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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 286 · 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 ₹52 to make one jute bag. Arjun sells it for ₹65. What is the profit on one (in ₹)?
  2. 2.True or false: “the price on your board” is the selling price. (a) False (b) True
  3. 3.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  4. 4.It costs ₹22 to make one handmade card. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  5. 5.It costs ₹6 to make one painted pebble. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹30 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “money got from a sale” is the cost price. (a) False (b) True
  8. 8.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.Vihaan makes 12 cups of lemonade at a cost of ₹6 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  13. 13.It costs ₹36 to make one bag of popcorn. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  14. 14.It costs ₹29 to make one cupcake. Diya sells it for ₹39. What is the profit on one (in ₹)?
  15. 15.It costs ₹60 to make one paper bookmark. Dev sells it for ₹70. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.One clay diya costs Arjun ₹45 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “the price you sell at” is the cost price. (a) True (b) False
  19. 19.It costs ₹67 to make one potted plant. On the last day Kavya sells it for only ₹59. How much is the loss on one (in ₹)?
  20. 20.One handmade card costs ₹51 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.One cupcake costs ₹47 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.It costs ₹22 to make one jute bag. Vihaan sells it for ₹35. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs Riya ₹60 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One clay diya costs Saanvi ₹34 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One cup of lemonade costs ₹10 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  28. 28.One friendship band costs Zoya ₹39 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹44 to make one bag of popcorn. Lakshmi sells it for ₹55. What is the profit on one (in ₹)?
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  31. 31.It costs ₹23 to make one handmade card. On the last day Arjun sells it for only ₹16. How much is the loss on one (in ₹)?
  32. 32.It costs ₹60 to make one painted pebble. Nisha sells it for ₹66. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs Gurpreet ₹43 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹23 to make one painted pebble. Rohan sells it for ₹25. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs Arjun ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One clay diya costs Kabir ₹43 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.Rohan makes 19 friendship bands at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.It costs ₹17 to make one friendship band. Kavya sells it for ₹36. What is the profit on one (in ₹)?
  39. 39.It costs ₹44 to make one friendship band. On the last day Joseph sells it for only ₹35. How much is the loss on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) True (b) False

Answer key

  1. 13
  2. True
  3. what the buyer pays
  4. 8
  5. 13
  6. 46
  7. False
  8. SP less than CP
  9. cost price
  10. 36
  11. selling price
  12. SP more than CP
  13. 6
  14. 10
  15. 10
  16. selling price
  17. Profit
  18. False
  19. 8
  20. 55
  21. 51
  22. what it cost you
  23. cost price
  24. 13
  25. Loss
  26. Profit
  27. 12
  28. Profit
  29. 11
  30. True
  31. 7
  32. 6
  33. Profit
  34. 2
  35. Profit
  36. Profit
  37. 38
  38. 19
  39. 9
  40. True

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