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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 383 · 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 ₹19 to make one paper bookmark. Aarav sells it for ₹22. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  3. 3.Tara makes 12 painted pebbles at a cost of ₹6 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  5. 5.Dev makes 22 potted plants at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  6. 6.One clay diya costs Zoya ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.One handmade card costs Ishaan ₹58 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.It costs ₹38 to make one fruit cup. Meera sells it for ₹43. What is the profit on one (in ₹)?
  12. 12.Kabir makes 13 friendship bands at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  13. 13.True or false: “the price on your board” is the cost price. (a) False (b) True
  14. 14.It costs ₹54 to make one cup of lemonade. Gurpreet sells it for ₹59. What is the profit on one (in ₹)?
  15. 15.It costs ₹22 to make one glass of chai. On the last day Rohan sells it for only ₹14. How much is the loss on one (in ₹)?
  16. 16.One cup of lemonade costs ₹34 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.One potted plant costs ₹10 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.It costs ₹13 to make one glass of chai. On the last day Vihaan sells it for only ₹10. How much is the loss on one (in ₹)?
  22. 22.It costs ₹17 to make one glass of chai. Aarav sells it for ₹28. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹24 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  24. 24.Saanvi makes 14 handmade cards at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  25. 25.It costs ₹47 to make one potted plant. Zoya sells it for ₹65. What is the profit on one (in ₹)?
  26. 26.It costs ₹36 to make one bag of popcorn. Meera sells it for ₹44. What is the profit on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.It costs ₹40 to make one clay diya. On the last day Dev sells it for only ₹38. How much is the loss on one (in ₹)?
  29. 29.One handmade card costs ₹17 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  30. 30.Ananya makes 7 cupcakes at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  31. 31.One handmade card costs ₹52 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹53 to make one handmade card. Kabir sells it for ₹59. What is the profit on one (in ₹)?
  33. 33.It costs ₹54 to make one handmade card. Arjun sells it for ₹57. What is the profit on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  37. 37.It costs ₹50 to make one painted pebble. Arjun sells it for ₹68. What is the profit on one (in ₹)?
  38. 38.True or false: “the price you sell at” is the selling price. (a) True (b) False
  39. 39.It costs ₹40 to make one paper bookmark. Rohan sells it for ₹45. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹32 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?

Answer key

  1. 3
  2. SP more than CP
  3. 72
  4. what it cost you
  5. 242
  6. Profit
  7. what the buyer pays
  8. cost price
  9. selling price
  10. Profit
  11. 5
  12. 169
  13. False
  14. 5
  15. 8
  16. 40
  17. False
  18. 11
  19. selling price
  20. cost price
  21. 3
  22. 11
  23. 40
  24. 28
  25. 18
  26. 8
  27. True
  28. 2
  29. 26
  30. 91
  31. 53
  32. 6
  33. 3
  34. True
  35. False
  36. False
  37. 18
  38. True
  39. 5
  40. 41

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