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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 705 · 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 ₹25 to make one handmade card. On the last day Tara sells it for only ₹23. How much is the loss on one (in ₹)?
  2. 2.One jute bag costs Nisha ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.True or false: “what you paid for it” is the cost price. (a) False (b) True
  4. 4.True or false: “what you paid for it” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  6. 6.One potted plant costs ₹15 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹16 to make one cupcake. Tara sells it for ₹34. What is the profit on one (in ₹)?
  8. 8.It costs ₹48 to make one bag of popcorn. On the last day Kavya sells it for only ₹47. How much is the loss on one (in ₹)?
  9. 9.Farhan makes 14 potted plants at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.True or false: “cost of making one” is the selling price. (a) True (b) False
  12. 12.One clay diya costs ₹43 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  13. 13.One paper bookmark costs Joseph ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹37 to make one friendship band. Nisha sells it for ₹44. What is the profit on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.One fruit cup costs Gurpreet ₹42 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Meera makes 20 friendship bands at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  19. 19.It costs ₹30 to make one glass of chai. On the last day Meera sells it for only ₹25. How much is the loss on one (in ₹)?
  20. 20.It costs ₹32 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹27. How much is the loss on one (in ₹)?
  21. 21.It costs ₹40 to make one cup of lemonade. On the last day Vihaan sells it for only ₹38. How much is the loss on one (in ₹)?
  22. 22.One fruit cup costs ₹26 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “money spent to get it” is the selling price. (a) False (b) True
  24. 24.True or false: “the price on your board” is the cost price. (a) True (b) False
  25. 25.It costs ₹27 to make one cupcake. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.Rohan makes 6 handmade cards at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  28. 28.It costs ₹10 to make one fruit cup. Ishaan sells it for ₹15. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  30. 30.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.It costs ₹22 to make one friendship band. On the last day Zoya sells it for only ₹20. How much is the loss on one (in ₹)?
  33. 33.It costs ₹43 to make one clay diya. Meera sells it for ₹47. What is the profit on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.It costs ₹23 to make one cup of lemonade. On the last day Nisha sells it for only ₹21. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.One cup of lemonade costs Farhan ₹45 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹33 to make one friendship band. On the last day Aarav sells it for only ₹31. How much is the loss on one (in ₹)?
  39. 39.One glass of chai costs Meera ₹46 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Farhan makes 24 clay diyas at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?

Answer key

  1. 2
  2. Loss
  3. True
  4. False
  5. what it cost you
  6. 18
  7. 18
  8. 1
  9. 56
  10. cost price
  11. False
  12. 47
  13. Loss
  14. 7
  15. False
  16. selling price
  17. Profit
  18. 300
  19. 5
  20. 5
  21. 2
  22. 37
  23. False
  24. False
  25. 13
  26. selling price
  27. 48
  28. 5
  29. selling price
  30. SP more than CP
  31. True
  32. 2
  33. 4
  34. False
  35. 2
  36. cost price
  37. Loss
  38. 2
  39. Loss
  40. 72

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