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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 461 · 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 ₹27 to make one friendship band. Joseph sells it for ₹41. What is the profit on one (in ₹)?
  2. 2.It costs ₹9 to make one cupcake. On the last day Gurpreet sells it for only ₹8. How much is the loss on one (in ₹)?
  3. 3.It costs ₹52 to make one bag of popcorn. On the last day Ishaan sells it for only ₹48. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  5. 5.It costs ₹18 to make one bag of popcorn. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  6. 6.It costs ₹58 to make one fruit cup. On the last day Meera sells it for only ₹56. How much is the loss on one (in ₹)?
  7. 7.One painted pebble costs ₹37 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.One bag of popcorn costs ₹45 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  9. 9.One painted pebble costs ₹5 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  10. 10.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.It costs ₹40 to make one cupcake. On the last day Kabir sells it for only ₹33. How much is the loss on one (in ₹)?
  13. 13.It costs ₹23 to make one glass of chai. Arjun sells it for ₹33. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.Ishaan makes 23 clay diyas at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  17. 17.Aarav makes 5 potted plants at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  19. 19.One paper bookmark costs Tara ₹49 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹22 to make one bag of popcorn. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.One potted plant costs Saanvi ₹59 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  25. 25.True or false: “what a customer pays” is the selling price. (a) False (b) True
  26. 26.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  27. 27.Diya makes 18 clay diyas at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  28. 28.Diya makes 14 handmade cards at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  29. 29.Gurpreet makes 9 glasses of chai at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  30. 30.Tara makes 29 bags of popcorn at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.It costs ₹39 to make one painted pebble. On the last day Farhan sells it for only ₹35. How much is the loss on one (in ₹)?
  33. 33.One potted plant costs Lakshmi ₹19 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹11 to make one handmade card. Kabir sells it for ₹27. What is the profit on one (in ₹)?
  35. 35.It costs ₹57 to make one paper bookmark. On the last day Ishaan sells it for only ₹51. How much is the loss on one (in ₹)?
  36. 36.It costs ₹16 to make one painted pebble. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  37. 37.Nisha makes 18 cupcakes at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  38. 38.True or false: “what you paid for it” is the selling price. (a) True (b) False
  39. 39.One fruit cup costs Meera ₹24 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One clay diya costs Joseph ₹34 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 14
  2. 1
  3. 4
  4. what it cost you
  5. 3
  6. 2
  7. 39
  8. 50
  9. 6
  10. what the buyer pays
  11. False
  12. 7
  13. 10
  14. True
  15. selling price
  16. 161
  17. 5
  18. SP more than CP
  19. Profit
  20. 11
  21. True
  22. selling price
  23. Profit
  24. selling price
  25. True
  26. SP less than CP
  27. 198
  28. 140
  29. 54
  30. 406
  31. False
  32. 4
  33. Loss
  34. 16
  35. 6
  36. 2
  37. 252
  38. False
  39. Profit
  40. Loss

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