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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 566 · 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 ₹34 to make one jute bag. On the last day Lakshmi sells it for only ₹32. How much is the loss on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  3. 3.True or false: “money got from a sale” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  5. 5.It costs ₹46 to make one jute bag. On the last day Aarav sells it for only ₹45. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.It costs ₹10 to make one friendship band. Ishaan sells it for ₹23. What is the profit on one (in ₹)?
  8. 8.Joseph makes 5 paper bookmarks at a cost of ₹28 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  9. 9.True or false: “money spent to get it” is the cost price. (a) True (b) False
  10. 10.True or false: “the price you sell at” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.It costs ₹57 to make one painted pebble. Kabir sells it for ₹63. What is the profit on one (in ₹)?
  13. 13.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  14. 14.One paper bookmark costs ₹37 to make. Dev wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  15. 15.One painted pebble costs ₹8 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  16. 16.Tara makes 17 cups of lemonade at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  17. 17.One cup of lemonade costs Ananya ₹59 to make and sells for ₹74. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Aarav makes 24 handmade cards at a cost of ₹36 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.One jute bag costs Aarav ₹42 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.Tara makes 17 friendship bands at a cost of ₹34 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  23. 23.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  24. 24.It costs ₹28 to make one cup of lemonade. Dev sells it for ₹36. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.It costs ₹62 to make one paper bookmark. On the last day Gurpreet sells it for only ₹60. How much is the loss on one (in ₹)?
  27. 27.One paper bookmark costs ₹9 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.One bag of popcorn costs ₹60 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  32. 32.Joseph makes 27 bags of popcorn at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  33. 33.One paper bookmark costs ₹19 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹40 to make one cup of lemonade. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  35. 35.It costs ₹10 to make one clay diya. Farhan sells it for ₹19. What is the profit on one (in ₹)?
  36. 36.It costs ₹58 to make one clay diya. Diya sells it for ₹70. What is the profit on one (in ₹)?
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.One fruit cup costs ₹16 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹50 to make one jute bag. Riya sells it for ₹65. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs Diya ₹26 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 2
  2. SP more than CP
  3. False
  4. what it cost you
  5. 1
  6. cost price
  7. 13
  8. 55
  9. True
  10. False
  11. cost price
  12. 6
  13. what the buyer pays
  14. 54
  15. 22
  16. 119
  17. Profit
  18. 48
  19. False
  20. Loss
  21. selling price
  22. 238
  23. SP less than CP
  24. 8
  25. selling price
  26. 2
  27. 12
  28. cost price
  29. True
  30. selling price
  31. 65
  32. 27
  33. 21
  34. 9
  35. 9
  36. 12
  37. False
  38. 35
  39. 15
  40. Loss

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