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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 4 · 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.

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  1. 1.It costs ₹56 to make one painted pebble. On the last day Kabir sells it for only ₹54. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.Saanvi makes 12 bags of popcorn at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  7. 7.True or false: “the price on your board” is the selling price. (a) False (b) True
  8. 8.It costs ₹42 to make one painted pebble. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.It costs ₹16 to make one bag of popcorn. Ishaan sells it for ₹24. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs Rohan ₹56 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.Gurpreet makes 10 glasses of chai at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  13. 13.True or false: “the price you sell at” is the selling price. (a) False (b) True
  14. 14.Ananya makes 30 jute bags at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  15. 15.It costs ₹7 to make one jute bag. Joseph sells it for ₹13. What is the profit on one (in ₹)?
  16. 16.One handmade card costs Riya ₹26 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One cupcake costs ₹16 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  18. 18.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  19. 19.It costs ₹65 to make one paper bookmark. On the last day Kabir sells it for only ₹55. How much is the loss on one (in ₹)?
  20. 20.One paper bookmark costs ₹29 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.Ananya makes 26 potted plants at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  22. 22.It costs ₹35 to make one glass of chai. On the last day Kavya sells it for only ₹27. How much is the loss on one (in ₹)?
  23. 23.It costs ₹13 to make one cupcake. Arjun sells it for ₹30. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹16 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.One potted plant costs ₹42 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.It costs ₹17 to make one clay diya. Joseph sells it for ₹36. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.It costs ₹21 to make one potted plant. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.Riya makes 5 handmade cards at a cost of ₹40 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  33. 33.It costs ₹26 to make one painted pebble. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  34. 34.It costs ₹19 to make one fruit cup. On the last day Aarav sells it for only ₹18. How much is the loss on one (in ₹)?
  35. 35.True or false: “money spent to get it” is the selling price. (a) False (b) True
  36. 36.One glass of chai costs ₹20 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  38. 38.One fruit cup costs Ishaan ₹47 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.Meera makes 13 handmade cards at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price

Answer key

  1. 2
  2. cost price
  3. 120
  4. what it cost you
  5. selling price
  6. what the buyer pays
  7. True
  8. 16
  9. False
  10. 8
  11. Loss
  12. 70
  13. True
  14. 60
  15. 6
  16. Profit
  17. 20
  18. SP less than CP
  19. 10
  20. 43
  21. 104
  22. 8
  23. 17
  24. 34
  25. 45
  26. selling price
  27. True
  28. 19
  29. True
  30. 2
  31. cost price
  32. 20
  33. 4
  34. 1
  35. False
  36. 27
  37. selling price
  38. Profit
  39. 169
  40. cost price

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