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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 45 · 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.Nisha makes 28 paper bookmarks at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  3. 3.True or false: “the price you sell at” is the selling price. (a) False (b) True
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.Nisha makes 30 jute bags at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  6. 6.One cupcake costs Nisha ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.Diya makes 15 glasses of chai at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.It costs ₹64 to make one jute bag. On the last day Joseph sells it for only ₹56. How much is the loss on one (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  12. 12.It costs ₹45 to make one cupcake. On the last day Kabir sells it for only ₹44. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.It costs ₹54 to make one fruit cup. On the last day Farhan sells it for only ₹44. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  19. 19.Farhan makes 9 cups of lemonade at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  20. 20.It costs ₹12 to make one cupcake. Saanvi sells it for ₹24. What is the profit on one (in ₹)?
  21. 21.It costs ₹36 to make one fruit cup. Tara sells it for ₹45. What is the profit on one (in ₹)?
  22. 22.It costs ₹27 to make one friendship band. Ananya sells it for ₹46. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹27 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.One jute bag costs Aarav ₹24 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹51 to make one cupcake. On the last day Kabir sells it for only ₹48. How much is the loss on one (in ₹)?
  26. 26.It costs ₹46 to make one friendship band. Rohan sells it for ₹56. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹18 to make. Riya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  28. 28.Arjun makes 8 bags of popcorn at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  29. 29.It costs ₹17 to make one painted pebble. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  32. 32.It costs ₹17 to make one handmade card. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  33. 33.It costs ₹11 to make one bag of popcorn. Ananya sells it for ₹18. What is the profit on one (in ₹)?
  34. 34.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  35. 35.One cupcake costs Kabir ₹40 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Farhan makes 13 glasses of chai at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  38. 38.One painted pebble costs ₹45 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what you paid for it” is the cost price. (a) True (b) False
  40. 40.Zoya makes 28 potted plants at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?

Answer key

  1. 56
  2. SP more than CP
  3. True
  4. False
  5. 300
  6. Loss
  7. 135
  8. selling price
  9. cost price
  10. 8
  11. False
  12. 1
  13. cost price
  14. 10
  15. selling price
  16. cost price
  17. cost price
  18. what it cost you
  19. 18
  20. 12
  21. 9
  22. 19
  23. 33
  24. Loss
  25. 3
  26. 10
  27. 32
  28. 104
  29. 2
  30. False
  31. SP less than CP
  32. 9
  33. 7
  34. what the buyer pays
  35. Loss
  36. 78
  37. selling price
  38. 46
  39. True
  40. 84

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