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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 747 · 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 ₹35 to make one bag of popcorn. On the last day Diya sells it for only ₹33. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.One handmade card costs Diya ₹55 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.Meera makes 22 handmade cards at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  9. 9.One clay diya costs ₹20 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  10. 10.One cup of lemonade costs ₹6 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹34 to make one paper bookmark. Tara sells it for ₹50. What is the profit on one (in ₹)?
  12. 12.It costs ₹26 to make one bag of popcorn. Ananya sells it for ₹33. What is the profit on one (in ₹)?
  13. 13.Ananya makes 21 friendship bands at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  14. 14.It costs ₹57 to make one potted plant. On the last day Gurpreet sells it for only ₹50. How much is the loss on one (in ₹)?
  15. 15.It costs ₹22 to make one clay diya. On the last day Ananya sells it for only ₹12. How much is the loss on one (in ₹)?
  16. 16.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  17. 17.One fruit cup costs Kabir ₹45 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.One clay diya costs Ananya ₹41 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One paper bookmark costs Aarav ₹45 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹59 to make one friendship band. Joseph sells it for ₹66. What is the profit on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
  22. 22.One fruit cup costs ₹45 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price you sell at” is the selling price. (a) False (b) True
  24. 24.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.It costs ₹56 to make one painted pebble. Kabir sells it for ₹62. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹12 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “the price on your board” is the selling price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the cost price. (a) True (b) False
  30. 30.One cup of lemonade costs Ananya ₹22 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Rohan makes 14 cups of lemonade at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  32. 32.One glass of chai costs Gurpreet ₹37 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹35 to make one potted plant. Diya sells it for ₹50. What is the profit on one (in ₹)?
  34. 34.It costs ₹68 to make one paper bookmark. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  35. 35.It costs ₹12 to make one jute bag. Aarav sells it for ₹29. What is the profit on one (in ₹)?
  36. 36.It costs ₹45 to make one cupcake. Meera sells it for ₹64. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹56 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.One paper bookmark costs Farhan ₹17 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “cost of making one” is the selling price. (a) False (b) True
  40. 40.Gurpreet makes 21 cups of lemonade at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?

Answer key

  1. 2
  2. selling price
  3. what it cost you
  4. cost price
  5. Profit
  6. 88
  7. cost price
  8. SP less than CP
  9. 27
  10. 9
  11. 16
  12. 7
  13. 294
  14. 7
  15. 10
  16. what the buyer pays
  17. Loss
  18. Loss
  19. Loss
  20. 7
  21. False
  22. 50
  23. True
  24. SP more than CP
  25. cost price
  26. 6
  27. 15
  28. True
  29. True
  30. Profit
  31. 196
  32. Loss
  33. 15
  34. 9
  35. 17
  36. 19
  37. 66
  38. Profit
  39. False
  40. 63

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