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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 232 · 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.It costs ₹34 to make one painted pebble. On the last day Riya sells it for only ₹30. How much is the loss on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  3. 3.True or false: “the price on your board” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  5. 5.One bag of popcorn costs ₹50 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.It costs ₹52 to make one potted plant. On the last day Kavya sells it for only ₹49. How much is the loss on one (in ₹)?
  8. 8.It costs ₹44 to make one cup of lemonade. Aarav sells it for ₹55. What is the profit on one (in ₹)?
  9. 9.It costs ₹28 to make one potted plant. On the last day Ishaan sells it for only ₹18. How much is the loss on one (in ₹)?
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  11. 11.It costs ₹59 to make one fruit cup. Farhan sells it for ₹63. What is the profit on one (in ₹)?
  12. 12.Vihaan makes 10 friendship bands at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.It costs ₹34 to make one cupcake. Saanvi sells it for ₹49. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹21 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹56 to make one fruit cup. On the last day Gurpreet sells it for only ₹50. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.It costs ₹57 to make one handmade card. On the last day Arjun sells it for only ₹54. How much is the loss on one (in ₹)?
  19. 19.Joseph makes 5 friendship bands at a cost of ₹36 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.It costs ₹60 to make one glass of chai. Joseph sells it for ₹79. What is the profit on one (in ₹)?
  22. 22.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.It costs ₹24 to make one painted pebble. On the last day Joseph sells it for only ₹17. How much is the loss on one (in ₹)?
  25. 25.One cupcake costs Meera ₹31 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “what you paid for it” is the selling price. (a) False (b) True
  27. 27.One handmade card costs Dev ₹16 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹9 to make one clay diya. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹11 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.It costs ₹47 to make one fruit cup. Ananya sells it for ₹65. What is the profit on one (in ₹)?
  32. 32.It costs ₹41 to make one painted pebble. On the last day Saanvi sells it for only ₹37. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.It costs ₹40 to make one clay diya. On the last day Riya sells it for only ₹37. How much is the loss on one (in ₹)?
  35. 35.Rohan makes 18 cupcakes at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  36. 36.Vihaan makes 12 bags of popcorn at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  37. 37.Kabir makes 17 cups of lemonade at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  38. 38.It costs ₹61 to make one friendship band. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
  39. 39.It costs ₹66 to make one fruit cup. On the last day Joseph sells it for only ₹57. How much is the loss on one (in ₹)?
  40. 40.One cupcake costs Ishaan ₹26 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 4
  2. SP less than CP
  3. True
  4. what it cost you
  5. 54
  6. selling price
  7. 3
  8. 11
  9. 10
  10. SP more than CP
  11. 4
  12. 60
  13. selling price
  14. 15
  15. 40
  16. 6
  17. cost price
  18. 3
  19. 50
  20. selling price
  21. 19
  22. what the buyer pays
  23. selling price
  24. 7
  25. Loss
  26. False
  27. Profit
  28. 17
  29. 26
  30. False
  31. 18
  32. 4
  33. cost price
  34. 3
  35. 234
  36. 156
  37. 51
  38. 5
  39. 9
  40. Profit

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