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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 477 · 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.Diya makes 19 friendship bands at a cost of ₹26 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  2. 2.True or false: “cost of making one” is the cost price. (a) False (b) True
  3. 3.It costs ₹34 to make one cup of lemonade. On the last day Farhan sells it for only ₹31. How much is the loss on one (in ₹)?
  4. 4.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  5. 5.Kabir makes 30 jute bags at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  6. 6.It costs ₹21 to make one friendship band. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  7. 7.True or false: “the price you sell at” is the selling price. (a) False (b) True
  8. 8.It costs ₹30 to make one glass of chai. Meera sells it for ₹46. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  10. 10.One potted plant costs ₹32 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.One bag of popcorn costs ₹14 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “the price on your board” is the selling price. (a) False (b) True
  18. 18.Ananya makes 7 potted plants at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  19. 19.One glass of chai costs Ishaan ₹60 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.One jute bag costs ₹5 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹44 to make one handmade card. On the last day Ishaan sells it for only ₹40. How much is the loss on one (in ₹)?
  23. 23.It costs ₹38 to make one jute bag. Tara sells it for ₹48. What is the profit on one (in ₹)?
  24. 24.Kabir makes 27 painted pebbles at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.Aarav makes 27 glasses of chai at a cost of ₹22 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  27. 27.One handmade card costs ₹47 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹15 to make one glass of chai. On the last day Lakshmi sells it for only ₹14. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  30. 30.It costs ₹33 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹24. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs Arjun ₹25 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹30 to make one cup of lemonade. Nisha sells it for ₹45. What is the profit on one (in ₹)?
  33. 33.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  34. 34.Meera makes 8 painted pebbles at a cost of ₹31 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  35. 35.It costs ₹48 to make one bag of popcorn. Kavya sells it for ₹50. What is the profit on one (in ₹)?
  36. 36.It costs ₹44 to make one cupcake. Joseph sells it for ₹48. What is the profit on one (in ₹)?
  37. 37.It costs ₹45 to make one paper bookmark. Nisha sells it for ₹59. What is the profit on one (in ₹)?
  38. 38.Ananya makes 28 cups of lemonade at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  39. 39.It costs ₹31 to make one fruit cup. Vihaan sells it for ₹37. What is the profit on one (in ₹)?
  40. 40.It costs ₹41 to make one cup of lemonade. Joseph sells it for ₹61. What is the profit on one (in ₹)?

Answer key

  1. 133
  2. True
  3. 3
  4. what the buyer pays
  5. 60
  6. 14
  7. True
  8. 16
  9. cost price
  10. 37
  11. selling price
  12. False
  13. selling price
  14. False
  15. False
  16. 15
  17. True
  18. 105
  19. Loss
  20. cost price
  21. 11
  22. 4
  23. 10
  24. 405
  25. False
  26. 108
  27. 52
  28. 1
  29. what it cost you
  30. 9
  31. Profit
  32. 15
  33. SP less than CP
  34. 112
  35. 2
  36. 4
  37. 14
  38. 84
  39. 6
  40. 20

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