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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 43 · 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 ₹8 to make one handmade card. On the last day Vihaan sells it for only ₹5. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.Nisha makes 12 handmade cards at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  4. 4.It costs ₹45 to make one bag of popcorn. On the last day Joseph sells it for only ₹38. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.It costs ₹50 to make one cupcake. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  8. 8.One bag of popcorn costs ₹37 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.One glass of chai costs Gurpreet ₹60 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹49 to make one painted pebble. Kabir sells it for ₹53. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  13. 13.One jute bag costs ₹22 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹28 to make one potted plant. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.One handmade card costs ₹7 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹44 to make one cup of lemonade. On the last day Ananya sells it for only ₹37. How much is the loss on one (in ₹)?
  21. 21.One glass of chai costs Ananya ₹28 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  23. 23.One friendship band costs Tara ₹16 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Zoya makes 16 paper bookmarks at a cost of ₹40 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  25. 25.It costs ₹35 to make one paper bookmark. Kabir sells it for ₹53. What is the profit on one (in ₹)?
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.One cup of lemonade costs Meera ₹28 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹57 to make one bag of popcorn. On the last day Rohan sells it for only ₹51. How much is the loss on one (in ₹)?
  29. 29.Zoya makes 18 handmade cards at a cost of ₹25 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  30. 30.One handmade card costs Lakshmi ₹18 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.One jute bag costs ₹58 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  35. 35.One cupcake costs Arjun ₹30 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  37. 37.One bag of popcorn costs Ananya ₹47 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “the price you sell at” is the cost price. (a) False (b) True
  39. 39.It costs ₹12 to make one handmade card. On the last day Gurpreet sells it for only ₹5. How much is the loss on one (in ₹)?
  40. 40.Riya makes 13 friendship bands at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?

Answer key

  1. 3
  2. cost price
  3. 132
  4. 7
  5. cost price
  6. 6
  7. SP less than CP
  8. 41
  9. Loss
  10. selling price
  11. 4
  12. selling price
  13. 29
  14. 9
  15. what it cost you
  16. selling price
  17. selling price
  18. cost price
  19. 8
  20. 7
  21. Loss
  22. what the buyer pays
  23. Loss
  24. 176
  25. 18
  26. False
  27. Loss
  28. 6
  29. 180
  30. Loss
  31. False
  32. 64
  33. cost price
  34. False
  35. Profit
  36. SP more than CP
  37. Profit
  38. False
  39. 7
  40. 117

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