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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 437 · 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 ₹13 to make one cupcake. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.True or false: “what a customer pays” is the selling price. (a) False (b) True
  5. 5.It costs ₹12 to make one jute bag. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  6. 6.True or false: “money spent to get it” is the selling price. (a) True (b) False
  7. 7.Zoya makes 6 painted pebbles at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹36 to make one potted plant. On the last day Farhan sells it for only ₹30. How much is the loss on one (in ₹)?
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.Riya makes 28 bags of popcorn at a cost of ₹21 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  15. 15.It costs ₹14 to make one jute bag. Nisha sells it for ₹22. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹36 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.One clay diya costs ₹37 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  18. 18.Rohan makes 28 handmade cards at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  19. 19.One glass of chai costs Farhan ₹29 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.Ishaan makes 14 paper bookmarks at a cost of ₹11 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  23. 23.It costs ₹11 to make one clay diya. Joseph sells it for ₹17. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹24 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.One cupcake costs ₹48 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.One handmade card costs Lakshmi ₹48 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One paper bookmark costs ₹54 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  30. 30.One clay diya costs Arjun ₹23 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.True or false: “money got from a sale” is the selling price. (a) False (b) True
  33. 33.One friendship band costs Diya ₹55 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One handmade card costs Ananya ₹48 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.Joseph makes 26 cups of lemonade at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  36. 36.One handmade card costs Gurpreet ₹17 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One glass of chai costs ₹45 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹26 to make one handmade card. Kavya sells it for ₹29. What is the profit on one (in ₹)?
  39. 39.It costs ₹35 to make one paper bookmark. On the last day Kabir sells it for only ₹34. How much is the loss on one (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. 16
  2. SP more than CP
  3. selling price
  4. True
  5. 6
  6. False
  7. 72
  8. what it cost you
  9. SP less than CP
  10. cost price
  11. 6
  12. True
  13. False
  14. 224
  15. 8
  16. 55
  17. 56
  18. 196
  19. Loss
  20. False
  21. cost price
  22. 154
  23. 6
  24. 33
  25. selling price
  26. 67
  27. Profit
  28. 63
  29. what the buyer pays
  30. Loss
  31. cost price
  32. True
  33. Loss
  34. Profit
  35. 26
  36. Profit
  37. 57
  38. 3
  39. 1
  40. False

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