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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 427 · 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 ₹51 to make one friendship band. On the last day Diya sells it for only ₹48. 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.Meera makes 25 handmade cards at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  4. 4.It costs ₹39 to make one potted plant. Joseph sells it for ₹41. What is the profit on one (in ₹)?
  5. 5.It costs ₹20 to make one paper bookmark. Farhan sells it for ₹24. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹42 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  7. 7.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  8. 8.True or false: “cost of making one” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.One paper bookmark costs Rohan ₹55 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One glass of chai costs Kabir ₹35 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.It costs ₹49 to make one painted pebble. On the last day Saanvi sells it for only ₹43. How much is the loss on one (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  15. 15.It costs ₹19 to make one potted plant. On the last day Nisha sells it for only ₹13. How much is the loss on one (in ₹)?
  16. 16.One cupcake costs Lakshmi ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹10 to make one cupcake. On the last day Kavya sells it for only ₹8. How much is the loss on one (in ₹)?
  18. 18.It costs ₹5 to make one jute bag. Gurpreet sells it for ₹10. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹33 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  20. 20.Rohan makes 14 clay diyas at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  21. 21.One glass of chai costs Arjun ₹39 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Aarav makes 11 cups of lemonade at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
  24. 24.Diya makes 17 cups of lemonade at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  25. 25.It costs ₹47 to make one potted plant. On the last day Rohan sells it for only ₹39. How much is the loss on one (in ₹)?
  26. 26.One potted plant costs ₹49 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.True or false: “the price on your board” is the cost price. (a) True (b) False
  29. 29.One glass of chai costs Ananya ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹10 to make one jute bag. Ishaan sells it for ₹19. What is the profit on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.True or false: “money got from a sale” is the selling price. (a) True (b) False
  34. 34.It costs ₹11 to make one cupcake. On the last day Meera sells it for only ₹10. How much is the loss on one (in ₹)?
  35. 35.True or false: “money got from a sale” is the cost price. (a) False (b) True
  36. 36.It costs ₹54 to make one cupcake. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  37. 37.Gurpreet makes 18 cups of lemonade at a cost of ₹16 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  39. 39.True or false: “what you paid for it” is the cost price. (a) True (b) False
  40. 40.One paper bookmark costs Tara ₹28 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 3
  2. cost price
  3. 150
  4. 2
  5. 4
  6. 56
  7. SP more than CP
  8. False
  9. cost price
  10. Profit
  11. Profit
  12. selling price
  13. 6
  14. SP less than CP
  15. 6
  16. Profit
  17. 2
  18. 5
  19. 51
  20. 196
  21. Loss
  22. 154
  23. False
  24. 68
  25. 8
  26. 51
  27. True
  28. False
  29. Loss
  30. 9
  31. True
  32. False
  33. True
  34. 1
  35. False
  36. 7
  37. 162
  38. cost price
  39. True
  40. Loss

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