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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 239 · 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 potted plant costs ₹8 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  4. 4.Riya makes 26 painted pebbles at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.One bag of popcorn costs ₹6 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹36 to make one glass of chai. Diya sells it for ₹55. What is the profit on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.True or false: “what you paid for it” is the cost price. (a) True (b) False
  11. 11.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  12. 12.Arjun makes 14 fruit cups at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.One bag of popcorn costs Diya ₹30 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹21 to make one fruit cup. Kavya sells it for ₹25. What is the profit on one (in ₹)?
  17. 17.It costs ₹52 to make one handmade card. Lakshmi sells it for ₹55. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.One cupcake costs Kabir ₹20 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.It costs ₹42 to make one cup of lemonade. Arjun sells it for ₹54. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.It costs ₹47 to make one jute bag. On the last day Diya sells it for only ₹38. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs Meera ₹57 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One potted plant costs ₹18 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹43 to make one handmade card. Diya sells it for ₹50. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs Diya ₹21 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹9 to make one potted plant. On the last day Farhan sells it for only ₹7. How much is the loss on one (in ₹)?
  29. 29.One friendship band costs ₹58 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹42 to make one cupcake. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.True or false: “what a customer pays” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.Kabir makes 9 glasses of chai at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  35. 35.Ananya makes 28 handmade cards at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.It costs ₹44 to make one jute bag. On the last day Diya sells it for only ₹37. How much is the loss on one (in ₹)?
  38. 38.One friendship band costs Vihaan ₹26 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹11 to make one painted pebble. On the last day Tara sells it for only ₹10. How much is the loss on one (in ₹)?
  40. 40.It costs ₹52 to make one fruit cup. Ananya sells it for ₹69. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. SP less than CP
  3. cost price
  4. 312
  5. what it cost you
  6. True
  7. 19
  8. 19
  9. False
  10. True
  11. what the buyer pays
  12. 140
  13. cost price
  14. selling price
  15. Loss
  16. 4
  17. 3
  18. selling price
  19. Profit
  20. False
  21. 12
  22. cost price
  23. 9
  24. Loss
  25. 23
  26. 7
  27. Loss
  28. 2
  29. 72
  30. 13
  31. selling price
  32. True
  33. cost price
  34. 9
  35. 112
  36. False
  37. 7
  38. Loss
  39. 1
  40. 17

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