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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 319 · 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 ₹32 to make one fruit cup. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  2. 2.Ananya makes 13 painted pebbles at a cost of ₹38 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  3. 3.Dev makes 22 fruit cups at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  4. 4.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  5. 5.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.One jute bag costs ₹60 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “money spent to get it” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.True or false: “money got from a sale” is the cost price. (a) False (b) True
  13. 13.It costs ₹35 to make one bag of popcorn. On the last day Aarav sells it for only ₹29. How much is the loss on one (in ₹)?
  14. 14.One handmade card costs Kabir ₹27 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  17. 17.It costs ₹42 to make one friendship band. Farhan sells it for ₹43. What is the profit on one (in ₹)?
  18. 18.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  19. 19.One potted plant costs Arjun ₹21 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹27 to make one painted pebble. On the last day Kabir sells it for only ₹25. How much is the loss on one (in ₹)?
  21. 21.It costs ₹19 to make one potted plant. Rohan sells it for ₹24. What is the profit on one (in ₹)?
  22. 22.It costs ₹58 to make one glass of chai. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
  23. 23.True or false: “the price on your board” is the cost price. (a) True (b) False
  24. 24.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  25. 25.One jute bag costs Ishaan ₹39 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One cup of lemonade costs ₹54 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  27. 27.One painted pebble costs ₹15 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹46 to make one bag of popcorn. Arjun sells it for ₹49. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹7 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  30. 30.Saanvi makes 12 fruit cups at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  31. 31.One handmade card costs ₹35 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹13 to make one jute bag. Rohan sells it for ₹32. What is the profit on one (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.One bag of popcorn costs ₹11 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹53 to make one potted plant. Saanvi sells it for ₹60. What is the profit on one (in ₹)?
  37. 37.It costs ₹9 to make one jute bag. Kavya sells it for ₹12. What is the profit on one (in ₹)?
  38. 38.It costs ₹16 to make one friendship band. Aarav sells it for ₹25. What is the profit on one (in ₹)?
  39. 39.Tara makes 19 fruit cups at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.True or false: “cost of making one” is the selling price. (a) False (b) True

Answer key

  1. 6
  2. 182
  3. 308
  4. SP more than CP
  5. what it cost you
  6. True
  7. 62
  8. True
  9. cost price
  10. selling price
  11. cost price
  12. False
  13. 6
  14. Profit
  15. cost price
  16. cost price
  17. 1
  18. SP less than CP
  19. Profit
  20. 2
  21. 5
  22. 4
  23. False
  24. what the buyer pays
  25. Loss
  26. 69
  27. 18
  28. 3
  29. 16
  30. 84
  31. 49
  32. 19
  33. False
  34. selling price
  35. 19
  36. 7
  37. 3
  38. 9
  39. 57
  40. False

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