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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 475 · 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 ₹12 to make one painted pebble. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  2. 2.Kavya makes 20 cupcakes at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  3. 3.It costs ₹43 to make one cup of lemonade. Rohan sells it for ₹52. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  6. 6.One jute bag costs Dev ₹49 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  8. 8.One clay diya costs ₹32 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.It costs ₹47 to make one fruit cup. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  11. 11.True or false: “what you paid for it” is the cost price. (a) False (b) True
  12. 12.It costs ₹41 to make one handmade card. On the last day Lakshmi sells it for only ₹40. How much is the loss on one (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) True (b) False
  14. 14.It costs ₹41 to make one bag of popcorn. On the last day Ananya sells it for only ₹31. How much is the loss on one (in ₹)?
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.It costs ₹30 to make one painted pebble. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) False (b) True
  18. 18.It costs ₹11 to make one glass of chai. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.It costs ₹26 to make one clay diya. On the last day Arjun sells it for only ₹19. How much is the loss on one (in ₹)?
  23. 23.True or false: “money spent to get it” is the cost price. (a) False (b) True
  24. 24.It costs ₹49 to make one potted plant. On the last day Ananya sells it for only ₹42. How much is the loss on one (in ₹)?
  25. 25.Diya makes 12 paper bookmarks at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.It costs ₹36 to make one glass of chai. On the last day Riya sells it for only ₹26. How much is the loss on one (in ₹)?
  28. 28.Lakshmi makes 18 jute bags at a cost of ₹35 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  29. 29.It costs ₹15 to make one paper bookmark. Meera sells it for ₹33. What is the profit on one (in ₹)?
  30. 30.It costs ₹11 to make one cup of lemonade. On the last day Kabir sells it for only ₹8. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.True or false: “what a customer pays” is the cost price. (a) False (b) True
  33. 33.It costs ₹26 to make one cup of lemonade. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  34. 34.Tara makes 15 bags of popcorn at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.One friendship band costs Saanvi ₹39 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.One handmade card costs ₹54 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.One cup of lemonade costs ₹59 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?

Answer key

  1. 4
  2. 120
  3. 9
  4. selling price
  5. what the buyer pays
  6. Loss
  7. what it cost you
  8. 41
  9. selling price
  10. 12
  11. True
  12. 1
  13. True
  14. 10
  15. False
  16. 5
  17. True
  18. 3
  19. cost price
  20. SP less than CP
  21. True
  22. 7
  23. True
  24. 7
  25. 48
  26. selling price
  27. 10
  28. 252
  29. 18
  30. 3
  31. cost price
  32. False
  33. 3
  34. 30
  35. cost price
  36. Profit
  37. False
  38. False
  39. 57
  40. 72

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