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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 753 · 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.One friendship band costs ₹48 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹10 to make one bag of popcorn. Saanvi sells it for ₹18. What is the profit on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  4. 4.True or false: “money spent to get it” is the cost price. (a) False (b) True
  5. 5.Tara makes 17 glasses of chai at a cost of ₹30 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  6. 6.It costs ₹43 to make one potted plant. Farhan sells it for ₹47. What is the profit on one (in ₹)?
  7. 7.It costs ₹51 to make one jute bag. On the last day Vihaan sells it for only ₹45. How much is the loss on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  10. 10.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  11. 11.It costs ₹34 to make one friendship band. Kabir sells it for ₹42. What is the profit on one (in ₹)?
  12. 12.True or false: “the price you sell at” is the selling price. (a) False (b) True
  13. 13.It costs ₹39 to make one bag of popcorn. On the last day Rohan sells it for only ₹33. How much is the loss on one (in ₹)?
  14. 14.It costs ₹9 to make one paper bookmark. Arjun sells it for ₹14. What is the profit on one (in ₹)?
  15. 15.It costs ₹22 to make one cup of lemonade. Kabir sells it for ₹39. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹14 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  17. 17.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  18. 18.True or false: “money got from a sale” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.One handmade card costs ₹34 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  21. 21.One paper bookmark costs Meera ₹38 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Ishaan makes 24 jute bags at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  23. 23.It costs ₹19 to make one friendship band. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  24. 24.It costs ₹14 to make one potted plant. Vihaan sells it for ₹23. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.Lakshmi makes 9 paper bookmarks at a cost of ₹23 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  27. 27.It costs ₹14 to make one painted pebble. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  28. 28.It costs ₹15 to make one bag of popcorn. On the last day Meera sells it for only ₹14. How much is the loss on one (in ₹)?
  29. 29.It costs ₹24 to make one friendship band. On the last day Kavya sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) True (b) False
  31. 31.It costs ₹24 to make one potted plant. Vihaan sells it for ₹28. What is the profit on one (in ₹)?
  32. 32.It costs ₹26 to make one potted plant. On the last day Meera sells it for only ₹24. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.It costs ₹16 to make one handmade card. Joseph sells it for ₹25. What is the profit on one (in ₹)?
  35. 35.It costs ₹46 to make one bag of popcorn. Kabir sells it for ₹56. What is the profit on one (in ₹)?
  36. 36.It costs ₹35 to make one glass of chai. On the last day Ananya sells it for only ₹30. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  39. 39.It costs ₹29 to make one fruit cup. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?
  40. 40.One cupcake costs ₹24 to make. Saanvi wants a profit of ₹8 on each. What should the selling price be (in ₹)?

Answer key

  1. 58
  2. 8
  3. True
  4. True
  5. 119
  6. 4
  7. 6
  8. False
  9. what the buyer pays
  10. SP more than CP
  11. 8
  12. True
  13. 6
  14. 5
  15. 17
  16. 16
  17. SP less than CP
  18. False
  19. cost price
  20. 36
  21. Profit
  22. 72
  23. 9
  24. 9
  25. selling price
  26. 117
  27. 18
  28. 1
  29. 7
  30. True
  31. 4
  32. 2
  33. cost price
  34. 9
  35. 10
  36. 5
  37. what it cost you
  38. selling price
  39. 8
  40. 32

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