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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 645 · 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.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  2. 2.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.It costs ₹45 to make one bag of popcorn. On the last day Kavya sells it for only ₹40. How much is the loss on one (in ₹)?
  5. 5.Diya makes 9 cups of lemonade at a cost of ₹13 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  6. 6.It costs ₹33 to make one jute bag. Kavya sells it for ₹52. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs Ishaan ₹53 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.Zoya makes 12 cups of lemonade at a cost of ₹30 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  10. 10.It costs ₹59 to make one friendship band. On the last day Ishaan sells it for only ₹58. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.It costs ₹18 to make one painted pebble. Diya sells it for ₹33. What is the profit on one (in ₹)?
  14. 14.It costs ₹17 to make one jute bag. On the last day Ananya sells it for only ₹10. How much is the loss on one (in ₹)?
  15. 15.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  16. 16.One bag of popcorn costs Tara ₹47 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.One jute bag costs ₹37 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  19. 19.One clay diya costs ₹10 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  20. 20.One fruit cup costs ₹57 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.Ananya makes 25 potted plants at a cost of ₹36 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  22. 22.It costs ₹15 to make one cup of lemonade. Kabir sells it for ₹25. What is the profit on one (in ₹)?
  23. 23.It costs ₹46 to make one handmade card. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  24. 24.Arjun makes 21 friendship bands at a cost of ₹24 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.Gurpreet makes 25 cups of lemonade at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  28. 28.It costs ₹29 to make one clay diya. On the last day Farhan sells it for only ₹21. How much is the loss on one (in ₹)?
  29. 29.One cupcake costs ₹31 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.Zoya makes 5 painted pebbles at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  31. 31.One cup of lemonade costs ₹32 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
  34. 34.One paper bookmark costs Diya ₹23 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.One painted pebble costs ₹39 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  37. 37.One painted pebble costs Nisha ₹21 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹15 to make one painted pebble. Rohan sells it for ₹32. What is the profit on one (in ₹)?
  39. 39.Kabir makes 13 clay diyas at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  40. 40.Diya makes 7 painted pebbles at a cost of ₹34 each and sells all of them at ₹35 each. What is the total profit (in ₹)?

Answer key

  1. what it cost you
  2. SP less than CP
  3. True
  4. 5
  5. 135
  6. 19
  7. Profit
  8. False
  9. 60
  10. 1
  11. cost price
  12. False
  13. 15
  14. 7
  15. what the buyer pays
  16. Profit
  17. cost price
  18. 48
  19. 15
  20. 66
  21. 50
  22. 10
  23. 1
  24. 21
  25. True
  26. cost price
  27. 125
  28. 8
  29. 43
  30. 70
  31. 45
  32. cost price
  33. False
  34. Profit
  35. True
  36. 49
  37. Profit
  38. 17
  39. 13
  40. 7

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