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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 438 · 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 painted pebble. Zoya sells it for ₹15. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.Gurpreet makes 22 bags of popcorn at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  4. 4.Dev makes 6 jute bags at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  5. 5.It costs ₹14 to make one clay diya. Vihaan sells it for ₹19. What is the profit on one (in ₹)?
  6. 6.One handmade card costs Gurpreet ₹55 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹33 to make one cupcake. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?
  8. 8.True or false: “money got from a sale” is the selling price. (a) True (b) False
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One paper bookmark costs ₹13 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.One painted pebble costs ₹23 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “money got from a sale” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.True or false: “cost of making one” is the cost price. (a) False (b) True
  17. 17.One handmade card costs Kabir ₹27 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹37 to make one bag of popcorn. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  19. 19.One clay diya costs ₹22 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  21. 21.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  22. 22.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  23. 23.One jute bag costs ₹47 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “the price you sell at” is the cost price. (a) False (b) True
  25. 25.Vihaan makes 19 cups of lemonade at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  26. 26.It costs ₹32 to make one handmade card. Tara sells it for ₹33. What is the profit on one (in ₹)?
  27. 27.It costs ₹31 to make one handmade card. On the last day Joseph sells it for only ₹26. How much is the loss on one (in ₹)?
  28. 28.It costs ₹40 to make one cupcake. On the last day Ananya sells it for only ₹38. How much is the loss on one (in ₹)?
  29. 29.It costs ₹38 to make one glass of chai. On the last day Riya sells it for only ₹36. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs Rohan ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “cost of making one” is the selling price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  33. 33.Ishaan makes 5 glasses of chai at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  34. 34.One jute bag costs Zoya ₹26 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹33 to make one glass of chai. Nisha sells it for ₹52. What is the profit on one (in ₹)?
  36. 36.It costs ₹18 to make one friendship band. Vihaan sells it for ₹21. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  38. 38.One cup of lemonade costs Aarav ₹25 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One potted plant costs ₹19 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹29 to make one paper bookmark. Saanvi sells it for ₹48. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. cost price
  3. 330
  4. 18
  5. 5
  6. Profit
  7. 4
  8. True
  9. False
  10. 14
  11. 35
  12. False
  13. cost price
  14. cost price
  15. False
  16. True
  17. Profit
  18. 5
  19. 26
  20. SP less than CP
  21. what the buyer pays
  22. what it cost you
  23. 59
  24. False
  25. 285
  26. 1
  27. 5
  28. 2
  29. 2
  30. Loss
  31. False
  32. cost price
  33. 15
  34. Loss
  35. 19
  36. 3
  37. selling price
  38. Profit
  39. 33
  40. 19

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