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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 724 · 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.True or false: “money got from a sale” is the cost price. (a) True (b) False
  2. 2.It costs ₹15 to make one cupcake. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs Gurpreet ₹21 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  5. 5.One fruit cup costs Arjun ₹51 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One fruit cup costs ₹13 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.It costs ₹58 to make one painted pebble. Riya sells it for ₹60. What is the profit on one (in ₹)?
  9. 9.It costs ₹66 to make one cup of lemonade. On the last day Meera sells it for only ₹60. How much is the loss on one (in ₹)?
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.It costs ₹53 to make one jute bag. Ishaan sells it for ₹60. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹11 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  14. 14.Diya makes 9 friendship bands at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.Dev makes 9 painted pebbles at a cost of ₹24 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.True or false: “the price on your board” is the selling price. (a) False (b) True
  19. 19.Lakshmi makes 30 handmade cards at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  20. 20.One friendship band costs ₹44 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) True (b) False
  22. 22.Aarav makes 23 handmade cards at a cost of ₹14 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  23. 23.One cup of lemonade costs Farhan ₹38 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One paper bookmark costs Joseph ₹31 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹16 to make one cup of lemonade. Ananya sells it for ₹18. What is the profit on one (in ₹)?
  26. 26.It costs ₹42 to make one painted pebble. Kavya sells it for ₹46. What is the profit on one (in ₹)?
  27. 27.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  28. 28.It costs ₹57 to make one handmade card. Arjun sells it for ₹71. What is the profit on one (in ₹)?
  29. 29.It costs ₹50 to make one painted pebble. Kavya sells it for ₹65. What is the profit on one (in ₹)?
  30. 30.True or false: “cost of making one” is the cost price. (a) False (b) True
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.One jute bag costs Kavya ₹57 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One handmade card costs ₹35 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  34. 34.One handmade card costs ₹14 to make. Dev wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  36. 36.It costs ₹16 to make one friendship band. Arjun sells it for ₹17. What is the profit on one (in ₹)?
  37. 37.It costs ₹68 to make one friendship band. On the last day Lakshmi sells it for only ₹58. How much is the loss on one (in ₹)?
  38. 38.It costs ₹40 to make one bag of popcorn. On the last day Joseph sells it for only ₹38. How much is the loss on one (in ₹)?
  39. 39.One painted pebble costs Rohan ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹33 to make one paper bookmark. Vihaan sells it for ₹35. What is the profit on one (in ₹)?

Answer key

  1. False
  2. 11
  3. Loss
  4. SP less than CP
  5. Loss
  6. 32
  7. cost price
  8. 2
  9. 6
  10. SP more than CP
  11. selling price
  12. 7
  13. 31
  14. 36
  15. cost price
  16. 36
  17. False
  18. True
  19. 30
  20. 48
  21. True
  22. 184
  23. Profit
  24. Loss
  25. 2
  26. 4
  27. what the buyer pays
  28. 14
  29. 15
  30. True
  31. False
  32. Loss
  33. 46
  34. 31
  35. what it cost you
  36. 1
  37. 10
  38. 2
  39. Profit
  40. 2

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