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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 324 · 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.Rohan makes 17 painted pebbles at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.It costs ₹10 to make one painted pebble. Dev sells it for ₹28. What is the profit on one (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  5. 5.One painted pebble costs ₹14 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  6. 6.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.One cup of lemonade costs Lakshmi ₹21 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  12. 12.It costs ₹41 to make one fruit cup. On the last day Aarav sells it for only ₹39. How much is the loss on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.One friendship band costs Arjun ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  16. 16.It costs ₹31 to make one bag of popcorn. On the last day Zoya sells it for only ₹30. How much is the loss on one (in ₹)?
  17. 17.One cup of lemonade costs ₹14 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.It costs ₹28 to make one painted pebble. Riya sells it for ₹47. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  21. 21.True or false: “cost of making one” is the selling price. (a) False (b) True
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.It costs ₹15 to make one cupcake. On the last day Kabir sells it for only ₹10. How much is the loss on one (in ₹)?
  24. 24.One cupcake costs ₹11 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹44 to make one handmade card. Lakshmi sells it for ₹53. What is the profit on one (in ₹)?
  26. 26.Saanvi makes 8 bags of popcorn at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  27. 27.One glass of chai costs Rohan ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Riya makes 15 friendship bands at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) False (b) True
  30. 30.It costs ₹22 to make one clay diya. On the last day Riya sells it for only ₹16. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.Vihaan makes 5 bags of popcorn at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  34. 34.Gurpreet makes 11 friendship bands at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  35. 35.It costs ₹63 to make one bag of popcorn. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  36. 36.One cup of lemonade costs Kavya ₹27 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One jute bag costs Kavya ₹22 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One fruit cup costs ₹56 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹19 to make one clay diya. Zoya sells it for ₹34. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹36 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?

Answer key

  1. 34
  2. selling price
  3. 18
  4. False
  5. 17
  6. SP less than CP
  7. True
  8. cost price
  9. cost price
  10. Loss
  11. SP more than CP
  12. 2
  13. True
  14. Profit
  15. what the buyer pays
  16. 1
  17. 21
  18. selling price
  19. 19
  20. what it cost you
  21. False
  22. False
  23. 5
  24. 14
  25. 9
  26. 64
  27. Profit
  28. 225
  29. False
  30. 6
  31. cost price
  32. selling price
  33. 50
  34. 110
  35. 8
  36. Loss
  37. Loss
  38. 74
  39. 15
  40. 55

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