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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 499 · 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.One friendship band costs ₹48 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  2. 2.Aarav makes 21 cups of lemonade at a cost of ₹36 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.It costs ₹69 to make one paper bookmark. On the last day Arjun sells it for only ₹60. How much is the loss on one (in ₹)?
  7. 7.True or false: “cost of making one” is the cost price. (a) True (b) False
  8. 8.It costs ₹58 to make one painted pebble. Tara sells it for ₹64. What is the profit on one (in ₹)?
  9. 9.It costs ₹50 to make one potted plant. On the last day Meera sells it for only ₹48. How much is the loss on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  11. 11.One jute bag costs Rohan ₹25 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “what a customer pays” is the cost price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.One handmade card costs Tara ₹30 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “what you paid for it” is the cost price. (a) False (b) True
  17. 17.One handmade card costs Ishaan ₹57 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹30 to make one painted pebble. On the last day Diya sells it for only ₹21. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  21. 21.Saanvi makes 9 cupcakes at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  22. 22.It costs ₹47 to make one potted plant. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  23. 23.It costs ₹25 to make one paper bookmark. Ananya sells it for ₹32. What is the profit on one (in ₹)?
  24. 24.It costs ₹23 to make one potted plant. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  26. 26.It costs ₹11 to make one clay diya. On the last day Rohan sells it for only ₹6. How much is the loss on one (in ₹)?
  27. 27.One cup of lemonade costs ₹27 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  28. 28.Ananya makes 25 cups of lemonade at a cost of ₹19 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  29. 29.One cupcake costs ₹44 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹16 to make one cup of lemonade. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  31. 31.It costs ₹15 to make one fruit cup. On the last day Farhan sells it for only ₹7. How much is the loss on one (in ₹)?
  32. 32.It costs ₹46 to make one clay diya. On the last day Diya sells it for only ₹44. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.True or false: “money spent to get it” is the cost price. (a) False (b) True
  35. 35.Dev makes 25 fruit cups at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  36. 36.One cup of lemonade costs Ishaan ₹56 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  38. 38.It costs ₹13 to make one bag of popcorn. On the last day Tara sells it for only ₹11. How much is the loss on one (in ₹)?
  39. 39.Joseph makes 13 paper bookmarks at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  40. 40.It costs ₹44 to make one clay diya. On the last day Kavya sells it for only ₹35. How much is the loss on one (in ₹)?

Answer key

  1. 62
  2. 42
  3. False
  4. False
  5. selling price
  6. 9
  7. True
  8. 6
  9. 2
  10. SP less than CP
  11. Profit
  12. False
  13. selling price
  14. selling price
  15. Profit
  16. True
  17. Profit
  18. cost price
  19. 9
  20. what it cost you
  21. 9
  22. 5
  23. 7
  24. 6
  25. cost price
  26. 5
  27. 43
  28. 150
  29. 60
  30. 5
  31. 8
  32. 2
  33. cost price
  34. True
  35. 125
  36. Profit
  37. SP more than CP
  38. 2
  39. 169
  40. 9

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