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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 503 · 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.Ananya makes 23 paper bookmarks at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  2. 2.Lakshmi makes 26 glasses of chai at a cost of ₹24 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.It costs ₹19 to make one friendship band. On the last day Diya sells it for only ₹16. How much is the loss on one (in ₹)?
  6. 6.It costs ₹23 to make one potted plant. Aarav sells it for ₹31. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.It costs ₹42 to make one bag of popcorn. On the last day Ananya sells it for only ₹32. How much is the loss on one (in ₹)?
  10. 10.It costs ₹44 to make one cupcake. Gurpreet sells it for ₹63. What is the profit on one (in ₹)?
  11. 11.It costs ₹42 to make one handmade card. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  12. 12.Ishaan makes 21 cups of lemonade at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.One cup of lemonade costs ₹31 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.It costs ₹25 to make one jute bag. Ishaan sells it for ₹45. What is the profit on one (in ₹)?
  17. 17.One potted plant costs Ishaan ₹25 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Rohan makes 23 fruit cups at a cost of ₹24 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  20. 20.It costs ₹21 to make one jute bag. Gurpreet sells it for ₹38. What is the profit on one (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) True (b) False
  22. 22.It costs ₹52 to make one cup of lemonade. On the last day Kavya sells it for only ₹45. How much is the loss on one (in ₹)?
  23. 23.It costs ₹61 to make one cupcake. On the last day Nisha sells it for only ₹55. How much is the loss on one (in ₹)?
  24. 24.One bag of popcorn costs Lakshmi ₹21 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹42 to make one painted pebble. Farhan sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  27. 27.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  28. 28.It costs ₹20 to make one cupcake. Kavya sells it for ₹24. What is the profit on one (in ₹)?
  29. 29.True or false: “what a customer pays” is the cost price. (a) True (b) False
  30. 30.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.True or false: “the price you sell at” is the cost price. (a) False (b) True
  33. 33.It costs ₹66 to make one clay diya. On the last day Diya sells it for only ₹56. How much is the loss on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
  35. 35.It costs ₹41 to make one cupcake. On the last day Lakshmi sells it for only ₹35. How much is the loss on one (in ₹)?
  36. 36.Vihaan makes 6 fruit cups at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.One cupcake costs ₹26 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. 161
  2. 26
  3. cost price
  4. True
  5. 3
  6. 8
  7. what it cost you
  8. False
  9. 10
  10. 19
  11. 20
  12. 189
  13. 47
  14. cost price
  15. False
  16. 20
  17. Loss
  18. 138
  19. SP more than CP
  20. 17
  21. True
  22. 7
  23. 6
  24. Profit
  25. 14
  26. selling price
  27. what the buyer pays
  28. 4
  29. False
  30. SP less than CP
  31. True
  32. False
  33. 10
  34. True
  35. 6
  36. 6
  37. False
  38. True
  39. 28
  40. cost price

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