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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 522 · 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.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  2. 2.It costs ₹14 to make one cup of lemonade. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  3. 3.One jute bag costs Tara ₹46 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.Kabir makes 15 painted pebbles at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  5. 5.Saanvi makes 20 glasses of chai at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  6. 6.True or false: “what a customer pays” is the cost price. (a) True (b) False
  7. 7.One fruit cup costs Nisha ₹17 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹57 to make one handmade card. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  9. 9.It costs ₹18 to make one potted plant. On the last day Diya sells it for only ₹8. How much is the loss on one (in ₹)?
  10. 10.One handmade card costs ₹24 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  11. 11.Saanvi makes 23 potted plants at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  12. 12.It costs ₹58 to make one glass of chai. Kavya sells it for ₹65. What is the profit on one (in ₹)?
  13. 13.It costs ₹12 to make one jute bag. Aarav sells it for ₹25. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹39 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  15. 15.One potted plant costs Meera ₹51 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹50 to make one potted plant. On the last day Joseph sells it for only ₹41. How much is the loss on one (in ₹)?
  17. 17.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  18. 18.One cup of lemonade costs Saanvi ₹57 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹19 to make one potted plant. Tara sells it for ₹28. What is the profit on one (in ₹)?
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.It costs ₹49 to make one jute bag. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.Joseph makes 25 jute bags at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  26. 26.Nisha makes 15 paper bookmarks at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.It costs ₹13 to make one friendship band. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  29. 29.It costs ₹45 to make one handmade card. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  31. 31.Nisha makes 14 handmade cards at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  32. 32.Kavya makes 25 glasses of chai at a cost of ₹40 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  33. 33.One glass of chai costs Meera ₹40 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One glass of chai costs ₹28 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.One friendship band costs ₹50 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  38. 38.It costs ₹49 to make one fruit cup. On the last day Ishaan sells it for only ₹48. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. what it cost you
  2. 3
  3. Loss
  4. 90
  5. 100
  6. False
  7. Profit
  8. 5
  9. 10
  10. 43
  11. 230
  12. 7
  13. 13
  14. 54
  15. Profit
  16. 9
  17. SP more than CP
  18. Profit
  19. 9
  20. True
  21. SP less than CP
  22. cost price
  23. 4
  24. selling price
  25. 150
  26. 150
  27. False
  28. 5
  29. 4
  30. cost price
  31. 70
  32. 325
  33. Loss
  34. 36
  35. cost price
  36. 65
  37. what the buyer pays
  38. 1
  39. selling price
  40. False

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