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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 342 · 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 handmade card costs Nisha ₹31 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.Farhan makes 13 cupcakes at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  5. 5.Dev makes 22 jute bags at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.One fruit cup costs Vihaan ₹40 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹57 to make one handmade card. Riya sells it for ₹59. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹12 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  9. 9.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  10. 10.It costs ₹37 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  12. 12.One fruit cup costs ₹17 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  14. 14.It costs ₹48 to make one clay diya. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  15. 15.Ishaan makes 9 cupcakes at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  16. 16.One clay diya costs Diya ₹19 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.Aarav makes 25 potted plants at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  18. 18.Vihaan makes 11 painted pebbles at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  19. 19.It costs ₹12 to make one handmade card. On the last day Meera sells it for only ₹11. How much is the loss on one (in ₹)?
  20. 20.Ishaan makes 27 clay diyas at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.True or false: “cost of making one” is the cost price. (a) True (b) False
  23. 23.One paper bookmark costs ₹28 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) False (b) True
  25. 25.It costs ₹31 to make one potted plant. Aarav sells it for ₹41. What is the profit on one (in ₹)?
  26. 26.It costs ₹39 to make one bag of popcorn. Nisha sells it for ₹47. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.It costs ₹44 to make one glass of chai. Aarav sells it for ₹45. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹17 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) False (b) True
  31. 31.One cup of lemonade costs ₹17 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  33. 33.Farhan makes 12 handmade cards at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  35. 35.One potted plant costs Kavya ₹41 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹47 to make one paper bookmark. Zoya sells it for ₹57. What is the profit on one (in ₹)?
  37. 37.It costs ₹42 to make one cup of lemonade. Joseph sells it for ₹51. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹13 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.It costs ₹18 to make one cup of lemonade. On the last day Ishaan sells it for only ₹12. How much is the loss on one (in ₹)?

Answer key

  1. Loss
  2. True
  3. cost price
  4. 117
  5. 110
  6. Loss
  7. 2
  8. 30
  9. what the buyer pays
  10. 6
  11. what it cost you
  12. 26
  13. SP less than CP
  14. 4
  15. 108
  16. Profit
  17. 350
  18. 22
  19. 1
  20. 243
  21. False
  22. True
  23. 33
  24. True
  25. 10
  26. 8
  27. cost price
  28. 1
  29. 27
  30. False
  31. 20
  32. cost price
  33. 168
  34. SP more than CP
  35. Loss
  36. 10
  37. 9
  38. 30
  39. False
  40. 6

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