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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 376 · 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 painted pebble costs Dev ₹34 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One bag of popcorn costs ₹33 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  4. 4.It costs ₹9 to make one fruit cup. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  5. 5.It costs ₹63 to make one fruit cup. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.It costs ₹48 to make one cupcake. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  8. 8.It costs ₹32 to make one bag of popcorn. Saanvi sells it for ₹48. What is the profit on one (in ₹)?
  9. 9.True or false: “money spent to get it” is the cost price. (a) True (b) False
  10. 10.It costs ₹25 to make one cupcake. On the last day Diya sells it for only ₹18. How much is the loss on one (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.It costs ₹18 to make one handmade card. Farhan sells it for ₹27. What is the profit on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  14. 14.One paper bookmark costs ₹23 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹46 to make one paper bookmark. On the last day Ananya sells it for only ₹43. How much is the loss on one (in ₹)?
  16. 16.Kabir makes 12 friendship bands at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.It costs ₹30 to make one painted pebble. On the last day Meera sells it for only ₹28. How much is the loss on one (in ₹)?
  19. 19.One clay diya costs ₹35 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.It costs ₹66 to make one jute bag. On the last day Lakshmi sells it for only ₹57. How much is the loss on one (in ₹)?
  24. 24.It costs ₹27 to make one clay diya. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  25. 25.One jute bag costs Ananya ₹42 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Kavya makes 26 friendship bands at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  27. 27.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  28. 28.It costs ₹44 to make one painted pebble. Zoya sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹48 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  31. 31.One paper bookmark costs Zoya ₹56 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One cupcake costs Rohan ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.It costs ₹60 to make one cup of lemonade. On the last day Farhan sells it for only ₹56. How much is the loss on one (in ₹)?
  35. 35.True or false: “what you paid for it” is the selling price. (a) False (b) True
  36. 36.It costs ₹53 to make one friendship band. Lakshmi sells it for ₹56. What is the profit on one (in ₹)?
  37. 37.True or false: “money got from a sale” is the cost price. (a) False (b) True
  38. 38.One clay diya costs ₹44 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.One handmade card costs ₹26 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹32 to make one bag of popcorn. Nisha sells it for ₹40. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. 36
  3. what it cost you
  4. 12
  5. 8
  6. selling price
  7. 10
  8. 16
  9. True
  10. 7
  11. True
  12. 9
  13. False
  14. 33
  15. 3
  16. 12
  17. selling price
  18. 2
  19. 47
  20. True
  21. cost price
  22. selling price
  23. 9
  24. 20
  25. Profit
  26. 182
  27. what the buyer pays
  28. 9
  29. 66
  30. SP more than CP
  31. Profit
  32. Profit
  33. selling price
  34. 4
  35. False
  36. 3
  37. False
  38. 50
  39. 45
  40. 8

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