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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 539 · 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.Meera makes 11 bags of popcorn at a cost of ₹16 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  2. 2.True or false: “the price on your board” is the cost price. (a) False (b) True
  3. 3.It costs ₹47 to make one bag of popcorn. Dev sells it for ₹51. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs Diya ₹27 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹22 to make one potted plant. Zoya sells it for ₹36. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  8. 8.One paper bookmark costs Diya ₹21 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹24 to make one fruit cup. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  10. 10.It costs ₹44 to make one jute bag. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
  11. 11.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  12. 12.One clay diya costs Farhan ₹24 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.It costs ₹18 to make one jute bag. Aarav sells it for ₹20. What is the profit on one (in ₹)?
  15. 15.It costs ₹44 to make one cup of lemonade. On the last day Kabir sells it for only ₹43. How much is the loss on one (in ₹)?
  16. 16.Arjun makes 19 glasses of chai at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  17. 17.One potted plant costs ₹13 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  18. 18.One cupcake costs ₹51 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  20. 20.One bag of popcorn costs Riya ₹37 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One friendship band costs ₹49 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) False (b) True
  23. 23.It costs ₹18 to make one friendship band. Gurpreet sells it for ₹35. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹15 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  25. 25.Ananya makes 24 potted plants at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  26. 26.It costs ₹54 to make one clay diya. Arjun sells it for ₹70. What is the profit on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the selling price. (a) False (b) True
  28. 28.It costs ₹69 to make one fruit cup. On the last day Farhan sells it for only ₹60. How much is the loss on one (in ₹)?
  29. 29.It costs ₹20 to make one bag of popcorn. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?
  30. 30.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  31. 31.One jute bag costs Ananya ₹23 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.It costs ₹32 to make one cupcake. On the last day Tara sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  35. 35.It costs ₹34 to make one painted pebble. Vihaan sells it for ₹54. What is the profit on one (in ₹)?
  36. 36.Arjun makes 23 cups of lemonade at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  38. 38.One friendship band costs ₹29 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.Vihaan makes 20 potted plants at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price on your board” is the selling price. (a) False (b) True

Answer key

  1. 110
  2. False
  3. 4
  4. cost price
  5. Profit
  6. 14
  7. what it cost you
  8. Profit
  9. 10
  10. 9
  11. what the buyer pays
  12. Profit
  13. selling price
  14. 2
  15. 1
  16. 133
  17. 29
  18. 70
  19. SP more than CP
  20. Profit
  21. 62
  22. False
  23. 17
  24. 31
  25. 312
  26. 16
  27. True
  28. 9
  29. 4
  30. SP less than CP
  31. Profit
  32. selling price
  33. 10
  34. cost price
  35. 20
  36. 23
  37. cost price
  38. 39
  39. 200
  40. True

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