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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 268 · 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.True or false: “cost of making one” is the selling price. (a) True (b) False
  2. 2.Tara makes 8 paper bookmarks at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  3. 3.One fruit cup costs Zoya ₹56 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One friendship band costs ₹19 to make. Ananya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.One bag of popcorn costs Rohan ₹59 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.Kavya makes 25 cupcakes at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  8. 8.It costs ₹34 to make one friendship band. Kabir sells it for ₹39. What is the profit on one (in ₹)?
  9. 9.Meera makes 15 clay diyas at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  11. 11.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  12. 12.Kavya makes 11 friendship bands at a cost of ₹31 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  14. 14.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  15. 15.It costs ₹49 to make one friendship band. Nisha sells it for ₹57. What is the profit on one (in ₹)?
  16. 16.It costs ₹46 to make one cup of lemonade. On the last day Tara sells it for only ₹43. How much is the loss on one (in ₹)?
  17. 17.One cupcake costs Aarav ₹25 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹6 to make one friendship band. Aarav sells it for ₹11. What is the profit on one (in ₹)?
  19. 19.It costs ₹46 to make one friendship band. Riya sells it for ₹47. What is the profit on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) True (b) False
  21. 21.It costs ₹42 to make one handmade card. Kavya sells it for ₹62. What is the profit on one (in ₹)?
  22. 22.One handmade card costs Diya ₹53 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One glass of chai costs Kavya ₹46 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.True or false: “the price you sell at” is the selling price. (a) False (b) True
  27. 27.It costs ₹65 to make one paper bookmark. On the last day Gurpreet sells it for only ₹55. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.It costs ₹9 to make one glass of chai. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  30. 30.It costs ₹58 to make one bag of popcorn. Aarav sells it for ₹78. What is the profit on one (in ₹)?
  31. 31.It costs ₹7 to make one clay diya. Rohan sells it for ₹18. What is the profit on one (in ₹)?
  32. 32.Lakshmi makes 30 cups of lemonade at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  33. 33.Dev makes 25 glasses of chai at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  34. 34.Aarav makes 9 friendship bands at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  35. 35.It costs ₹34 to make one cup of lemonade. Riya sells it for ₹39. What is the profit on one (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.Riya makes 10 handmade cards at a cost of ₹8 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  38. 38.One handmade card costs ₹35 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹19 to make one cup of lemonade. Saanvi sells it for ₹30. What is the profit on one (in ₹)?
  40. 40.It costs ₹25 to make one fruit cup. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 32
  3. Loss
  4. 31
  5. selling price
  6. Loss
  7. 75
  8. 5
  9. 90
  10. what it cost you
  11. SP more than CP
  12. 99
  13. SP less than CP
  14. what the buyer pays
  15. 8
  16. 3
  17. Loss
  18. 5
  19. 1
  20. True
  21. 20
  22. Profit
  23. Loss
  24. selling price
  25. cost price
  26. True
  27. 10
  28. cost price
  29. 2
  30. 20
  31. 11
  32. 450
  33. 25
  34. 54
  35. 5
  36. False
  37. 60
  38. 50
  39. 11
  40. 10

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