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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 338 · 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 ₹37 to make one cupcake. On the last day Nisha sells it for only ₹33. How much is the loss on one (in ₹)?
  2. 2.Ananya makes 17 paper bookmarks at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  3. 3.It costs ₹12 to make one handmade card. Rohan sells it for ₹27. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  5. 5.Vihaan makes 28 jute bags at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.It costs ₹50 to make one jute bag. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  8. 8.True or false: “the price on your board” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  10. 10.One paper bookmark costs ₹60 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.Joseph makes 5 bags of popcorn at a cost of ₹26 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  12. 12.It costs ₹28 to make one glass of chai. Dev sells it for ₹35. What is the profit on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.It costs ₹13 to make one jute bag. Joseph sells it for ₹22. What is the profit on one (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.Saanvi makes 23 clay diyas at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  18. 18.It costs ₹44 to make one paper bookmark. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.One cupcake costs Gurpreet ₹52 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  22. 22.It costs ₹29 to make one cupcake. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  23. 23.One cup of lemonade costs ₹39 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹41 to make one handmade card. On the last day Farhan sells it for only ₹39. How much is the loss on one (in ₹)?
  25. 25.It costs ₹24 to make one jute bag. Gurpreet sells it for ₹29. What is the profit on one (in ₹)?
  26. 26.It costs ₹39 to make one jute bag. Ananya sells it for ₹41. What is the profit on one (in ₹)?
  27. 27.It costs ₹32 to make one potted plant. On the last day Vihaan sells it for only ₹28. How much is the loss on one (in ₹)?
  28. 28.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  29. 29.One clay diya costs Gurpreet ₹34 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.Diya makes 12 handmade cards at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  32. 32.One painted pebble costs Ananya ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One jute bag costs ₹60 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  34. 34.One fruit cup costs ₹60 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.One handmade card costs ₹14 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.One painted pebble costs Saanvi ₹49 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP

Answer key

  1. 4
  2. 238
  3. 15
  4. what it cost you
  5. 420
  6. cost price
  7. 4
  8. False
  9. cost price
  10. 71
  11. 5
  12. 7
  13. False
  14. 9
  15. True
  16. True
  17. 23
  18. 1
  19. True
  20. Profit
  21. what the buyer pays
  22. 3
  23. 42
  24. 2
  25. 5
  26. 2
  27. 4
  28. SP more than CP
  29. Loss
  30. False
  31. 180
  32. Loss
  33. 64
  34. 65
  35. 15
  36. cost price
  37. False
  38. Profit
  39. True
  40. SP less than CP

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