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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 492 · 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 ₹20 to make one glass of chai. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.Aarav makes 21 jute bags at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.Riya makes 10 potted plants at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.It costs ₹46 to make one jute bag. On the last day Saanvi sells it for only ₹37. How much is the loss on one (in ₹)?
  10. 10.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  11. 11.Tara makes 18 painted pebbles at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  12. 12.It costs ₹23 to make one friendship band. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  13. 13.Arjun makes 8 fruit cups at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  14. 14.Vihaan makes 23 friendship bands at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  15. 15.It costs ₹26 to make one friendship band. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  16. 16.Kabir makes 24 paper bookmarks at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  17. 17.It costs ₹39 to make one painted pebble. Tara sells it for ₹43. What is the profit on one (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) False (b) True
  19. 19.It costs ₹34 to make one bag of popcorn. On the last day Meera sells it for only ₹33. How much is the loss on one (in ₹)?
  20. 20.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  21. 21.One bag of popcorn costs Lakshmi ₹38 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One glass of chai costs ₹29 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.One glass of chai costs Vihaan ₹17 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  25. 25.It costs ₹15 to make one bag of popcorn. Kavya sells it for ₹26. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.It costs ₹22 to make one cup of lemonade. On the last day Rohan sells it for only ₹21. How much is the loss on one (in ₹)?
  28. 28.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  29. 29.True or false: “what you paid for it” is the cost price. (a) True (b) False
  30. 30.Vihaan makes 28 bags of popcorn at a cost of ₹40 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  31. 31.Kabir makes 13 cups of lemonade at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  32. 32.It costs ₹47 to make one painted pebble. Saanvi sells it for ₹49. What is the profit on one (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  35. 35.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  36. 36.It costs ₹41 to make one fruit cup. Meera sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  38. 38.It costs ₹51 to make one cupcake. Farhan sells it for ₹71. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹32 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹43 to make one jute bag. Joseph sells it for ₹47. What is the profit on one (in ₹)?

Answer key

  1. 9
  2. False
  3. False
  4. 126
  5. selling price
  6. 40
  7. selling price
  8. selling price
  9. 9
  10. SP more than CP
  11. 270
  12. 3
  13. 112
  14. 23
  15. 2
  16. 48
  17. 4
  18. False
  19. 1
  20. what the buyer pays
  21. Profit
  22. 49
  23. Loss
  24. False
  25. 11
  26. cost price
  27. 1
  28. SP less than CP
  29. True
  30. 56
  31. 65
  32. 2
  33. False
  34. cost price
  35. what it cost you
  36. 17
  37. cost price
  38. 20
  39. 52
  40. 4

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