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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 460 · 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.Kabir makes 6 clay diyas at a cost of ₹17 each and sells all of them at ₹21 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.It costs ₹55 to make one fruit cup. On the last day Nisha sells it for only ₹52. How much is the loss on one (in ₹)?
  4. 4.It costs ₹61 to make one glass of chai. On the last day Joseph sells it for only ₹59. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.One friendship band costs Zoya ₹52 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹37 to make one bag of popcorn. On the last day Arjun sells it for only ₹29. How much is the loss on one (in ₹)?
  8. 8.One friendship band costs Farhan ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.It costs ₹10 to make one friendship band. Diya sells it for ₹18. What is the profit on one (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  11. 11.One fruit cup costs Joseph ₹37 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  15. 15.Rohan makes 23 potted plants at a cost of ₹9 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  16. 16.One cup of lemonade costs Arjun ₹41 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹54 to make one friendship band. Aarav sells it for ₹60. What is the profit on one (in ₹)?
  18. 18.Saanvi makes 22 painted pebbles at a cost of ₹6 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  19. 19.Lakshmi makes 11 cups of lemonade at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  24. 24.One handmade card costs ₹13 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.One bag of popcorn costs ₹29 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
  28. 28.It costs ₹64 to make one glass of chai. On the last day Nisha sells it for only ₹60. How much is the loss on one (in ₹)?
  29. 29.It costs ₹44 to make one fruit cup. Diya sells it for ₹53. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  31. 31.It costs ₹7 to make one friendship band. Joseph sells it for ₹11. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.One cup of lemonade costs ₹42 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  35. 35.True or false: “what a customer pays” is the cost price. (a) False (b) True
  36. 36.True or false: “the price you sell at” is the cost price. (a) False (b) True
  37. 37.It costs ₹33 to make one painted pebble. On the last day Ishaan sells it for only ₹31. How much is the loss on one (in ₹)?
  38. 38.It costs ₹45 to make one paper bookmark. On the last day Nisha sells it for only ₹40. How much is the loss on one (in ₹)?
  39. 39.Tara makes 22 handmade cards at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  40. 40.One jute bag costs Rohan ₹31 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 24
  2. SP more than CP
  3. 3
  4. 2
  5. selling price
  6. Loss
  7. 8
  8. Loss
  9. 8
  10. False
  11. Profit
  12. False
  13. False
  14. what the buyer pays
  15. 253
  16. Loss
  17. 6
  18. 308
  19. 66
  20. True
  21. cost price
  22. False
  23. what it cost you
  24. 17
  25. 31
  26. selling price
  27. True
  28. 4
  29. 9
  30. cost price
  31. 4
  32. cost price
  33. 51
  34. selling price
  35. False
  36. False
  37. 2
  38. 5
  39. 242
  40. Profit

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