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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 368 · 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 paper bookmark costs ₹33 to make. Tara wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹38 to make one potted plant. Nisha sells it for ₹54. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹39 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  4. 4.One cup of lemonade costs Arjun ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹56 to make one bag of popcorn. Saanvi sells it for ₹74. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.It costs ₹50 to make one handmade card. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  8. 8.Meera makes 22 potted plants at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  9. 9.It costs ₹43 to make one cupcake. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  12. 12.One potted plant costs Zoya ₹28 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹60 to make one paper bookmark. On the last day Gurpreet sells it for only ₹55. How much is the loss on one (in ₹)?
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  15. 15.Gurpreet makes 16 cups of lemonade at a cost of ₹28 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  16. 16.It costs ₹26 to make one friendship band. Vihaan sells it for ₹40. What is the profit on one (in ₹)?
  17. 17.It costs ₹22 to make one cupcake. On the last day Nisha sells it for only ₹21. How much is the loss on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.One clay diya costs Kavya ₹49 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Joseph makes 17 handmade cards at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  23. 23.True or false: “money spent to get it” is the cost price. (a) False (b) True
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.One painted pebble costs ₹46 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.One cup of lemonade costs ₹9 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹32 to make one painted pebble. Diya sells it for ₹34. What is the profit on one (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.One jute bag costs ₹48 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹47 to make one handmade card. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  33. 33.It costs ₹8 to make one potted plant. Kabir sells it for ₹18. What is the profit on one (in ₹)?
  34. 34.True or false: “cost of making one” is the selling price. (a) False (b) True
  35. 35.Gurpreet makes 7 bags of popcorn at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  36. 36.Gurpreet makes 8 paper bookmarks at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  37. 37.Farhan makes 14 paper bookmarks at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  38. 38.It costs ₹50 to make one jute bag. On the last day Nisha sells it for only ₹46. How much is the loss on one (in ₹)?
  39. 39.It costs ₹22 to make one cupcake. Saanvi sells it for ₹38. What is the profit on one (in ₹)?
  40. 40.It costs ₹24 to make one fruit cup. On the last day Nisha sells it for only ₹20. How much is the loss on one (in ₹)?

Answer key

  1. 46
  2. 16
  3. 44
  4. Loss
  5. 18
  6. selling price
  7. 8
  8. 44
  9. 4
  10. selling price
  11. what it cost you
  12. Profit
  13. 5
  14. SP more than CP
  15. 80
  16. 14
  17. 1
  18. True
  19. False
  20. cost price
  21. Loss
  22. 68
  23. True
  24. False
  25. 58
  26. cost price
  27. 29
  28. 2
  29. False
  30. selling price
  31. 50
  32. 5
  33. 10
  34. False
  35. 7
  36. 120
  37. 112
  38. 4
  39. 16
  40. 4

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