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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 704 · 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 cupcake costs Rohan ₹57 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹21 to make one clay diya. Riya sells it for ₹33. What is the profit on one (in ₹)?
  3. 3.Saanvi makes 7 glasses of chai at a cost of ₹5 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.One jute bag costs ₹18 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  7. 7.Rohan makes 27 paper bookmarks at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  10. 10.Ishaan makes 10 fruit cups at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  11. 11.It costs ₹7 to make one bag of popcorn. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  12. 12.It costs ₹22 to make one friendship band. Gurpreet sells it for ₹36. What is the profit on one (in ₹)?
  13. 13.It costs ₹43 to make one paper bookmark. Kabir sells it for ₹60. What is the profit on one (in ₹)?
  14. 14.Tara makes 10 paper bookmarks at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  15. 15.It costs ₹40 to make one friendship band. Aarav sells it for ₹48. What is the profit on one (in ₹)?
  16. 16.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  17. 17.True or false: “the price on your board” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.It costs ₹41 to make one jute bag. On the last day Kabir sells it for only ₹40. How much is the loss on one (in ₹)?
  20. 20.One friendship band costs ₹58 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  22. 22.It costs ₹48 to make one jute bag. Arjun sells it for ₹60. What is the profit on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.Kabir makes 30 fruit cups at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  26. 26.It costs ₹45 to make one handmade card. Farhan sells it for ₹47. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹16 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “the price you sell at” is the selling price. (a) True (b) False
  29. 29.One fruit cup costs ₹48 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹24 to make one clay diya. On the last day Tara sells it for only ₹15. How much is the loss on one (in ₹)?
  31. 31.It costs ₹10 to make one jute bag. Rohan sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  34. 34.True or false: “what you paid for it” is the cost price. (a) False (b) True
  35. 35.One jute bag costs ₹42 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹25 to make one cup of lemonade. On the last day Joseph sells it for only ₹22. How much is the loss on one (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.One clay diya costs ₹51 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹26 to make one clay diya. Kavya sells it for ₹28. What is the profit on one (in ₹)?

Answer key

  1. Loss
  2. 12
  3. 63
  4. what it cost you
  5. selling price
  6. 34
  7. 189
  8. False
  9. SP more than CP
  10. 50
  11. 19
  12. 14
  13. 17
  14. 40
  15. 8
  16. SP less than CP
  17. False
  18. cost price
  19. 1
  20. 65
  21. selling price
  22. 12
  23. True
  24. cost price
  25. 60
  26. 2
  27. 31
  28. True
  29. 56
  30. 9
  31. 17
  32. True
  33. what the buyer pays
  34. True
  35. 58
  36. 3
  37. False
  38. False
  39. 53
  40. 2

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