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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 713 · 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.Rohan makes 20 cupcakes at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.One potted plant costs ₹42 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  6. 6.One paper bookmark costs ₹20 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  8. 8.It costs ₹18 to make one potted plant. Diya sells it for ₹28. What is the profit on one (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) True (b) False
  10. 10.It costs ₹36 to make one jute bag. On the last day Zoya sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.It costs ₹63 to make one handmade card. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?
  12. 12.One clay diya costs Saanvi ₹52 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹39 to make one friendship band. On the last day Meera sells it for only ₹38. How much is the loss on one (in ₹)?
  14. 14.It costs ₹60 to make one painted pebble. Meera sells it for ₹66. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.One cup of lemonade costs Diya ₹32 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.One paper bookmark costs ₹44 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  22. 22.Kabir makes 10 painted pebbles at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  23. 23.It costs ₹51 to make one clay diya. On the last day Arjun sells it for only ₹50. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.Farhan makes 23 fruit cups at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  27. 27.It costs ₹27 to make one fruit cup. Saanvi sells it for ₹28. What is the profit on one (in ₹)?
  28. 28.It costs ₹45 to make one painted pebble. Lakshmi sells it for ₹61. What is the profit on one (in ₹)?
  29. 29.It costs ₹9 to make one cup of lemonade. Dev sells it for ₹26. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹11 to make one glass of chai. Riya sells it for ₹18. What is the profit on one (in ₹)?
  32. 32.It costs ₹7 to make one jute bag. Dev sells it for ₹12. What is the profit on one (in ₹)?
  33. 33.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  34. 34.One handmade card costs ₹59 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.One bag of popcorn costs Tara ₹60 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money spent to get it” is the selling price. (a) True (b) False
  38. 38.It costs ₹32 to make one clay diya. Kabir sells it for ₹42. What is the profit on one (in ₹)?
  39. 39.True or false: “money spent to get it” is the cost price. (a) False (b) True
  40. 40.It costs ₹17 to make one clay diya. On the last day Kabir sells it for only ₹9. How much is the loss on one (in ₹)?

Answer key

  1. 140
  2. cost price
  3. what the buyer pays
  4. selling price
  5. 52
  6. 26
  7. SP less than CP
  8. 10
  9. True
  10. 5
  11. 6
  12. Profit
  13. 1
  14. 6
  15. selling price
  16. Loss
  17. what it cost you
  18. False
  19. selling price
  20. True
  21. 59
  22. 120
  23. 1
  24. False
  25. cost price
  26. 69
  27. 1
  28. 16
  29. 17
  30. selling price
  31. 7
  32. 5
  33. SP more than CP
  34. 67
  35. False
  36. Loss
  37. False
  38. 10
  39. True
  40. 8

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