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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 635 · 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.One glass of chai costs Kabir ₹16 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  3. 3.One friendship band costs Arjun ₹42 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.It costs ₹41 to make one jute bag. Ananya sells it for ₹45. What is the profit on one (in ₹)?
  6. 6.It costs ₹32 to make one painted pebble. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.It costs ₹21 to make one potted plant. Farhan sells it for ₹34. What is the profit on one (in ₹)?
  9. 9.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  10. 10.It costs ₹24 to make one jute bag. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  11. 11.Meera makes 5 cups of lemonade at a cost of ₹20 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  12. 12.It costs ₹12 to make one friendship band. Kabir sells it for ₹17. What is the profit on one (in ₹)?
  13. 13.One jute bag costs Zoya ₹47 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.One cup of lemonade costs ₹15 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.One paper bookmark costs ₹39 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  16. 16.One paper bookmark costs Rohan ₹20 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.Joseph makes 18 paper bookmarks at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  19. 19.One jute bag costs Nisha ₹46 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Ananya makes 13 potted plants at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.True or false: “money got from a sale” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.True or false: “the price you sell at” is the selling price. (a) True (b) False
  25. 25.It costs ₹26 to make one friendship band. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  26. 26.Zoya makes 6 cupcakes at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) True (b) False
  28. 28.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  29. 29.True or false: “what you paid for it” is the cost price. (a) True (b) False
  30. 30.It costs ₹51 to make one glass of chai. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  31. 31.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  32. 32.Saanvi makes 9 friendship bands at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.It costs ₹37 to make one glass of chai. On the last day Nisha sells it for only ₹31. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.One potted plant costs ₹20 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.Diya makes 7 cupcakes at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) True (b) False
  39. 39.Zoya makes 13 potted plants at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.One jute bag costs ₹19 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. Profit
  2. what it cost you
  3. Loss
  4. True
  5. 4
  6. 19
  7. selling price
  8. 13
  9. what the buyer pays
  10. 4
  11. 30
  12. 5
  13. Loss
  14. 24
  15. 55
  16. Profit
  17. selling price
  18. 234
  19. Profit
  20. 26
  21. False
  22. cost price
  23. cost price
  24. True
  25. 3
  26. 18
  27. True
  28. SP more than CP
  29. True
  30. 3
  31. SP less than CP
  32. 135
  33. cost price
  34. 6
  35. selling price
  36. 35
  37. 91
  38. True
  39. 13
  40. 22

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