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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 326 · 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 Kavya ₹48 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One painted pebble costs ₹18 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.True or false: “cost of making one” is the selling price. (a) True (b) False
  6. 6.It costs ₹44 to make one bag of popcorn. Rohan sells it for ₹48. What is the profit on one (in ₹)?
  7. 7.True or false: “what a customer pays” is the selling price. (a) False (b) True
  8. 8.It costs ₹44 to make one painted pebble. Zoya sells it for ₹50. What is the profit on one (in ₹)?
  9. 9.One handmade card costs Lakshmi ₹29 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.Lakshmi makes 9 cups of lemonade at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  13. 13.One jute bag costs Ananya ₹18 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  16. 16.True or false: “what you paid for it” is the cost price. (a) False (b) True
  17. 17.Arjun makes 26 fruit cups at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  18. 18.It costs ₹22 to make one bag of popcorn. On the last day Meera sells it for only ₹13. How much is the loss on one (in ₹)?
  19. 19.One handmade card costs Saanvi ₹21 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹8 to make one handmade card. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  21. 21.One cup of lemonade costs ₹59 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹22 to make one painted pebble. On the last day Nisha sells it for only ₹20. How much is the loss on one (in ₹)?
  23. 23.It costs ₹40 to make one jute bag. Joseph sells it for ₹60. What is the profit on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  26. 26.Tara makes 15 bags of popcorn at a cost of ₹34 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  27. 27.One friendship band costs Gurpreet ₹43 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “what you paid for it” is the selling price. (a) True (b) False
  29. 29.Aarav makes 19 jute bags at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  30. 30.It costs ₹12 to make one potted plant. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  31. 31.One jute bag costs ₹21 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  32. 32.One clay diya costs Aarav ₹43 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Riya makes 9 glasses of chai at a cost of ₹9 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  34. 34.One glass of chai costs ₹22 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  35. 35.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  36. 36.It costs ₹6 to make one handmade card. Gurpreet sells it for ₹18. What is the profit on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.One glass of chai costs ₹17 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  39. 39.One cup of lemonade costs Nisha ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One handmade card costs ₹13 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?

Answer key

  1. Profit
  2. 36
  3. cost price
  4. cost price
  5. False
  6. 4
  7. True
  8. 6
  9. Loss
  10. what the buyer pays
  11. selling price
  12. 36
  13. Profit
  14. selling price
  15. what it cost you
  16. True
  17. 78
  18. 9
  19. Loss
  20. 3
  21. 79
  22. 2
  23. 20
  24. False
  25. SP less than CP
  26. 165
  27. Loss
  28. False
  29. 247
  30. 5
  31. 22
  32. Loss
  33. 45
  34. 31
  35. SP more than CP
  36. 12
  37. True
  38. 22
  39. Profit
  40. 19

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