs Rohan ₹19 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.It costs ₹56 to make one handmade card. On the last day Kabir sells it for only ₹51. How much is the loss on one (in ₹)?
  35. 35.It costs ₹18 to make one cup of lemonade. On the last day Ishaan sells it for only ₹16. How much is the loss on one (in ₹)?
  36. 36.One handmade card costs Ananya ₹24 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “what a customer pays” is the selling price. (a) False (b) True
  38. 38.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  39. 39.True or false: “cost of making one” is the selling price. (a) False (b) True
  40. 40.It costs ₹60 to make one cupcake. On the last day Zoya sells it for only ₹57. How much is the loss on one (in ₹)?

Answer key

  1. 260
  2. 10
  3. 56
  4. Profit
  5. False
  6. True
  7. what it cost you
  8. True
  9. 210
  10. 126
  11. 10
  12. 32
  13. 3
  14. 24
  15. 9
  16. False
  17. 36
  18. False
  19. 6
  20. selling price
  21. True
  22. cost price
  23. True
  24. 32
  25. cost price
  26. Profit
  27. 156
  28. False
  29. 290
  30. 19
  31. SP more than CP
  32. Loss
  33. selling price
  34. 5
  35. 2
  36. Loss
  37. True
  38. SP less than CP
  39. False
  40. 3

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