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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 410 · 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.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  2. 2.One fruit cup costs Saanvi ₹16 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One cup of lemonade costs Vihaan ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One clay diya costs Kabir ₹28 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One friendship band costs Joseph ₹56 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  7. 7.It costs ₹26 to make one glass of chai. On the last day Kavya sells it for only ₹17. How much is the loss on one (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  10. 10.Arjun makes 10 handmade cards at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.It costs ₹10 to make one painted pebble. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.It costs ₹55 to make one cup of lemonade. Joseph sells it for ₹65. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹50 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.It costs ₹17 to make one painted pebble. Kavya sells it for ₹23. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹46 to make. Ishaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.Kabir makes 16 bags of popcorn at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  22. 22.Arjun makes 12 painted pebbles at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  23. 23.Gurpreet makes 17 jute bags at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  24. 24.It costs ₹15 to make one fruit cup. Arjun sells it for ₹26. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹30 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.One jute bag costs Aarav ₹57 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “what a customer pays” is the cost price. (a) True (b) False
  30. 30.It costs ₹7 to make one glass of chai. Kavya sells it for ₹13. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs Joseph ₹59 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹33 to make one paper bookmark. Nisha sells it for ₹50. What is the profit on one (in ₹)?
  33. 33.Rohan makes 30 painted pebbles at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  34. 34.It costs ₹17 to make one painted pebble. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.It costs ₹39 to make one glass of chai. On the last day Farhan sells it for only ₹30. How much is the loss on one (in ₹)?
  37. 37.It costs ₹16 to make one fruit cup. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  38. 38.One painted pebble costs Meera ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.Saanvi makes 14 bags of popcorn at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  40. 40.It costs ₹52 to make one fruit cup. On the last day Arjun sells it for only ₹46. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. Profit
  3. Loss
  4. Loss
  5. Profit
  6. what the buyer pays
  7. 9
  8. SP more than CP
  9. False
  10. 60
  11. False
  12. 14
  13. cost price
  14. 10
  15. 63
  16. True
  17. SP less than CP
  18. True
  19. 6
  20. 55
  21. 176
  22. 180
  23. 85
  24. 11
  25. 38
  26. selling price
  27. selling price
  28. Loss
  29. False
  30. 6
  31. Loss
  32. 17
  33. 90
  34. 3
  35. cost price
  36. 9
  37. 4
  38. Loss
  39. 182
  40. 6

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