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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 654 · 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 ₹20 to make one fruit cup. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  2. 2.Aarav makes 26 painted pebbles at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  3. 3.It costs ₹48 to make one bag of popcorn. On the last day Farhan sells it for only ₹46. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  6. 6.True or false: “the price on your board” is the cost price. (a) False (b) True
  7. 7.It costs ₹23 to make one jute bag. Riya sells it for ₹28. What is the profit on one (in ₹)?
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  10. 10.One clay diya costs ₹51 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.One clay diya costs ₹11 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  13. 13.One friendship band costs ₹39 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹25 to make one cup of lemonade. Tara sells it for ₹26. What is the profit on one (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) False (b) True
  16. 16.It costs ₹12 to make one paper bookmark. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  17. 17.One glass of chai costs Ishaan ₹26 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One cup of lemonade costs Gurpreet ₹53 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  21. 21.It costs ₹60 to make one jute bag. On the last day Dev sells it for only ₹51. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.Kavya makes 26 clay diyas at a cost of ₹5 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  25. 25.It costs ₹48 to make one handmade card. Aarav sells it for ₹63. What is the profit on one (in ₹)?
  26. 26.It costs ₹54 to make one bag of popcorn. On the last day Meera sells it for only ₹45. How much is the loss on one (in ₹)?
  27. 27.Rohan makes 28 handmade cards at a cost of ₹29 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  28. 28.Rohan makes 30 handmade cards at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  29. 29.Saanvi makes 30 bags of popcorn at a cost of ₹36 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  30. 30.One paper bookmark costs ₹7 to make. Arjun wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  31. 31.One potted plant costs ₹20 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  32. 32.One paper bookmark costs Nisha ₹47 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹28 to make one clay diya. Arjun sells it for ₹46. What is the profit on one (in ₹)?
  34. 34.It costs ₹21 to make one paper bookmark. On the last day Kabir sells it for only ₹14. How much is the loss on one (in ₹)?
  35. 35.It costs ₹51 to make one glass of chai. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  36. 36.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  37. 37.One cup of lemonade costs ₹49 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “the price you sell at” is the cost price. (a) True (b) False
  39. 39.Diya makes 26 jute bags at a cost of ₹21 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount

Answer key

  1. 8
  2. 78
  3. 2
  4. selling price
  5. what the buyer pays
  6. False
  7. 5
  8. False
  9. SP more than CP
  10. 57
  11. cost price
  12. 28
  13. 42
  14. 1
  15. False
  16. 2
  17. Profit
  18. Loss
  19. cost price
  20. True
  21. 9
  22. cost price
  23. True
  24. 338
  25. 15
  26. 9
  27. 196
  28. 210
  29. 360
  30. 21
  31. 26
  32. Loss
  33. 18
  34. 7
  35. 5
  36. SP less than CP
  37. 58
  38. False
  39. 260
  40. what it cost you

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