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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 399 · 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 ₹48 to make one fruit cup. Tara sells it for ₹58. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.It costs ₹22 to make one bag of popcorn. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  4. 4.Gurpreet makes 18 clay diyas at a cost of ₹5 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.It costs ₹51 to make one paper bookmark. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  7. 7.It costs ₹60 to make one handmade card. Gurpreet sells it for ₹64. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.One friendship band costs Dev ₹34 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹13 to make one paper bookmark. Lakshmi sells it for ₹17. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.One glass of chai costs ₹45 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹38 to make one cup of lemonade. On the last day Zoya sells it for only ₹35. How much is the loss on one (in ₹)?
  14. 14.Meera makes 23 clay diyas at a cost of ₹38 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  15. 15.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  16. 16.It costs ₹39 to make one painted pebble. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  17. 17.It costs ₹24 to make one painted pebble. On the last day Arjun sells it for only ₹15. How much is the loss on one (in ₹)?
  18. 18.Diya makes 24 friendship bands at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  19. 19.It costs ₹60 to make one cupcake. Lakshmi sells it for ₹71. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  21. 21.Nisha makes 12 paper bookmarks at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  22. 22.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  23. 23.Vihaan makes 6 bags of popcorn at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  24. 24.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  25. 25.It costs ₹48 to make one painted pebble. Kabir sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.It costs ₹52 to make one painted pebble. Meera sells it for ₹54. What is the profit on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  29. 29.Ananya makes 23 potted plants at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  30. 30.One cupcake costs Arjun ₹45 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹9 to make one cup of lemonade. Ananya sells it for ₹16. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs Zoya ₹45 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One handmade card costs ₹7 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  34. 34.One glass of chai costs ₹19 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) True (b) False
  36. 36.It costs ₹31 to make one jute bag. On the last day Diya sells it for only ₹24. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  40. 40.It costs ₹25 to make one clay diya. Arjun sells it for ₹39. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. selling price
  3. 2
  4. 234
  5. False
  6. 4
  7. 4
  8. cost price
  9. Profit
  10. 4
  11. cost price
  12. 59
  13. 3
  14. 92
  15. SP less than CP
  16. 19
  17. 9
  18. 48
  19. 11
  20. what it cost you
  21. 12
  22. what the buyer pays
  23. 24
  24. SP more than CP
  25. 8
  26. 2
  27. False
  28. cost price
  29. 230
  30. Profit
  31. 7
  32. Profit
  33. 18
  34. 39
  35. True
  36. 7
  37. cost price
  38. False
  39. selling price
  40. 14

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