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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 346 · 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 ₹39 to make one paper bookmark. Rohan sells it for ₹49. What is the profit on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  3. 3.Kabir makes 17 fruit cups at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  4. 4.True or false: “the price on your board” is the cost price. (a) False (b) True
  5. 5.True or false: “cost of making one” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.One paper bookmark costs ₹10 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “money spent to get it” is the cost price. (a) False (b) True
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  11. 11.Dev makes 15 handmade cards at a cost of ₹24 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  12. 12.It costs ₹43 to make one handmade card. Ananya sells it for ₹48. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “what a customer pays” is the selling price. (a) False (b) True
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.Kabir makes 8 cups of lemonade at a cost of ₹9 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  17. 17.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.Vihaan makes 18 cupcakes at a cost of ₹24 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  21. 21.It costs ₹23 to make one fruit cup. Rohan sells it for ₹34. What is the profit on one (in ₹)?
  22. 22.Riya makes 26 potted plants at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  23. 23.It costs ₹8 to make one cup of lemonade. Farhan sells it for ₹24. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.Vihaan makes 17 painted pebbles at a cost of ₹37 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  28. 28.Ananya makes 11 potted plants at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.It costs ₹60 to make one clay diya. On the last day Arjun sells it for only ₹52. How much is the loss on one (in ₹)?
  31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
  32. 32.Kabir makes 18 glasses of chai at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.It costs ₹37 to make one cup of lemonade. On the last day Dev sells it for only ₹35. How much is the loss on one (in ₹)?
  34. 34.One clay diya costs ₹44 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹55 to make one paper bookmark. On the last day Ishaan sells it for only ₹49. How much is the loss on one (in ₹)?
  36. 36.One painted pebble costs ₹45 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹10 to make one handmade card. Zoya sells it for ₹29. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs Zoya ₹30 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.Saanvi makes 5 painted pebbles at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  40. 40.It costs ₹5 to make one painted pebble. Ananya sells it for ₹8. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. SP less than CP
  3. 221
  4. False
  5. True
  6. selling price
  7. 11
  8. True
  9. False
  10. SP more than CP
  11. 90
  12. 5
  13. selling price
  14. True
  15. False
  16. 32
  17. what the buyer pays
  18. cost price
  19. 108
  20. selling price
  21. 11
  22. 156
  23. 16
  24. cost price
  25. 153
  26. cost price
  27. what it cost you
  28. 11
  29. cost price
  30. 8
  31. True
  32. 162
  33. 2
  34. 55
  35. 6
  36. 60
  37. 19
  38. Profit
  39. 5
  40. 3

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