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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 560 · 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.Gurpreet makes 17 painted pebbles at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  2. 2.One fruit cup costs ₹24 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  4. 4.Lakshmi makes 24 paper bookmarks at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.Dev makes 15 jute bags at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  7. 7.It costs ₹13 to make one potted plant. On the last day Tara sells it for only ₹8. How much is the loss on one (in ₹)?
  8. 8.It costs ₹17 to make one bag of popcorn. Riya sells it for ₹18. What is the profit on one (in ₹)?
  9. 9.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  10. 10.True or false: “the price on your board” is the cost price. (a) False (b) True
  11. 11.True or false: “money spent to get it” is the cost price. (a) True (b) False
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.One clay diya costs Kabir ₹25 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.One cupcake costs Kabir ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “what you paid for it” is the selling price. (a) True (b) False
  17. 17.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.Rohan makes 14 potted plants at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.One fruit cup costs Lakshmi ₹31 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “the price you sell at” is the selling price. (a) False (b) True
  24. 24.One potted plant costs ₹11 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what you paid for it” is the cost price. (a) False (b) True
  26. 26.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  27. 27.It costs ₹46 to make one glass of chai. On the last day Riya sells it for only ₹39. How much is the loss on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the selling price. (a) False (b) True
  29. 29.One friendship band costs Lakshmi ₹39 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs ₹53 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  31. 31.One fruit cup costs ₹21 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  32. 32.Lakshmi makes 30 glasses of chai at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  33. 33.One jute bag costs Lakshmi ₹47 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹15 to make one friendship band. Rohan sells it for ₹16. What is the profit on one (in ₹)?
  35. 35.It costs ₹35 to make one cupcake. Kavya sells it for ₹43. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.One paper bookmark costs Farhan ₹25 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  40. 40.It costs ₹24 to make one cup of lemonade. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?

Answer key

  1. 204
  2. 34
  3. what it cost you
  4. 72
  5. cost price
  6. 90
  7. 5
  8. 1
  9. SP less than CP
  10. False
  11. True
  12. True
  13. Profit
  14. False
  15. Profit
  16. False
  17. SP more than CP
  18. False
  19. 182
  20. selling price
  21. cost price
  22. Profit
  23. True
  24. 20
  25. True
  26. what the buyer pays
  27. 7
  28. True
  29. Loss
  30. 58
  31. 29
  32. 210
  33. Loss
  34. 1
  35. 8
  36. cost price
  37. selling price
  38. Profit
  39. selling price
  40. 7

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