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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 436 · 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 painted pebble costs Kabir ₹46 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  3. 3.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  4. 4.One clay diya costs Ishaan ₹54 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹35 to make one friendship band. Vihaan sells it for ₹47. What is the profit on one (in ₹)?
  6. 6.It costs ₹28 to make one glass of chai. On the last day Riya sells it for only ₹27. How much is the loss on one (in ₹)?
  7. 7.Rohan makes 13 cupcakes at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  8. 8.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  10. 10.True or false: “money got from a sale” is the selling price. (a) True (b) False
  11. 11.It costs ₹69 to make one painted pebble. On the last day Saanvi sells it for only ₹59. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.Nisha makes 28 clay diyas at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  16. 16.One jute bag costs Diya ₹44 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.It costs ₹32 to make one paper bookmark. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  18. 18.It costs ₹17 to make one painted pebble. Zoya sells it for ₹34. What is the profit on one (in ₹)?
  19. 19.One jute bag costs Meera ₹28 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One bag of popcorn costs Joseph ₹18 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.Gurpreet makes 11 bags of popcorn at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  22. 22.One jute bag costs ₹23 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹53 to make one paper bookmark. Rohan sells it for ₹66. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.One glass of chai costs Ananya ₹34 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  27. 27.It costs ₹17 to make one handmade card. Saanvi sells it for ₹36. What is the profit on one (in ₹)?
  28. 28.It costs ₹39 to make one bag of popcorn. Tara sells it for ₹42. What is the profit on one (in ₹)?
  29. 29.True or false: “what a customer pays” is the selling price. (a) True (b) False
  30. 30.It costs ₹6 to make one painted pebble. Rohan sells it for ₹20. What is the profit on one (in ₹)?
  31. 31.It costs ₹50 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹49. How much is the loss on one (in ₹)?
  32. 32.Tara makes 26 cups of lemonade at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  33. 33.It costs ₹60 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹51. How much is the loss on one (in ₹)?
  34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
  35. 35.It costs ₹14 to make one handmade card. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  36. 36.It costs ₹37 to make one friendship band. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  37. 37.It costs ₹15 to make one jute bag. On the last day Saanvi sells it for only ₹6. How much is the loss on one (in ₹)?
  38. 38.It costs ₹7 to make one paper bookmark. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹24 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  40. 40.Saanvi makes 5 fruit cups at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?

Answer key

  1. Profit
  2. SP more than CP
  3. what it cost you
  4. Loss
  5. 12
  6. 1
  7. 130
  8. what the buyer pays
  9. SP less than CP
  10. True
  11. 10
  12. selling price
  13. True
  14. False
  15. 196
  16. Profit
  17. 18
  18. 17
  19. Profit
  20. Loss
  21. 110
  22. 26
  23. 13
  24. cost price
  25. Profit
  26. cost price
  27. 19
  28. 3
  29. True
  30. 14
  31. 1
  32. 156
  33. 9
  34. False
  35. 5
  36. 11
  37. 9
  38. 13
  39. 39
  40. 65

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