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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 760 · 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 ₹8 to make one jute bag. Zoya sells it for ₹26. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs Kavya ₹32 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  4. 4.One cup of lemonade costs ₹30 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.It costs ₹33 to make one cup of lemonade. On the last day Nisha sells it for only ₹32. How much is the loss on one (in ₹)?
  8. 8.One cup of lemonade costs Diya ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹27 to make one bag of popcorn. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.It costs ₹24 to make one painted pebble. Kabir sells it for ₹39. What is the profit on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.Ananya makes 14 clay diyas at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.True or false: “the price you sell at” is the cost price. (a) False (b) True
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.One painted pebble costs ₹46 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.One bag of popcorn costs Tara ₹52 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One friendship band costs ₹19 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.It costs ₹36 to make one friendship band. Kabir sells it for ₹55. What is the profit on one (in ₹)?
  23. 23.It costs ₹21 to make one cupcake. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.It costs ₹45 to make one fruit cup. Ananya sells it for ₹47. What is the profit on one (in ₹)?
  26. 26.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  27. 27.One fruit cup costs Gurpreet ₹31 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  29. 29.It costs ₹47 to make one fruit cup. On the last day Meera sells it for only ₹39. How much is the loss on one (in ₹)?
  30. 30.Riya makes 13 fruit cups at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.It costs ₹30 to make one cup of lemonade. Tara sells it for ₹32. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹11 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  33. 33.Zoya makes 27 potted plants at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  36. 36.Kavya makes 18 painted pebbles at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  37. 37.One paper bookmark costs ₹31 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.One bag of popcorn costs ₹43 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹57 to make one bag of popcorn. On the last day Riya sells it for only ₹49. How much is the loss on one (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. 18
  2. Loss
  3. what it cost you
  4. 33
  5. selling price
  6. True
  7. 1
  8. Profit
  9. 6
  10. selling price
  11. cost price
  12. 15
  13. False
  14. 196
  15. True
  16. False
  17. True
  18. 55
  19. Loss
  20. 39
  21. True
  22. 19
  23. 1
  24. selling price
  25. 2
  26. what the buyer pays
  27. Loss
  28. SP more than CP
  29. 8
  30. 130
  31. 2
  32. 19
  33. 27
  34. cost price
  35. True
  36. 234
  37. 35
  38. 61
  39. 8
  40. False

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