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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 767 · 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 ₹37 to make one friendship band. On the last day Gurpreet sells it for only ₹28. How much is the loss on one (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) True (b) False
  3. 3.It costs ₹13 to make one painted pebble. Saanvi sells it for ₹22. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  5. 5.True or false: “what you paid for it” is the cost price. (a) True (b) False
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.It costs ₹24 to make one paper bookmark. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  9. 9.It costs ₹24 to make one cupcake. Farhan sells it for ₹32. What is the profit on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  11. 11.It costs ₹59 to make one cupcake. Ananya sells it for ₹71. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.Riya makes 6 friendship bands at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.It costs ₹46 to make one handmade card. On the last day Vihaan sells it for only ₹45. How much is the loss on one (in ₹)?
  16. 16.One jute bag costs Saanvi ₹55 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.It costs ₹41 to make one fruit cup. On the last day Meera sells it for only ₹34. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.It costs ₹55 to make one handmade card. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?
  20. 20.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  21. 21.It costs ₹14 to make one cup of lemonade. Dev sells it for ₹29. What is the profit on one (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.True or false: “what a customer pays” is the cost price. (a) True (b) False
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  25. 25.Ananya makes 25 clay diyas at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  26. 26.It costs ₹46 to make one handmade card. On the last day Dev sells it for only ₹43. How much is the loss on one (in ₹)?
  27. 27.It costs ₹52 to make one cupcake. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  28. 28.Farhan makes 6 paper bookmarks at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  29. 29.It costs ₹19 to make one fruit cup. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.One cupcake costs Ishaan ₹25 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹46 to make one paper bookmark. Tara sells it for ₹50. What is the profit on one (in ₹)?
  32. 32.It costs ₹15 to make one friendship band. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  33. 33.It costs ₹31 to make one jute bag. On the last day Zoya sells it for only ₹29. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  35. 35.One bag of popcorn costs ₹45 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹12 to make one painted pebble. Ishaan sells it for ₹22. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹47 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  38. 38.One cup of lemonade costs ₹18 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.One cup of lemonade costs Riya ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Nisha makes 19 fruit cups at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?

Answer key

  1. 9
  2. False
  3. 9
  4. what it cost you
  5. True
  6. True
  7. selling price
  8. 13
  9. 8
  10. SP less than CP
  11. 12
  12. cost price
  13. 6
  14. cost price
  15. 1
  16. Profit
  17. 7
  18. selling price
  19. 7
  20. what the buyer pays
  21. 15
  22. False
  23. False
  24. True
  25. 375
  26. 3
  27. 4
  28. 18
  29. 2
  30. Loss
  31. 4
  32. 6
  33. 2
  34. selling price
  35. 46
  36. 10
  37. 64
  38. 24
  39. Profit
  40. 57

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