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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 406 · 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 potted plant costs Meera ₹36 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  3. 3.It costs ₹15 to make one bag of popcorn. Nisha sells it for ₹24. What is the profit on one (in ₹)?
  4. 4.It costs ₹53 to make one handmade card. Vihaan sells it for ₹65. What is the profit on one (in ₹)?
  5. 5.Kavya makes 30 paper bookmarks at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  8. 8.It costs ₹23 to make one fruit cup. Aarav sells it for ₹33. What is the profit on one (in ₹)?
  9. 9.One cupcake costs ₹29 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  10. 10.One clay diya costs Kavya ₹47 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.True or false: “money spent to get it” is the cost price. (a) False (b) True
  12. 12.One friendship band costs Meera ₹40 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.Ishaan makes 27 painted pebbles at a cost of ₹7 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  14. 14.Tara makes 23 clay diyas at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) True (b) False
  16. 16.Ananya makes 23 fruit cups at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  17. 17.It costs ₹52 to make one handmade card. Dev sells it for ₹58. What is the profit on one (in ₹)?
  18. 18.Ananya makes 30 jute bags at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  19. 19.One fruit cup costs Dev ₹56 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.It costs ₹6 to make one bag of popcorn. Saanvi sells it for ₹15. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.One friendship band costs Meera ₹46 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.One painted pebble costs Kabir ₹55 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.It costs ₹9 to make one jute bag. Kabir sells it for ₹13. What is the profit on one (in ₹)?
  30. 30.Rohan makes 12 painted pebbles at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  31. 31.It costs ₹48 to make one bag of popcorn. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  32. 32.Kavya makes 24 glasses of chai at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.One potted plant costs ₹5 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹60 to make one jute bag. Arjun sells it for ₹75. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs Vihaan ₹32 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  39. 39.It costs ₹50 to make one handmade card. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  40. 40.It costs ₹19 to make one painted pebble. Riya sells it for ₹21. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. what it cost you
  3. 9
  4. 12
  5. 300
  6. cost price
  7. SP less than CP
  8. 10
  9. 45
  10. Loss
  11. True
  12. Loss
  13. 108
  14. 207
  15. True
  16. 345
  17. 6
  18. 450
  19. Loss
  20. SP more than CP
  21. cost price
  22. 9
  23. selling price
  24. Profit
  25. cost price
  26. Profit
  27. cost price
  28. True
  29. 4
  30. 60
  31. 3
  32. 192
  33. False
  34. 9
  35. 15
  36. Profit
  37. False
  38. False
  39. 3
  40. 2

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