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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 7 · 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 friendship band costs ₹59 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹14 to make one jute bag. Ananya sells it for ₹31. What is the profit on one (in ₹)?
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.It costs ₹50 to make one cupcake. On the last day Dev sells it for only ₹41. How much is the loss on one (in ₹)?
  5. 5.It costs ₹38 to make one glass of chai. On the last day Joseph sells it for only ₹35. How much is the loss on one (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.Ishaan makes 8 cups of lemonade at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  9. 9.It costs ₹29 to make one cupcake. On the last day Meera sells it for only ₹27. How much is the loss on one (in ₹)?
  10. 10.It costs ₹15 to make one clay diya. On the last day Meera sells it for only ₹6. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.It costs ₹34 to make one glass of chai. Diya sells it for ₹35. What is the profit on one (in ₹)?
  14. 14.One clay diya costs Ananya ₹19 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One friendship band costs Diya ₹22 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.One jute bag costs Zoya ₹27 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.One fruit cup costs ₹51 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.Ishaan makes 5 glasses of chai at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  20. 20.It costs ₹45 to make one potted plant. Lakshmi sells it for ₹52. What is the profit on one (in ₹)?
  21. 21.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  22. 22.One fruit cup costs Tara ₹34 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  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.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.One painted pebble costs ₹24 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  26. 26.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  27. 27.It costs ₹35 to make one bag of popcorn. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  28. 28.One potted plant costs Tara ₹19 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹52 to make one handmade card. Aarav sells it for ₹71. What is the profit on one (in ₹)?
  30. 30.It costs ₹14 to make one fruit cup. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  31. 31.It costs ₹37 to make one bag of popcorn. On the last day Nisha sells it for only ₹36. How much is the loss on one (in ₹)?
  32. 32.Zoya makes 10 cups of lemonade at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.One handmade card costs ₹17 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹48 to make one potted plant. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  36. 36.One cupcake costs Joseph ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.It costs ₹59 to make one clay diya. On the last day Vihaan sells it for only ₹56. How much is the loss on one (in ₹)?
  39. 39.One handmade card costs Rohan ₹51 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price

Answer key

  1. 68
  2. 17
  3. False
  4. 9
  5. 3
  6. True
  7. cost price
  8. 8
  9. 2
  10. 9
  11. cost price
  12. selling price
  13. 1
  14. Loss
  15. Profit
  16. Loss
  17. False
  18. 70
  19. 25
  20. 7
  21. SP more than CP
  22. Loss
  23. SP less than CP
  24. False
  25. 30
  26. what the buyer pays
  27. 18
  28. Loss
  29. 19
  30. 5
  31. 1
  32. 80
  33. cost price
  34. 30
  35. 2
  36. Loss
  37. True
  38. 3
  39. Profit
  40. selling price

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