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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 363 · 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.True or false: “cost of making one” is the cost price. (a) True (b) False
  2. 2.It costs ₹24 to make one paper bookmark. Gurpreet sells it for ₹38. What is the profit on one (in ₹)?
  3. 3.It costs ₹66 to make one paper bookmark. On the last day Saanvi sells it for only ₹59. How much is the loss on one (in ₹)?
  4. 4.One bag of popcorn costs Kavya ₹46 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹35 to make one bag of popcorn. On the last day Ishaan sells it for only ₹27. How much is the loss on one (in ₹)?
  6. 6.True or false: “money got from a sale” is the cost price. (a) False (b) True
  7. 7.One cupcake costs ₹13 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  8. 8.One friendship band costs ₹54 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  10. 10.It costs ₹46 to make one cup of lemonade. Farhan sells it for ₹54. What is the profit on one (in ₹)?
  11. 11.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  12. 12.True or false: “the price on your board” is the cost price. (a) True (b) False
  13. 13.One friendship band costs Tara ₹55 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One cup of lemonade costs ₹49 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.One painted pebble costs ₹21 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.One handmade card costs ₹50 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹48 to make one glass of chai. On the last day Zoya sells it for only ₹40. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  21. 21.Gurpreet makes 8 painted pebbles at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  22. 22.Rohan makes 14 friendship bands at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  23. 23.One clay diya costs Lakshmi ₹24 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹13 to make one clay diya. Kavya sells it for ₹17. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs Arjun ₹19 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “what a customer pays” is the selling price. (a) True (b) False
  27. 27.It costs ₹15 to make one handmade card. On the last day Saanvi sells it for only ₹5. How much is the loss on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) True (b) False
  29. 29.Lakshmi makes 25 cupcakes at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  30. 30.Lakshmi makes 16 bags of popcorn at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.One painted pebble costs Kabir ₹49 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One painted pebble costs Riya ₹59 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One cup of lemonade costs ₹36 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.One glass of chai costs ₹35 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹31 to make one friendship band. Tara sells it for ₹33. What is the profit on one (in ₹)?
  37. 37.Ishaan makes 27 cupcakes at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  38. 38.It costs ₹49 to make one painted pebble. On the last day Dev sells it for only ₹39. How much is the loss on one (in ₹)?
  39. 39.It costs ₹15 to make one potted plant. Lakshmi sells it for ₹22. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs Lakshmi ₹17 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. True
  2. 14
  3. 7
  4. Loss
  5. 8
  6. False
  7. 22
  8. 63
  9. selling price
  10. 8
  11. what the buyer pays
  12. False
  13. Profit
  14. 55
  15. selling price
  16. 24
  17. 67
  18. 8
  19. selling price
  20. SP more than CP
  21. 72
  22. 84
  23. Loss
  24. 4
  25. Loss
  26. True
  27. 10
  28. False
  29. 275
  30. 208
  31. cost price
  32. Profit
  33. Profit
  34. 53
  35. 46
  36. 2
  37. 81
  38. 10
  39. 7
  40. Profit

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