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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 559 · 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.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.It costs ₹6 to make one jute bag. Arjun sells it for ₹11. What is the profit on one (in ₹)?
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  7. 7.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  8. 8.One paper bookmark costs ₹37 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.Nisha makes 5 glasses of chai at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  10. 10.It costs ₹45 to make one cup of lemonade. Riya sells it for ₹59. What is the profit on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.One cup of lemonade costs ₹54 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.One jute bag costs ₹8 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹38 to make one cup of lemonade. On the last day Ananya sells it for only ₹29. How much is the loss on one (in ₹)?
  15. 15.It costs ₹29 to make one bag of popcorn. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  16. 16.It costs ₹26 to make one fruit cup. Joseph sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.It costs ₹49 to make one paper bookmark. On the last day Rohan sells it for only ₹40. How much is the loss on one (in ₹)?
  18. 18.One potted plant costs Rohan ₹38 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  20. 20.It costs ₹12 to make one friendship band. On the last day Lakshmi sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.One friendship band costs ₹5 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹37 to make one friendship band. On the last day Rohan sells it for only ₹36. How much is the loss on one (in ₹)?
  24. 24.One fruit cup costs Ishaan ₹26 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  26. 26.It costs ₹63 to make one bag of popcorn. On the last day Rohan sells it for only ₹54. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  28. 28.One glass of chai costs ₹8 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  29. 29.Arjun makes 19 painted pebbles at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) False (b) True
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.It costs ₹40 to make one bag of popcorn. On the last day Joseph sells it for only ₹35. How much is the loss on one (in ₹)?
  33. 33.Nisha makes 26 potted plants at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  34. 34.One bag of popcorn costs ₹47 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.Gurpreet makes 13 bags of popcorn at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  36. 36.One friendship band costs ₹31 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹19 to make one handmade card. Lakshmi sells it for ₹24. What is the profit on one (in ₹)?
  38. 38.It costs ₹18 to make one glass of chai. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  39. 39.It costs ₹11 to make one fruit cup. On the last day Rohan sells it for only ₹10. How much is the loss on one (in ₹)?
  40. 40.One paper bookmark costs ₹36 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?

Answer key

  1. SP more than CP
  2. True
  3. 5
  4. False
  5. selling price
  6. SP less than CP
  7. what it cost you
  8. 41
  9. 35
  10. 14
  11. False
  12. 63
  13. 9
  14. 9
  15. 3
  16. 20
  17. 9
  18. Profit
  19. what the buyer pays
  20. 6
  21. cost price
  22. 12
  23. 1
  24. Profit
  25. cost price
  26. 9
  27. selling price
  28. 26
  29. 266
  30. True
  31. False
  32. 5
  33. 182
  34. 48
  35. 195
  36. 39
  37. 5
  38. 19
  39. 1
  40. 42

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