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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 381 · 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 Ananya ₹37 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One bag of popcorn costs Nisha ₹34 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.Meera makes 15 fruit cups at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  4. 4.Riya makes 9 cupcakes at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  10. 10.One potted plant costs ₹59 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.One cupcake costs Ishaan ₹54 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One paper bookmark costs Vihaan ₹19 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.One potted plant costs ₹36 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹36 to make one glass of chai. Lakshmi sells it for ₹44. What is the profit on one (in ₹)?
  15. 15.It costs ₹24 to make one cupcake. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  16. 16.It costs ₹21 to make one clay diya. On the last day Zoya sells it for only ₹14. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.Lakshmi makes 29 cupcakes at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  22. 22.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  23. 23.One cup of lemonade costs ₹54 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.One paper bookmark costs ₹23 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.It costs ₹13 to make one potted plant. On the last day Rohan sells it for only ₹6. How much is the loss on one (in ₹)?
  27. 27.One cup of lemonade costs Meera ₹39 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.Zoya makes 16 cupcakes at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.One jute bag costs Joseph ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “money spent to get it” is the selling price. (a) True (b) False
  32. 32.One cup of lemonade costs ₹31 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹21 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹16. How much is the loss on one (in ₹)?
  34. 34.Farhan makes 15 cupcakes at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.True or false: “money got from a sale” is the selling price. (a) True (b) False
  37. 37.It costs ₹23 to make one jute bag. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.Farhan makes 5 clay diyas at a cost of ₹5 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  40. 40.Zoya makes 7 glasses of chai at a cost of ₹17 each and sells all of them at ₹22 each. What is the total profit (in ₹)?

Answer key

  1. Loss
  2. Profit
  3. 30
  4. 36
  5. SP less than CP
  6. selling price
  7. False
  8. False
  9. SP more than CP
  10. 69
  11. Loss
  12. Loss
  13. 56
  14. 8
  15. 5
  16. 7
  17. selling price
  18. 261
  19. selling price
  20. cost price
  21. False
  22. what it cost you
  23. 67
  24. 25
  25. False
  26. 7
  27. Profit
  28. 208
  29. False
  30. Loss
  31. False
  32. 33
  33. 5
  34. 90
  35. cost price
  36. True
  37. 6
  38. selling price
  39. 65
  40. 35

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