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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 354 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.One cup of lemonade costs ₹28 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  3. 3.One friendship band costs ₹5 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.One bag of popcorn costs ₹23 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹47 to make one paper bookmark. On the last day Rohan sells it for only ₹46. How much is the loss on one (in ₹)?
  7. 7.One potted plant costs ₹45 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  8. 8.Aarav makes 14 clay diyas at a cost of ₹28 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  9. 9.It costs ₹8 to make one friendship band. On the last day Arjun sells it for only ₹7. How much is the loss on one (in ₹)?
  10. 10.It costs ₹14 to make one cupcake. On the last day Arjun sells it for only ₹6. How much is the loss on one (in ₹)?
  11. 11.Nisha makes 19 cupcakes at a cost of ₹6 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.True or false: “what a customer pays” is the selling price. (a) True (b) False
  14. 14.It costs ₹54 to make one potted plant. On the last day Kabir sells it for only ₹51. How much is the loss on one (in ₹)?
  15. 15.It costs ₹52 to make one paper bookmark. Diya sells it for ₹53. What is the profit on one (in ₹)?
  16. 16.Kabir makes 17 handmade cards at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.It costs ₹13 to make one handmade card. On the last day Kavya sells it for only ₹9. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  19. 19.It costs ₹31 to make one cupcake. On the last day Nisha sells it for only ₹30. How much is the loss on one (in ₹)?
  20. 20.One fruit cup costs Dev ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.Kabir makes 23 potted plants at a cost of ₹30 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  23. 23.Meera makes 19 friendship bands at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  24. 24.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  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.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.It costs ₹34 to make one cupcake. Vihaan sells it for ₹50. What is the profit on one (in ₹)?
  28. 28.One clay diya costs Diya ₹49 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  31. 31.One cup of lemonade costs ₹14 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.True or false: “what you paid for it” is the selling price. (a) True (b) False
  34. 34.It costs ₹43 to make one handmade card. Nisha sells it for ₹53. What is the profit on one (in ₹)?
  35. 35.It costs ₹11 to make one cup of lemonade. Diya sells it for ₹13. What is the profit on one (in ₹)?
  36. 36.It costs ₹15 to make one jute bag. On the last day Nisha sells it for only ₹5. How much is the loss on one (in ₹)?
  37. 37.One paper bookmark costs Kavya ₹30 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹15 to make one jute bag. Lakshmi sells it for ₹17. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP

Answer key

  1. selling price
  2. 37
  3. 24
  4. selling price
  5. 26
  6. 1
  7. 63
  8. 196
  9. 1
  10. 8
  11. 95
  12. True
  13. True
  14. 3
  15. 1
  16. 170
  17. 4
  18. what it cost you
  19. 1
  20. Profit
  21. cost price
  22. 46
  23. 38
  24. what the buyer pays
  25. SP less than CP
  26. True
  27. 16
  28. Loss
  29. cost price
  30. cost price
  31. 16
  32. False
  33. False
  34. 10
  35. 2
  36. 10
  37. Profit
  38. 2
  39. cost price
  40. SP more than CP

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