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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 498 · 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 ₹19 to make one jute bag. Aarav sells it for ₹28. What is the profit on one (in ₹)?
  2. 2.Meera makes 23 bags of popcorn at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  3. 3.True or false: “the price you sell at” is the cost price. (a) True (b) False
  4. 4.One bag of popcorn costs ₹34 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  5. 5.Tara makes 26 painted pebbles at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.One cupcake costs ₹43 to make. Rohan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.One paper bookmark costs Riya ₹58 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.Diya makes 22 potted plants at a cost of ₹28 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  13. 13.It costs ₹50 to make one fruit cup. On the last day Lakshmi sells it for only ₹45. How much is the loss on one (in ₹)?
  14. 14.One jute bag costs ₹30 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  15. 15.Aarav makes 28 friendship bands at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  18. 18.It costs ₹54 to make one clay diya. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  19. 19.True or false: “money spent to get it” is the cost price. (a) False (b) True
  20. 20.It costs ₹64 to make one fruit cup. On the last day Joseph sells it for only ₹56. How much is the loss on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.It costs ₹27 to make one glass of chai. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs Joseph ₹24 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹55 to make one paper bookmark. On the last day Aarav sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.It costs ₹31 to make one cup of lemonade. On the last day Vihaan sells it for only ₹30. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  29. 29.It costs ₹28 to make one fruit cup. On the last day Lakshmi sells it for only ₹18. How much is the loss on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the cost price. (a) False (b) True
  31. 31.True or false: “money got from a sale” is the selling price. (a) True (b) False
  32. 32.Dev makes 22 jute bags at a cost of ₹39 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  33. 33.It costs ₹17 to make one jute bag. Vihaan sells it for ₹33. What is the profit on one (in ₹)?
  34. 34.One clay diya costs Farhan ₹28 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.Riya makes 16 clay diyas at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  36. 36.Lakshmi makes 22 glasses of chai at a cost of ₹24 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  37. 37.It costs ₹57 to make one handmade card. On the last day Vihaan sells it for only ₹48. How much is the loss on one (in ₹)?
  38. 38.One bag of popcorn costs ₹9 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.One friendship band costs ₹22 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. 9
  2. 92
  3. False
  4. 46
  5. 260
  6. 53
  7. False
  8. selling price
  9. Loss
  10. selling price
  11. 132
  12. what it cost you
  13. 5
  14. 31
  15. 28
  16. selling price
  17. what the buyer pays
  18. 2
  19. True
  20. 8
  21. True
  22. cost price
  23. 3
  24. Profit
  25. 1
  26. 1
  27. selling price
  28. SP less than CP
  29. 10
  30. True
  31. True
  32. 66
  33. 16
  34. Profit
  35. 144
  36. 154
  37. 9
  38. 17
  39. 24
  40. cost price

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