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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 26 · 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 ₹21 to make one fruit cup. On the last day Ishaan sells it for only ₹20. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.One jute bag costs ₹51 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  4. 4.One bag of popcorn costs ₹56 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.One clay diya costs ₹12 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what a customer pays” is the cost price. (a) True (b) False
  8. 8.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  9. 9.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  10. 10.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  11. 11.It costs ₹17 to make one bag of popcorn. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  12. 12.It costs ₹23 to make one potted plant. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
  13. 13.It costs ₹58 to make one handmade card. Kabir sells it for ₹69. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹57 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.It costs ₹43 to make one clay diya. Nisha sells it for ₹45. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.It costs ₹22 to make one fruit cup. On the last day Diya sells it for only ₹14. How much is the loss on one (in ₹)?
  21. 21.It costs ₹55 to make one friendship band. On the last day Lakshmi sells it for only ₹48. How much is the loss on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.It costs ₹42 to make one handmade card. On the last day Kavya sells it for only ₹36. How much is the loss on one (in ₹)?
  24. 24.It costs ₹33 to make one fruit cup. Dev sells it for ₹35. What is the profit on one (in ₹)?
  25. 25.It costs ₹56 to make one jute bag. Dev sells it for ₹74. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.It costs ₹18 to make one friendship band. On the last day Joseph sells it for only ₹10. How much is the loss on one (in ₹)?
  28. 28.It costs ₹41 to make one potted plant. On the last day Kabir sells it for only ₹35. How much is the loss on one (in ₹)?
  29. 29.True or false: “the price on your board” is the selling price. (a) False (b) True
  30. 30.Farhan makes 17 glasses of chai at a cost of ₹16 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  31. 31.Arjun makes 7 cups of lemonade at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  32. 32.It costs ₹13 to make one paper bookmark. On the last day Kabir sells it for only ₹12. How much is the loss on one (in ₹)?
  33. 33.It costs ₹66 to make one glass of chai. On the last day Arjun sells it for only ₹56. How much is the loss on one (in ₹)?
  34. 34.One friendship band costs ₹38 to make. Vihaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹8 to make one glass of chai. Lakshmi sells it for ₹12. What is the profit on one (in ₹)?
  36. 36.It costs ₹30 to make one fruit cup. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.One handmade card costs Rohan ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One handmade card costs ₹27 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.One glass of chai costs Dev ₹25 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One jute bag costs Rohan ₹47 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 1
  2. selling price
  3. 57
  4. 70
  5. cost price
  6. 17
  7. False
  8. what the buyer pays
  9. what it cost you
  10. SP more than CP
  11. 3
  12. 7
  13. 11
  14. 68
  15. False
  16. selling price
  17. selling price
  18. 2
  19. cost price
  20. 8
  21. 7
  22. True
  23. 6
  24. 2
  25. 18
  26. cost price
  27. 8
  28. 6
  29. True
  30. 204
  31. 70
  32. 1
  33. 10
  34. 49
  35. 4
  36. 10
  37. Loss
  38. 40
  39. Loss
  40. Profit

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