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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 374 · 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 ₹31 to make one cupcake. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  2. 2.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.One paper bookmark costs Arjun ₹57 to make and sells for ₹72. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One bag of popcorn costs ₹19 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  8. 8.True or false: “what you paid for it” is the cost price. (a) False (b) True
  9. 9.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.It costs ₹49 to make one jute bag. Ishaan sells it for ₹68. What is the profit on one (in ₹)?
  13. 13.It costs ₹17 to make one potted plant. Kabir sells it for ₹19. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs Diya ₹53 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “what a customer pays” is the cost price. (a) False (b) True
  16. 16.It costs ₹51 to make one bag of popcorn. On the last day Rohan sells it for only ₹44. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.It costs ₹28 to make one glass of chai. On the last day Aarav sells it for only ₹22. How much is the loss on one (in ₹)?
  19. 19.One bag of popcorn costs Rohan ₹49 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹14 to make one painted pebble. Diya sells it for ₹29. What is the profit on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.It costs ₹55 to make one jute bag. On the last day Tara sells it for only ₹45. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  26. 26.One potted plant costs ₹28 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.One cup of lemonade costs Aarav ₹57 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹66 to make one friendship band. On the last day Diya sells it for only ₹59. How much is the loss on one (in ₹)?
  29. 29.Tara makes 15 fruit cups at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  30. 30.It costs ₹37 to make one clay diya. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  31. 31.Farhan makes 5 potted plants at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  32. 32.One fruit cup costs Kabir ₹47 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One potted plant costs ₹51 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.Vihaan makes 13 cupcakes at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  35. 35.It costs ₹23 to make one jute bag. Arjun sells it for ₹25. What is the profit on one (in ₹)?
  36. 36.Zoya makes 17 friendship bands at a cost of ₹26 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  37. 37.One bag of popcorn costs ₹20 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹25 to make one painted pebble. On the last day Zoya sells it for only ₹22. How much is the loss on one (in ₹)?
  39. 39.One glass of chai costs ₹32 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.One bag of popcorn costs ₹8 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?

Answer key

  1. 8
  2. SP more than CP
  3. cost price
  4. Profit
  5. 26
  6. selling price
  7. SP less than CP
  8. True
  9. what the buyer pays
  10. selling price
  11. False
  12. 19
  13. 2
  14. Loss
  15. False
  16. 7
  17. cost price
  18. 6
  19. Loss
  20. 15
  21. False
  22. cost price
  23. False
  24. 10
  25. what it cost you
  26. 30
  27. Profit
  28. 7
  29. 45
  30. 3
  31. 20
  32. Loss
  33. 56
  34. 26
  35. 2
  36. 119
  37. 29
  38. 3
  39. 35
  40. 9

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