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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 530 · 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 cupcake costs ₹49 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  3. 3.Ananya makes 12 jute bags at a cost of ₹28 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  4. 4.Meera makes 19 glasses of chai at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  5. 5.It costs ₹32 to make one potted plant. Meera sells it for ₹35. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.One jute bag costs ₹20 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  9. 9.It costs ₹17 to make one painted pebble. On the last day Ananya sells it for only ₹12. How much is the loss on one (in ₹)?
  10. 10.It costs ₹38 to make one cup of lemonade. Diya sells it for ₹58. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.One glass of chai costs Kavya ₹52 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “money spent to get it” is the cost price. (a) False (b) True
  14. 14.True or false: “what you paid for it” is the selling price. (a) False (b) True
  15. 15.Vihaan makes 24 handmade cards at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.It costs ₹24 to make one handmade card. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  18. 18.One friendship band costs Ananya ₹35 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.One handmade card costs Vihaan ₹19 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹45 to make one clay diya. On the last day Lakshmi sells it for only ₹43. How much is the loss on one (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  24. 24.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  25. 25.True or false: “cost of making one” is the cost price. (a) False (b) True
  26. 26.Aarav makes 24 paper bookmarks at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.True or false: “what you paid for it” is the cost price. (a) True (b) False
  29. 29.One glass of chai costs Kavya ₹45 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹42 to make one handmade card. On the last day Farhan sells it for only ₹40. How much is the loss on one (in ₹)?
  31. 31.It costs ₹34 to make one cup of lemonade. On the last day Diya sells it for only ₹33. How much is the loss on one (in ₹)?
  32. 32.One painted pebble costs ₹39 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.Rohan makes 16 jute bags at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) True (b) False
  36. 36.It costs ₹51 to make one jute bag. Vihaan sells it for ₹65. What is the profit on one (in ₹)?
  37. 37.It costs ₹57 to make one painted pebble. Farhan sells it for ₹66. What is the profit on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the selling price. (a) False (b) True
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.Meera makes 12 fruit cups at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. 61
  2. what it cost you
  3. 96
  4. 133
  5. 3
  6. selling price
  7. 25
  8. True
  9. 5
  10. 20
  11. cost price
  12. Loss
  13. True
  14. False
  15. 192
  16. selling price
  17. 9
  18. Profit
  19. selling price
  20. Loss
  21. 2
  22. False
  23. SP less than CP
  24. SP more than CP
  25. True
  26. 96
  27. selling price
  28. True
  29. Profit
  30. 2
  31. 1
  32. 45
  33. False
  34. 128
  35. False
  36. 14
  37. 9
  38. True
  39. False
  40. 60

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