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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 302 · 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 friendship band costs ₹13 to make. Dev wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  2. 2.Riya makes 10 jute bags at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  3. 3.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  4. 4.Lakshmi makes 14 fruit cups at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  7. 7.True or false: “money spent to get it” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹37 to make one potted plant. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  12. 12.Kabir makes 7 bags of popcorn at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.It costs ₹54 to make one fruit cup. Rohan sells it for ₹67. What is the profit on one (in ₹)?
  16. 16.It costs ₹6 to make one jute bag. Diya sells it for ₹19. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs Diya ₹18 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.Vihaan makes 15 cupcakes at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  20. 20.It costs ₹23 to make one paper bookmark. Vihaan sells it for ₹27. What is the profit on one (in ₹)?
  21. 21.It costs ₹48 to make one bag of popcorn. Farhan sells it for ₹59. What is the profit on one (in ₹)?
  22. 22.True or false: “what a customer pays” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.One fruit cup costs Farhan ₹54 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One glass of chai costs Zoya ₹53 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.Diya makes 17 cups of lemonade at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  27. 27.One glass of chai costs Dev ₹28 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.It costs ₹5 to make one bag of popcorn. Lakshmi sells it for ₹20. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  32. 32.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  33. 33.It costs ₹5 to make one potted plant. Ananya sells it for ₹14. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹37 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.One bag of popcorn costs Rohan ₹21 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One cupcake costs ₹5 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹59 to make one potted plant. On the last day Dev sells it for only ₹56. How much is the loss on one (in ₹)?
  38. 38.It costs ₹23 to make one clay diya. On the last day Diya sells it for only ₹18. How much is the loss on one (in ₹)?
  39. 39.It costs ₹29 to make one jute bag. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. 25
  2. 130
  3. SP less than CP
  4. 56
  5. cost price
  6. what the buyer pays
  7. True
  8. selling price
  9. selling price
  10. cost price
  11. 6
  12. 49
  13. False
  14. selling price
  15. 13
  16. 13
  17. Profit
  18. False
  19. 210
  20. 4
  21. 11
  22. False
  23. cost price
  24. Loss
  25. Loss
  26. 238
  27. Profit
  28. SP more than CP
  29. False
  30. 15
  31. selling price
  32. what it cost you
  33. 9
  34. 41
  35. Profit
  36. 12
  37. 3
  38. 5
  39. 4
  40. True

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