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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 682 · 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.Ananya makes 12 painted pebbles at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.It costs ₹10 to make one jute bag. Farhan sells it for ₹30. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  5. 5.True or false: “money spent to get it” is the cost price. (a) False (b) True
  6. 6.Nisha makes 8 handmade cards at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  7. 7.It costs ₹44 to make one clay diya. Riya sells it for ₹52. What is the profit on one (in ₹)?
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.It costs ₹32 to make one friendship band. Diya sells it for ₹45. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.One potted plant costs ₹11 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  12. 12.Aarav makes 24 handmade cards at a cost of ₹22 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.One glass of chai costs Diya ₹31 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.Aarav makes 25 handmade cards at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  17. 17.Riya makes 10 cups of lemonade at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  18. 18.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  19. 19.One jute bag costs ₹55 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  20. 20.One paper bookmark costs ₹36 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹20 to make one painted pebble. Saanvi sells it for ₹27. What is the profit on one (in ₹)?
  22. 22.It costs ₹5 to make one glass of chai. Dev sells it for ₹17. What is the profit on one (in ₹)?
  23. 23.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  24. 24.It costs ₹38 to make one painted pebble. On the last day Vihaan sells it for only ₹36. How much is the loss on one (in ₹)?
  25. 25.Zoya makes 29 painted pebbles at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  26. 26.One handmade card costs ₹28 to make. Ananya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.It costs ₹11 to make one cup of lemonade. Vihaan sells it for ₹17. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) True (b) False
  30. 30.It costs ₹7 to make one painted pebble. Ananya sells it for ₹11. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹17 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  32. 32.One handmade card costs Nisha ₹58 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  35. 35.One potted plant costs Kabir ₹53 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “the price on your board” is the selling price. (a) False (b) True
  37. 37.Ananya makes 25 paper bookmarks at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  38. 38.True or false: “cost of making one” is the cost price. (a) True (b) False
  39. 39.True or false: “the price you sell at” is the selling price. (a) True (b) False
  40. 40.Zoya makes 24 handmade cards at a cost of ₹23 each and sells all of them at ₹26 each. What is the total profit (in ₹)?

Answer key

  1. 60
  2. cost price
  3. 20
  4. what it cost you
  5. True
  6. 72
  7. 8
  8. True
  9. 13
  10. cost price
  11. 23
  12. 216
  13. cost price
  14. Loss
  15. 100
  16. selling price
  17. 30
  18. what the buyer pays
  19. 57
  20. 39
  21. 7
  22. 12
  23. SP less than CP
  24. 2
  25. 261
  26. 39
  27. False
  28. 6
  29. False
  30. 4
  31. 22
  32. Profit
  33. False
  34. SP more than CP
  35. Profit
  36. True
  37. 75
  38. True
  39. True
  40. 72

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