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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 696 · 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 ₹45 to make one cup of lemonade. Riya sells it for ₹51. What is the profit on one (in ₹)?
  2. 2.It costs ₹65 to make one handmade card. On the last day Rohan sells it for only ₹57. How much is the loss on one (in ₹)?
  3. 3.Gurpreet makes 9 handmade cards at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  4. 4.One handmade card costs ₹41 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹28 to make one cup of lemonade. Joseph sells it for ₹41. What is the profit on one (in ₹)?
  6. 6.Meera makes 8 bags of popcorn at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  7. 7.It costs ₹51 to make one clay diya. Farhan sells it for ₹68. What is the profit on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.Saanvi makes 30 paper bookmarks at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  10. 10.One painted pebble costs Nisha ₹43 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.True or false: “money got from a sale” is the cost price. (a) True (b) False
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.One painted pebble costs ₹60 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹12 to make one fruit cup. On the last day Meera sells it for only ₹7. How much is the loss on one (in ₹)?
  18. 18.Saanvi makes 30 potted plants at a cost of ₹18 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.It costs ₹55 to make one cup of lemonade. Diya sells it for ₹69. What is the profit on one (in ₹)?
  21. 21.It costs ₹39 to make one handmade card. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  22. 22.Zoya makes 10 fruit cups at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  23. 23.It costs ₹48 to make one bag of popcorn. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  24. 24.Saanvi makes 19 handmade cards at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  25. 25.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  26. 26.It costs ₹12 to make one clay diya. Arjun sells it for ₹27. What is the profit on one (in ₹)?
  27. 27.It costs ₹47 to make one clay diya. On the last day Dev sells it for only ₹39. How much is the loss on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.Tara makes 27 clay diyas at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price on your board” is the selling price. (a) True (b) False
  31. 31.One jute bag costs ₹30 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  32. 32.One clay diya costs ₹41 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  33. 33.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  35. 35.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  36. 36.One glass of chai costs ₹29 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.It costs ₹28 to make one friendship band. On the last day Meera sells it for only ₹27. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price

Answer key

  1. 6
  2. 8
  3. 27
  4. 59
  5. 13
  6. 80
  7. 17
  8. False
  9. 30
  10. Loss
  11. cost price
  12. False
  13. True
  14. True
  15. selling price
  16. 70
  17. 5
  18. 270
  19. cost price
  20. 14
  21. 13
  22. 40
  23. 2
  24. 209
  25. SP less than CP
  26. 15
  27. 8
  28. False
  29. 270
  30. True
  31. 35
  32. 43
  33. what the buyer pays
  34. cost price
  35. SP more than CP
  36. 45
  37. False
  38. selling price
  39. 1
  40. selling price

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