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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 77 · 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.Ishaan makes 8 potted plants at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.True or false: “cost of making one” is the selling price. (a) False (b) True
  4. 4.It costs ₹52 to make one jute bag. Diya sells it for ₹70. What is the profit on one (in ₹)?
  5. 5.It costs ₹36 to make one clay diya. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  7. 7.Lakshmi makes 25 paper bookmarks at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  8. 8.It costs ₹35 to make one cupcake. Meera sells it for ₹38. What is the profit on one (in ₹)?
  9. 9.Joseph makes 28 paper bookmarks at a cost of ₹8 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  10. 10.One jute bag costs ₹16 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹52 to make one cupcake. On the last day Arjun sells it for only ₹46. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.True or false: “money spent to get it” is the cost price. (a) False (b) True
  14. 14.One painted pebble costs ₹38 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  16. 16.True or false: “the price on your board” is the selling price. (a) False (b) True
  17. 17.It costs ₹14 to make one fruit cup. On the last day Meera sells it for only ₹5. How much is the loss on one (in ₹)?
  18. 18.One cupcake costs Ishaan ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One clay diya costs ₹33 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  20. 20.One painted pebble costs Kavya ₹43 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One clay diya costs Gurpreet ₹44 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.It costs ₹48 to make one handmade card. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  24. 24.One cup of lemonade costs ₹46 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  25. 25.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.True or false: “money got from a sale” is the cost price. (a) False (b) True
  28. 28.It costs ₹49 to make one cup of lemonade. Farhan sells it for ₹52. What is the profit on one (in ₹)?
  29. 29.It costs ₹53 to make one cupcake. Zoya sells it for ₹54. What is the profit on one (in ₹)?
  30. 30.Ishaan makes 8 fruit cups at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  32. 32.It costs ₹57 to make one potted plant. Kabir sells it for ₹70. What is the profit on one (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  34. 34.One jute bag costs Arjun ₹17 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹18 to make one glass of chai. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs Diya ₹28 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One glass of chai costs Diya ₹26 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹43 to make one friendship band. Meera sells it for ₹55. What is the profit on one (in ₹)?
  39. 39.Arjun makes 19 fruit cups at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  40. 40.Diya makes 29 fruit cups at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?

Answer key

  1. 104
  2. False
  3. False
  4. 18
  5. 6
  6. SP less than CP
  7. 50
  8. 3
  9. 336
  10. 21
  11. 6
  12. cost price
  13. True
  14. 48
  15. SP more than CP
  16. True
  17. 9
  18. Loss
  19. 36
  20. Profit
  21. Profit
  22. cost price
  23. 8
  24. 62
  25. what the buyer pays
  26. selling price
  27. False
  28. 3
  29. 1
  30. 80
  31. what it cost you
  32. 13
  33. False
  34. Loss
  35. 12
  36. Loss
  37. Loss
  38. 12
  39. 38
  40. 29

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