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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 390 · 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.Ishaan makes 26 potted plants at a cost of ₹27 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.One bag of popcorn costs Rohan ₹40 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  8. 8.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  9. 9.It costs ₹27 to make one painted pebble. On the last day Kabir sells it for only ₹25. How much is the loss on one (in ₹)?
  10. 10.It costs ₹18 to make one paper bookmark. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  11. 11.It costs ₹52 to make one painted pebble. Ishaan sells it for ₹61. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹33 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  13. 13.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  14. 14.It costs ₹40 to make one friendship band. Aarav sells it for ₹57. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹29 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹49 to make one potted plant. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  17. 17.It costs ₹44 to make one potted plant. Vihaan sells it for ₹59. What is the profit on one (in ₹)?
  18. 18.It costs ₹7 to make one jute bag. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.Farhan makes 18 clay diyas at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  21. 21.It costs ₹49 to make one fruit cup. Meera sells it for ₹55. What is the profit on one (in ₹)?
  22. 22.It costs ₹43 to make one jute bag. On the last day Kavya sells it for only ₹39. How much is the loss on one (in ₹)?
  23. 23.It costs ₹53 to make one handmade card. On the last day Meera sells it for only ₹47. How much is the loss on one (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.It costs ₹36 to make one clay diya. Ishaan sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.It costs ₹52 to make one paper bookmark. Kabir sells it for ₹59. What is the profit on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) True (b) False
  28. 28.One bag of popcorn costs ₹34 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  30. 30.It costs ₹18 to make one fruit cup. Lakshmi sells it for ₹21. What is the profit on one (in ₹)?
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  33. 33.One cupcake costs ₹41 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.One bag of popcorn costs ₹18 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.One jute bag costs Farhan ₹19 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.One paper bookmark costs ₹55 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  39. 39.Kavya makes 15 fruit cups at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. 286
  2. selling price
  3. cost price
  4. cost price
  5. Loss
  6. cost price
  7. what it cost you
  8. SP more than CP
  9. 2
  10. 4
  11. 9
  12. 35
  13. what the buyer pays
  14. 17
  15. 41
  16. 3
  17. 15
  18. 13
  19. True
  20. 270
  21. 6
  22. 4
  23. 6
  24. True
  25. 8
  26. 7
  27. False
  28. 44
  29. True
  30. 3
  31. False
  32. SP less than CP
  33. 57
  34. 31
  35. cost price
  36. Loss
  37. False
  38. 58
  39. 225
  40. selling price

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