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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 691 · 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 ₹8 to make one paper bookmark. Riya sells it for ₹19. What is the profit on one (in ₹)?
  2. 2.It costs ₹31 to make one fruit cup. On the last day Joseph sells it for only ₹28. How much is the loss on one (in ₹)?
  3. 3.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  6. 6.It costs ₹37 to make one glass of chai. Tara sells it for ₹38. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs Nisha ₹21 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹58 to make one handmade card. Kabir sells it for ₹72. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹18 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  10. 10.Kabir makes 28 potted plants at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.True or false: “the price on your board” is the cost price. (a) True (b) False
  13. 13.Nisha makes 10 cups of lemonade at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  14. 14.It costs ₹8 to make one fruit cup. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  15. 15.Gurpreet makes 30 cups of lemonade at a cost of ₹35 each and sells all of them at ₹36 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.It costs ₹42 to make one handmade card. Joseph sells it for ₹43. What is the profit on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.It costs ₹18 to make one handmade card. Diya sells it for ₹37. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.It costs ₹33 to make one fruit cup. Diya sells it for ₹43. What is the profit on one (in ₹)?
  24. 24.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  25. 25.True or false: “cost of making one” is the cost price. (a) False (b) True
  26. 26.Meera makes 11 cupcakes at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.One painted pebble costs ₹45 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹44 to make one friendship band. On the last day Dev sells it for only ₹39. How much is the loss on one (in ₹)?
  30. 30.Joseph makes 17 potted plants at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  32. 32.It costs ₹55 to make one friendship band. Tara sells it for ₹62. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹14 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.One jute bag costs ₹29 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “money got from a sale” is the selling price. (a) False (b) True
  36. 36.True or false: “the price you sell at” is the selling price. (a) True (b) False
  37. 37.Diya makes 9 paper bookmarks at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  38. 38.It costs ₹48 to make one cup of lemonade. Nisha sells it for ₹50. What is the profit on one (in ₹)?
  39. 39.One jute bag costs Lakshmi ₹25 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹60 to make one glass of chai. On the last day Saanvi sells it for only ₹56. How much is the loss on one (in ₹)?

Answer key

  1. 11
  2. 3
  3. SP more than CP
  4. selling price
  5. what the buyer pays
  6. 1
  7. Loss
  8. 14
  9. 25
  10. 112
  11. cost price
  12. False
  13. 50
  14. 2
  15. 30
  16. True
  17. 1
  18. True
  19. 19
  20. what it cost you
  21. selling price
  22. cost price
  23. 10
  24. SP less than CP
  25. True
  26. 110
  27. selling price
  28. 47
  29. 5
  30. 255
  31. False
  32. 7
  33. 19
  34. 42
  35. True
  36. True
  37. 9
  38. 2
  39. Loss
  40. 4

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