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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 633 · 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 ₹10 to make one cupcake. Aarav sells it for ₹13. What is the profit on one (in ₹)?
  2. 2.Diya makes 15 paper bookmarks at a cost of ₹39 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  3. 3.One handmade card costs Joseph ₹34 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.It costs ₹19 to make one friendship band. Diya sells it for ₹35. What is the profit on one (in ₹)?
  6. 6.It costs ₹20 to make one clay diya. Zoya sells it for ₹32. What is the profit on one (in ₹)?
  7. 7.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  8. 8.It costs ₹37 to make one paper bookmark. Farhan sells it for ₹38. What is the profit on one (in ₹)?
  9. 9.One handmade card costs Lakshmi ₹56 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.It costs ₹38 to make one friendship band. Kabir sells it for ₹39. What is the profit on one (in ₹)?
  12. 12.Joseph makes 11 cupcakes at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  13. 13.It costs ₹14 to make one friendship band. Tara sells it for ₹26. What is the profit on one (in ₹)?
  14. 14.It costs ₹40 to make one painted pebble. On the last day Vihaan sells it for only ₹39. How much is the loss on one (in ₹)?
  15. 15.It costs ₹38 to make one potted plant. On the last day Zoya sells it for only ₹36. How much is the loss on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  18. 18.Vihaan makes 8 clay diyas at a cost of ₹34 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  19. 19.One clay diya costs Gurpreet ₹60 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  21. 21.Ishaan makes 16 cups of lemonade at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.One cup of lemonade costs Gurpreet ₹60 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.Kabir makes 7 jute bags at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  25. 25.One jute bag costs ₹13 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  26. 26.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  28. 28.It costs ₹11 to make one cup of lemonade. Meera sells it for ₹21. What is the profit on one (in ₹)?
  29. 29.Arjun makes 29 clay diyas at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  30. 30.Meera makes 8 paper bookmarks at a cost of ₹29 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.One friendship band costs Meera ₹49 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Tara makes 27 handmade cards at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  35. 35.True or false: “money got from a sale” is the cost price. (a) False (b) True
  36. 36.It costs ₹60 to make one painted pebble. On the last day Joseph sells it for only ₹50. How much is the loss on one (in ₹)?
  37. 37.One clay diya costs ₹46 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the selling price. (a) True (b) False
  39. 39.Ananya makes 16 clay diyas at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  40. 40.True or false: “cost of making one” is the selling price. (a) False (b) True

Answer key

  1. 3
  2. 105
  3. Profit
  4. cost price
  5. 16
  6. 12
  7. SP less than CP
  8. 1
  9. Profit
  10. selling price
  11. 1
  12. 11
  13. 12
  14. 1
  15. 2
  16. True
  17. what it cost you
  18. 64
  19. Profit
  20. what the buyer pays
  21. 64
  22. selling price
  23. Profit
  24. 77
  25. 29
  26. SP more than CP
  27. False
  28. 10
  29. 261
  30. 8
  31. selling price
  32. Loss
  33. 108
  34. cost price
  35. False
  36. 10
  37. 51
  38. False
  39. 224
  40. False

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