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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 309 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.It costs ₹24 to make one handmade card. Kavya sells it for ₹28. What is the profit on one (in ₹)?
  3. 3.It costs ₹60 to make one paper bookmark. On the last day Ishaan sells it for only ₹57. How much is the loss on one (in ₹)?
  4. 4.It costs ₹55 to make one cupcake. Ananya sells it for ₹66. What is the profit on one (in ₹)?
  5. 5.Aarav makes 23 jute bags at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  6. 6.It costs ₹42 to make one glass of chai. Nisha sells it for ₹43. What is the profit on one (in ₹)?
  7. 7.It costs ₹29 to make one painted pebble. Arjun sells it for ₹37. What is the profit on one (in ₹)?
  8. 8.It costs ₹30 to make one jute bag. On the last day Kabir sells it for only ₹20. How much is the loss on one (in ₹)?
  9. 9.It costs ₹30 to make one glass of chai. On the last day Meera sells it for only ₹26. How much is the loss on one (in ₹)?
  10. 10.Diya makes 29 cupcakes at a cost of ₹8 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) False (b) True
  12. 12.It costs ₹43 to make one clay diya. Riya sells it for ₹54. What is the profit on one (in ₹)?
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.True or false: “the price you sell at” is the selling price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  19. 19.It costs ₹18 to make one clay diya. On the last day Kavya sells it for only ₹15. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.It costs ₹9 to make one paper bookmark. On the last day Riya sells it for only ₹8. How much is the loss on one (in ₹)?
  22. 22.One clay diya costs Joseph ₹57 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “what you paid for it” is the cost price. (a) True (b) False
  24. 24.It costs ₹7 to make one handmade card. Vihaan sells it for ₹26. What is the profit on one (in ₹)?
  25. 25.It costs ₹47 to make one cup of lemonade. Farhan sells it for ₹60. What is the profit on one (in ₹)?
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.One paper bookmark costs Dev ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹64 to make one glass of chai. On the last day Dev sells it for only ₹56. How much is the loss on one (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  30. 30.It costs ₹26 to make one jute bag. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.It costs ₹29 to make one cupcake. Farhan sells it for ₹41. What is the profit on one (in ₹)?
  32. 32.It costs ₹20 to make one handmade card. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  33. 33.It costs ₹23 to make one jute bag. Vihaan sells it for ₹40. What is the profit on one (in ₹)?
  34. 34.It costs ₹19 to make one glass of chai. On the last day Gurpreet sells it for only ₹16. How much is the loss on one (in ₹)?
  35. 35.One cup of lemonade costs Farhan ₹37 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹27 to make one painted pebble. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  37. 37.Kavya makes 5 fruit cups at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.Aarav makes 25 friendship bands at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  40. 40.One cup of lemonade costs ₹34 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. 4
  3. 3
  4. 11
  5. 115
  6. 1
  7. 8
  8. 10
  9. 4
  10. 145
  11. False
  12. 11
  13. True
  14. SP more than CP
  15. cost price
  16. True
  17. selling price
  18. what it cost you
  19. 3
  20. cost price
  21. 1
  22. Profit
  23. True
  24. 19
  25. 13
  26. True
  27. Loss
  28. 8
  29. False
  30. 2
  31. 12
  32. 9
  33. 17
  34. 3
  35. Loss
  36. 18
  37. 45
  38. False
  39. 100
  40. 43

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