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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 689 · 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 bag of popcorn costs ₹42 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.One clay diya costs ₹59 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  4. 4.One friendship band costs ₹36 to make. Dev wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price you sell at” is the cost price. (a) False (b) True
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.It costs ₹20 to make one painted pebble. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  8. 8.Diya makes 14 friendship bands at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  9. 9.True or false: “what a customer pays” is the cost price. (a) False (b) True
  10. 10.One handmade card costs ₹11 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹52 to make one handmade card. Saanvi sells it for ₹54. What is the profit on one (in ₹)?
  12. 12.It costs ₹22 to make one fruit cup. Meera sells it for ₹33. What is the profit on one (in ₹)?
  13. 13.It costs ₹59 to make one bag of popcorn. Meera sells it for ₹67. What is the profit on one (in ₹)?
  14. 14.One cupcake costs Arjun ₹50 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One fruit cup costs Kabir ₹56 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.One bag of popcorn costs Meera ₹33 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “money spent to get it” is the selling price. (a) False (b) True
  18. 18.Arjun makes 16 jute bags at a cost of ₹38 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  19. 19.It costs ₹62 to make one potted plant. On the last day Arjun sells it for only ₹59. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.True or false: “money got from a sale” is the selling price. (a) True (b) False
  22. 22.It costs ₹25 to make one potted plant. Saanvi sells it for ₹41. What is the profit on one (in ₹)?
  23. 23.It costs ₹23 to make one handmade card. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs Joseph ₹44 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.Rohan makes 17 jute bags at a cost of ₹22 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  27. 27.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  28. 28.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.Nisha makes 30 fruit cups at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  31. 31.One paper bookmark costs Kavya ₹41 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹13 to make one clay diya. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?
  33. 33.It costs ₹28 to make one clay diya. On the last day Nisha sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.One paper bookmark costs ₹49 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  36. 36.Zoya makes 26 friendship bands at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  37. 37.One cupcake costs Rohan ₹34 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  39. 39.Joseph makes 9 painted pebbles at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) False (b) True

Answer key

  1. 44
  2. False
  3. 60
  4. 44
  5. False
  6. True
  7. 9
  8. 154
  9. False
  10. 17
  11. 2
  12. 11
  13. 8
  14. Profit
  15. Profit
  16. Profit
  17. False
  18. 160
  19. 3
  20. cost price
  21. True
  22. 16
  23. 10
  24. Profit
  25. cost price
  26. 153
  27. what the buyer pays
  28. SP more than CP
  29. False
  30. 150
  31. Loss
  32. 2
  33. 6
  34. 62
  35. SP less than CP
  36. 286
  37. Loss
  38. what it cost you
  39. 63
  40. False

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