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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 697 · 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 25 painted pebbles at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.One clay diya costs Ananya ₹20 to make and sells for ₹5. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  5. 5.It costs ₹31 to make one bag of popcorn. On the last day Vihaan sells it for only ₹23. How much is the loss on one (in ₹)?
  6. 6.One fruit cup costs ₹24 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  7. 7.One bag of popcorn costs ₹48 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹64 to make one cup of lemonade. On the last day Farhan sells it for only ₹55. How much is the loss on one (in ₹)?
  9. 9.One clay diya costs ₹43 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  10. 10.One clay diya costs Kabir ₹22 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  12. 12.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  13. 13.It costs ₹48 to make one bag of popcorn. Diya sells it for ₹49. What is the profit on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.It costs ₹17 to make one handmade card. On the last day Lakshmi sells it for only ₹12. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.Kabir makes 12 potted plants at a cost of ₹7 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  19. 19.Lakshmi makes 10 bags of popcorn at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  20. 20.Tara makes 16 cupcakes at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.It costs ₹15 to make one jute bag. Dev sells it for ₹34. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  25. 25.It costs ₹49 to make one clay diya. On the last day Vihaan sells it for only ₹44. How much is the loss on one (in ₹)?
  26. 26.It costs ₹39 to make one paper bookmark. On the last day Kabir sells it for only ₹33. How much is the loss on one (in ₹)?
  27. 27.One cupcake costs Farhan ₹55 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
  30. 30.One handmade card costs Gurpreet ₹59 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹15 to make one painted pebble. On the last day Riya sells it for only ₹11. How much is the loss on one (in ₹)?
  32. 32.One handmade card costs ₹6 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.It costs ₹36 to make one paper bookmark. Kavya sells it for ₹37. What is the profit on one (in ₹)?
  36. 36.Vihaan makes 27 glasses of chai at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.It costs ₹30 to make one friendship band. On the last day Joseph sells it for only ₹21. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. 100
  2. cost price
  3. Loss
  4. what it cost you
  5. 8
  6. 31
  7. 52
  8. 9
  9. 49
  10. Loss
  11. what the buyer pays
  12. SP less than CP
  13. 1
  14. True
  15. False
  16. 5
  17. cost price
  18. 60
  19. 150
  20. 208
  21. cost price
  22. 19
  23. selling price
  24. SP more than CP
  25. 5
  26. 6
  27. Loss
  28. False
  29. False
  30. Profit
  31. 4
  32. 21
  33. True
  34. True
  35. 1
  36. 189
  37. True
  38. 9
  39. selling price
  40. cost price

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