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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 650 · 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 potted plant costs Arjun ₹51 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹21 to make one cup of lemonade. On the last day Kabir sells it for only ₹14. How much is the loss on one (in ₹)?
  3. 3.Lakshmi makes 13 handmade cards at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  6. 6.True or false: “money spent to get it” is the cost price. (a) True (b) False
  7. 7.One potted plant costs Diya ₹30 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “what you paid for it” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  11. 11.Joseph makes 22 clay diyas at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  12. 12.It costs ₹58 to make one bag of popcorn. Riya sells it for ₹72. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹18 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹54 to make one handmade card. Gurpreet sells it for ₹72. What is the profit on one (in ₹)?
  15. 15.Lakshmi makes 14 clay diyas at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  17. 17.Diya makes 13 bags of popcorn at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  18. 18.One painted pebble costs Ishaan ₹42 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.It costs ₹24 to make one cupcake. On the last day Ishaan sells it for only ₹17. How much is the loss on one (in ₹)?
  22. 22.One cup of lemonade costs Rohan ₹33 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One cup of lemonade costs ₹56 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.It costs ₹39 to make one jute bag. On the last day Diya sells it for only ₹36. How much is the loss on one (in ₹)?
  27. 27.One jute bag costs ₹9 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  28. 28.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  29. 29.One friendship band costs ₹20 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  30. 30.Ishaan makes 11 paper bookmarks at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.One cupcake costs Diya ₹56 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “cost of making one” is the selling price. (a) True (b) False
  34. 34.It costs ₹60 to make one cup of lemonade. Diya sells it for ₹62. What is the profit on one (in ₹)?
  35. 35.Kavya makes 17 potted plants at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  36. 36.One fruit cup costs ₹7 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.Kavya makes 5 cupcakes at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  38. 38.It costs ₹14 to make one paper bookmark. On the last day Nisha sells it for only ₹11. How much is the loss on one (in ₹)?
  39. 39.One glass of chai costs ₹48 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.Vihaan makes 6 bags of popcorn at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?

Answer key

  1. Loss
  2. 7
  3. 169
  4. cost price
  5. what it cost you
  6. True
  7. Profit
  8. True
  9. cost price
  10. SP less than CP
  11. 198
  12. 14
  13. 33
  14. 18
  15. 168
  16. True
  17. 130
  18. Profit
  19. selling price
  20. True
  21. 7
  22. Loss
  23. 60
  24. selling price
  25. cost price
  26. 3
  27. 19
  28. what the buyer pays
  29. 39
  30. 55
  31. True
  32. Loss
  33. False
  34. 2
  35. 255
  36. 10
  37. 40
  38. 3
  39. 53
  40. 30

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