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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 513 · 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 ₹47 to make one glass of chai. Riya sells it for ₹58. What is the profit on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  3. 3.True or false: “money got from a sale” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.It costs ₹31 to make one cup of lemonade. Diya sells it for ₹44. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹33 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.True or false: “money spent to get it” is the selling price. (a) True (b) False
  14. 14.It costs ₹52 to make one painted pebble. On the last day Saanvi sells it for only ₹50. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.One clay diya costs Arjun ₹35 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  18. 18.Joseph makes 21 cupcakes at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  19. 19.Tara makes 20 paper bookmarks at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  20. 20.True or false: “cost of making one” is the cost price. (a) False (b) True
  21. 21.Zoya makes 12 painted pebbles at a cost of ₹37 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  22. 22.It costs ₹46 to make one handmade card. On the last day Saanvi sells it for only ₹41. How much is the loss on one (in ₹)?
  23. 23.It costs ₹59 to make one paper bookmark. Diya sells it for ₹71. What is the profit on one (in ₹)?
  24. 24.Ishaan makes 13 clay diyas at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  25. 25.It costs ₹61 to make one potted plant. On the last day Saanvi sells it for only ₹60. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.It costs ₹50 to make one potted plant. Saanvi sells it for ₹54. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  29. 29.It costs ₹59 to make one paper bookmark. Arjun sells it for ₹62. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹9 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  31. 31.One glass of chai costs ₹16 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  32. 32.Ananya makes 5 paper bookmarks at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.It costs ₹53 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹51. How much is the loss on one (in ₹)?
  34. 34.One cupcake costs Zoya ₹45 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the price you sell at” is the cost price. (a) False (b) True
  36. 36.Nisha makes 8 clay diyas at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  38. 38.It costs ₹35 to make one fruit cup. Aarav sells it for ₹52. What is the profit on one (in ₹)?
  39. 39.Lakshmi makes 30 clay diyas at a cost of ₹26 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.It costs ₹50 to make one bag of popcorn. On the last day Joseph sells it for only ₹45. How much is the loss on one (in ₹)?

Answer key

  1. 11
  2. SP less than CP
  3. True
  4. selling price
  5. True
  6. False
  7. selling price
  8. selling price
  9. 13
  10. 38
  11. SP more than CP
  12. True
  13. False
  14. 2
  15. cost price
  16. Profit
  17. what it cost you
  18. 252
  19. 260
  20. True
  21. 96
  22. 5
  23. 12
  24. 39
  25. 1
  26. cost price
  27. 4
  28. selling price
  29. 3
  30. 23
  31. 17
  32. 45
  33. 2
  34. Loss
  35. False
  36. 56
  37. False
  38. 17
  39. 300
  40. 5

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