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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 728 · 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 ₹60 to make one jute bag. On the last day Diya sells it for only ₹53. How much is the loss on one (in ₹)?
  2. 2.One jute bag costs ₹33 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  3. 3.Gurpreet makes 17 fruit cups at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  4. 4.It costs ₹27 to make one cup of lemonade. Kavya sells it for ₹34. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.True or false: “what a customer pays” is the cost price. (a) False (b) True
  7. 7.One fruit cup costs Arjun ₹46 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One clay diya costs ₹12 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹45 to make one friendship band. Rohan sells it for ₹48. What is the profit on one (in ₹)?
  10. 10.It costs ₹13 to make one cup of lemonade. Arjun sells it for ₹14. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹21 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  12. 12.One painted pebble costs Kabir ₹40 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.Joseph makes 11 cups of lemonade at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  14. 14.One friendship band costs ₹59 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹59 to make one glass of chai. On the last day Kabir sells it for only ₹49. How much is the loss on one (in ₹)?
  16. 16.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  17. 17.One glass of chai costs ₹50 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹65 to make one cup of lemonade. On the last day Meera sells it for only ₹59. How much is the loss on one (in ₹)?
  19. 19.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  20. 20.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  21. 21.One clay diya costs Ananya ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹44 to make one paper bookmark. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) True (b) False
  24. 24.True or false: “money spent to get it” is the selling price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.It costs ₹17 to make one jute bag. On the last day Aarav sells it for only ₹8. How much is the loss on one (in ₹)?
  28. 28.Nisha makes 16 handmade cards at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  30. 30.One handmade card costs Ishaan ₹46 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹24 to make one jute bag. On the last day Joseph sells it for only ₹22. How much is the loss on one (in ₹)?
  32. 32.Tara makes 20 fruit cups at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  33. 33.It costs ₹43 to make one bag of popcorn. Diya sells it for ₹46. What is the profit on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  35. 35.One glass of chai costs Meera ₹49 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One potted plant costs Lakshmi ₹25 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.It costs ₹56 to make one friendship band. Diya sells it for ₹62. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. 52
  3. 238
  4. 7
  5. selling price
  6. False
  7. Profit
  8. 27
  9. 3
  10. 1
  11. 33
  12. Loss
  13. 154
  14. 60
  15. 10
  16. SP less than CP
  17. 57
  18. 6
  19. what the buyer pays
  20. what it cost you
  21. Loss
  22. 20
  23. True
  24. False
  25. selling price
  26. cost price
  27. 9
  28. 48
  29. True
  30. Loss
  31. 2
  32. 240
  33. 3
  34. False
  35. Loss
  36. Loss
  37. False
  38. selling price
  39. cost price
  40. 6

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