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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 264 · 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.Arjun makes 7 paper bookmarks at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  2. 2.One painted pebble costs ₹43 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  4. 4.It costs ₹10 to make one clay diya. Joseph sells it for ₹11. What is the profit on one (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  9. 9.Meera makes 17 potted plants at a cost of ₹36 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  10. 10.One cup of lemonade costs Dev ₹37 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹12 to make one handmade card. Rohan sells it for ₹27. What is the profit on one (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) True (b) False
  13. 13.Gurpreet makes 23 glasses of chai at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.One handmade card costs ₹22 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.One friendship band costs Saanvi ₹49 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Diya makes 10 cups of lemonade at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.One friendship band costs Zoya ₹30 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Ishaan makes 8 cups of lemonade at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  23. 23.Gurpreet makes 15 glasses of chai at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  24. 24.One fruit cup costs ₹12 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.One cupcake costs Gurpreet ₹16 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “the price on your board” is the selling price. (a) False (b) True
  27. 27.It costs ₹25 to make one fruit cup. On the last day Saanvi sells it for only ₹23. How much is the loss on one (in ₹)?
  28. 28.It costs ₹26 to make one potted plant. Dev sells it for ₹38. What is the profit on one (in ₹)?
  29. 29.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.One painted pebble costs Lakshmi ₹48 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹24 to make one paper bookmark. On the last day Meera sells it for only ₹19. How much is the loss on one (in ₹)?
  33. 33.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  34. 34.It costs ₹51 to make one bag of popcorn. Riya sells it for ₹63. What is the profit on one (in ₹)?
  35. 35.It costs ₹52 to make one bag of popcorn. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.It costs ₹10 to make one handmade card. Farhan sells it for ₹12. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹42 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹57 to make one cupcake. On the last day Joseph sells it for only ₹51. How much is the loss on one (in ₹)?

Answer key

  1. 35
  2. 59
  3. what it cost you
  4. 1
  5. False
  6. selling price
  7. selling price
  8. SP more than CP
  9. 153
  10. Profit
  11. 15
  12. False
  13. 92
  14. selling price
  15. 31
  16. cost price
  17. Loss
  18. 50
  19. True
  20. False
  21. Profit
  22. 32
  23. 45
  24. 30
  25. Profit
  26. True
  27. 2
  28. 12
  29. what the buyer pays
  30. False
  31. Profit
  32. 5
  33. SP less than CP
  34. 12
  35. 5
  36. selling price
  37. cost price
  38. 2
  39. 59
  40. 6

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