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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 562 · 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.It costs ₹19 to make one potted plant. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?
  2. 2.It costs ₹45 to make one cup of lemonade. Meera sells it for ₹55. What is the profit on one (in ₹)?
  3. 3.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  4. 4.True or false: “money spent to get it” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.It costs ₹46 to make one cup of lemonade. Kabir sells it for ₹51. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹10 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹49 to make one potted plant. Dev sells it for ₹51. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.It costs ₹12 to make one painted pebble. Meera sells it for ₹32. What is the profit on one (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.Farhan makes 30 bags of popcorn at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  16. 16.Zoya makes 17 glasses of chai at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  17. 17.It costs ₹24 to make one friendship band. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  18. 18.One clay diya costs Rohan ₹45 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.Nisha makes 15 potted plants at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) True (b) False
  22. 22.Saanvi makes 18 potted plants at a cost of ₹37 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  23. 23.It costs ₹58 to make one fruit cup. Kavya sells it for ₹78. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.One friendship band costs Gurpreet ₹55 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Diya makes 29 handmade cards at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  27. 27.One glass of chai costs Kabir ₹41 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “what you paid for it” is the cost price. (a) False (b) True
  29. 29.It costs ₹43 to make one glass of chai. On the last day Dev sells it for only ₹33. How much is the loss on one (in ₹)?
  30. 30.It costs ₹63 to make one friendship band. On the last day Nisha sells it for only ₹58. How much is the loss on one (in ₹)?
  31. 31.One fruit cup costs Saanvi ₹48 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One bag of popcorn costs Saanvi ₹23 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “money got from a sale” is the cost price. (a) True (b) False
  34. 34.It costs ₹18 to make one cupcake. On the last day Kabir sells it for only ₹8. How much is the loss on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.One handmade card costs ₹12 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.One cup of lemonade costs Tara ₹18 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One painted pebble costs ₹46 to make. Rohan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.Farhan makes 6 bags of popcorn at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?

Answer key

  1. 6
  2. 10
  3. what the buyer pays
  4. False
  5. cost price
  6. selling price
  7. 5
  8. 11
  9. 2
  10. what it cost you
  11. False
  12. 20
  13. SP less than CP
  14. selling price
  15. 330
  16. 221
  17. 4
  18. Loss
  19. cost price
  20. 60
  21. True
  22. 180
  23. 20
  24. cost price
  25. Profit
  26. 290
  27. Loss
  28. True
  29. 10
  30. 5
  31. Loss
  32. Profit
  33. False
  34. 10
  35. True
  36. cost price
  37. 20
  38. Profit
  39. 56
  40. 18

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