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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 44 · 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.Gurpreet makes 8 paper bookmarks at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  2. 2.It costs ₹61 to make one cupcake. On the last day Zoya sells it for only ₹53. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.It costs ₹30 to make one cupcake. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹8 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  7. 7.It costs ₹17 to make one clay diya. Kavya sells it for ₹36. What is the profit on one (in ₹)?
  8. 8.It costs ₹27 to make one friendship band. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  9. 9.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  10. 10.True or false: “the price on your board” is the cost price. (a) False (b) True
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.True or false: “what you paid for it” is the cost price. (a) False (b) True
  13. 13.It costs ₹30 to make one paper bookmark. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  14. 14.It costs ₹32 to make one friendship band. Meera sells it for ₹35. What is the profit on one (in ₹)?
  15. 15.One jute bag costs Saanvi ₹59 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹16 to make one cupcake. Rohan sells it for ₹31. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  18. 18.It costs ₹62 to make one glass of chai. On the last day Arjun sells it for only ₹52. How much is the loss on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) False (b) True
  20. 20.One jute bag costs ₹12 to make. Arjun wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “the price you sell at” is the cost price. (a) True (b) False
  22. 22.One friendship band costs ₹25 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹46 to make one cupcake. Ananya sells it for ₹47. What is the profit on one (in ₹)?
  24. 24.It costs ₹9 to make one cup of lemonade. Riya sells it for ₹24. What is the profit on one (in ₹)?
  25. 25.It costs ₹59 to make one jute bag. Zoya sells it for ₹71. What is the profit on one (in ₹)?
  26. 26.One clay diya costs Tara ₹57 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.Vihaan makes 7 potted plants at a cost of ₹31 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  28. 28.One bag of popcorn costs ₹21 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) True (b) False
  30. 30.It costs ₹40 to make one clay diya. On the last day Farhan sells it for only ₹36. How much is the loss on one (in ₹)?
  31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
  32. 32.One painted pebble costs Meera ₹38 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  34. 34.It costs ₹50 to make one clay diya. On the last day Meera sells it for only ₹44. How much is the loss on one (in ₹)?
  35. 35.It costs ₹59 to make one jute bag. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  36. 36.Zoya makes 8 jute bags at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  37. 37.It costs ₹36 to make one clay diya. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  38. 38.It costs ₹56 to make one paper bookmark. On the last day Saanvi sells it for only ₹47. How much is the loss on one (in ₹)?
  39. 39.True or false: “cost of making one” is the selling price. (a) True (b) False
  40. 40.One fruit cup costs ₹34 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. 24
  2. 8
  3. cost price
  4. 7
  5. 23
  6. what it cost you
  7. 19
  8. 1
  9. what the buyer pays
  10. False
  11. True
  12. True
  13. 3
  14. 3
  15. Profit
  16. 15
  17. selling price
  18. 10
  19. False
  20. 20
  21. False
  22. 45
  23. 1
  24. 15
  25. 12
  26. Loss
  27. 63
  28. 36
  29. False
  30. 4
  31. True
  32. Profit
  33. SP more than CP
  34. 6
  35. 4
  36. 120
  37. 12
  38. 9
  39. False
  40. 37

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