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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 345 · 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.

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  1. 1.It costs ₹53 to make one potted plant. Farhan sells it for ₹61. What is the profit on one (in ₹)?
  2. 2.Kavya makes 23 friendship bands at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  3. 3.One bag of popcorn costs ₹10 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  4. 4.One jute bag costs ₹56 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹24 to make one painted pebble. Kabir sells it for ₹42. What is the profit on one (in ₹)?
  6. 6.True or false: “what you paid for it” is the cost price. (a) True (b) False
  7. 7.One jute bag costs ₹17 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹18 to make one painted pebble. Farhan sells it for ₹23. What is the profit on one (in ₹)?
  9. 9.It costs ₹58 to make one cup of lemonade. Saanvi sells it for ₹74. What is the profit on one (in ₹)?
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.One jute bag costs ₹26 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹49 to make one clay diya. Dev sells it for ₹63. What is the profit on one (in ₹)?
  14. 14.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  16. 16.It costs ₹50 to make one paper bookmark. Lakshmi sells it for ₹69. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs Tara ₹23 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  19. 19.One fruit cup costs Joseph ₹43 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹59 to make one cup of lemonade. Riya sells it for ₹78. What is the profit on one (in ₹)?
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.Kabir makes 5 cupcakes at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  24. 24.Farhan makes 27 paper bookmarks at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  25. 25.It costs ₹41 to make one potted plant. Vihaan sells it for ₹55. What is the profit on one (in ₹)?
  26. 26.It costs ₹23 to make one painted pebble. On the last day Gurpreet sells it for only ₹21. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.Ishaan makes 11 clay diyas at a cost of ₹39 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  30. 30.It costs ₹42 to make one paper bookmark. Rohan sells it for ₹62. What is the profit on one (in ₹)?
  31. 31.Farhan makes 15 clay diyas at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  32. 32.It costs ₹6 to make one jute bag. Zoya sells it for ₹24. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  35. 35.It costs ₹51 to make one glass of chai. On the last day Ishaan sells it for only ₹42. How much is the loss on one (in ₹)?
  36. 36.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  37. 37.One jute bag costs Joseph ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Nisha makes 15 friendship bands at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) False (b) True
  40. 40.True or false: “money spent to get it” is the selling price. (a) True (b) False

Answer key

  1. 8
  2. 138
  3. 13
  4. 67
  5. 18
  6. True
  7. 22
  8. 5
  9. 16
  10. False
  11. selling price
  12. 36
  13. 14
  14. what the buyer pays
  15. selling price
  16. 19
  17. Profit
  18. SP more than CP
  19. Profit
  20. 19
  21. True
  22. False
  23. 70
  24. 162
  25. 14
  26. 2
  27. cost price
  28. False
  29. 55
  30. 20
  31. 165
  32. 18
  33. cost price
  34. True
  35. 9
  36. SP less than CP
  37. Loss
  38. 45
  39. False
  40. False

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