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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 418 · 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: money got from a sale? (a) cost price (b) selling price
  2. 2.One painted pebble costs Meera ₹49 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One cupcake costs ₹8 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹8 to make one fruit cup. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?
  5. 5.True or false: “cost of making one” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  7. 7.One painted pebble costs ₹9 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹11 to make one bag of popcorn. Kabir sells it for ₹26. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs Lakshmi ₹44 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹11 to make one paper bookmark. Vihaan sells it for ₹22. What is the profit on one (in ₹)?
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  12. 12.It costs ₹34 to make one potted plant. Lakshmi sells it for ₹51. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹5 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  16. 16.One handmade card costs ₹5 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹7 to make one cup of lemonade. Farhan sells it for ₹21. What is the profit on one (in ₹)?
  18. 18.Diya makes 21 cupcakes at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  19. 19.It costs ₹37 to make one jute bag. Diya sells it for ₹44. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs Saanvi ₹21 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹44 to make one bag of popcorn. On the last day Kavya sells it for only ₹43. How much is the loss on one (in ₹)?
  22. 22.It costs ₹47 to make one cup of lemonade. Aarav sells it for ₹49. What is the profit on one (in ₹)?
  23. 23.Arjun makes 12 bags of popcorn at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  24. 24.One handmade card costs Lakshmi ₹16 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  26. 26.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.Lakshmi makes 19 handmade cards at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  29. 29.It costs ₹25 to make one paper bookmark. On the last day Saanvi sells it for only ₹22. How much is the loss on one (in ₹)?
  30. 30.It costs ₹41 to make one jute bag. On the last day Diya sells it for only ₹39. How much is the loss on one (in ₹)?
  31. 31.One paper bookmark costs Arjun ₹36 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One friendship band costs ₹6 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  33. 33.Aarav makes 15 potted plants at a cost of ₹23 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.Rohan makes 9 handmade cards at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  37. 37.It costs ₹54 to make one cupcake. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  38. 38.It costs ₹57 to make one glass of chai. On the last day Ishaan sells it for only ₹56. How much is the loss on one (in ₹)?
  39. 39.One cupcake costs ₹12 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.Zoya makes 19 painted pebbles at a cost of ₹36 each and sells all of them at ₹43 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. Profit
  3. 25
  4. 2
  5. False
  6. what it cost you
  7. 15
  8. 15
  9. Loss
  10. 11
  11. SP more than CP
  12. 17
  13. 17
  14. False
  15. what the buyer pays
  16. 12
  17. 14
  18. 105
  19. 7
  20. Profit
  21. 1
  22. 2
  23. 60
  24. Loss
  25. cost price
  26. SP less than CP
  27. False
  28. 38
  29. 3
  30. 2
  31. Profit
  32. 25
  33. 135
  34. selling price
  35. True
  36. 18
  37. 2
  38. 1
  39. 15
  40. 133

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