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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 639 · 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.Vihaan makes 20 cupcakes at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  2. 2.It costs ₹59 to make one clay diya. Ananya sells it for ₹78. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  5. 5.Kabir makes 5 cupcakes at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  6. 6.Meera makes 15 handmade cards at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  7. 7.One glass of chai costs Aarav ₹32 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One friendship band costs Tara ₹23 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  10. 10.One friendship band costs Farhan ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.It costs ₹5 to make one jute bag. Dev sells it for ₹12. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  15. 15.Joseph makes 30 potted plants at a cost of ₹24 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  16. 16.It costs ₹35 to make one paper bookmark. Tara sells it for ₹38. What is the profit on one (in ₹)?
  17. 17.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  18. 18.True or false: “money spent to get it” is the cost price. (a) False (b) True
  19. 19.It costs ₹35 to make one clay diya. On the last day Meera sells it for only ₹30. How much is the loss on one (in ₹)?
  20. 20.It costs ₹55 to make one bag of popcorn. Joseph sells it for ₹59. What is the profit on one (in ₹)?
  21. 21.Gurpreet makes 23 paper bookmarks at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  22. 22.It costs ₹43 to make one bag of popcorn. Kavya sells it for ₹47. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.It costs ₹12 to make one handmade card. Meera sells it for ₹13. What is the profit on one (in ₹)?
  25. 25.It costs ₹70 to make one fruit cup. On the last day Saanvi sells it for only ₹60. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.One bag of popcorn costs ₹50 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹38 to make one cup of lemonade. Lakshmi sells it for ₹57. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) False (b) True
  30. 30.Riya makes 18 clay diyas at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.It costs ₹26 to make one clay diya. On the last day Dev sells it for only ₹17. How much is the loss on one (in ₹)?
  34. 34.It costs ₹54 to make one potted plant. Nisha sells it for ₹66. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.One glass of chai costs Meera ₹47 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One jute bag costs ₹59 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.Lakshmi makes 8 fruit cups at a cost of ₹35 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  39. 39.True or false: “cost of making one” is the cost price. (a) True (b) False
  40. 40.One jute bag costs Gurpreet ₹41 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 40
  2. 19
  3. cost price
  4. SP less than CP
  5. 35
  6. 135
  7. Loss
  8. Loss
  9. SP more than CP
  10. Loss
  11. selling price
  12. False
  13. 7
  14. what it cost you
  15. 390
  16. 3
  17. what the buyer pays
  18. True
  19. 5
  20. 4
  21. 322
  22. 4
  23. cost price
  24. 1
  25. 10
  26. selling price
  27. 64
  28. 19
  29. False
  30. 126
  31. True
  32. True
  33. 9
  34. 12
  35. cost price
  36. Loss
  37. 63
  38. 80
  39. True
  40. Loss

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