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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 779 · 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.True or false: “the price on your board” is the selling price. (a) False (b) True
  2. 2.It costs ₹37 to make one jute bag. Ananya sells it for ₹56. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.It costs ₹24 to make one bag of popcorn. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  5. 5.It costs ₹24 to make one bag of popcorn. On the last day Farhan sells it for only ₹18. How much is the loss on one (in ₹)?
  6. 6.Saanvi makes 19 jute bags at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  8. 8.It costs ₹18 to make one glass of chai. Dev sells it for ₹23. What is the profit on one (in ₹)?
  9. 9.Gurpreet makes 10 fruit cups at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  10. 10.One handmade card costs Farhan ₹28 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.Meera makes 18 handmade cards at a cost of ₹25 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  12. 12.It costs ₹48 to make one fruit cup. On the last day Farhan sells it for only ₹46. How much is the loss on one (in ₹)?
  13. 13.One cupcake costs ₹41 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  15. 15.True or false: “the price you sell at” is the selling price. (a) False (b) True
  16. 16.One painted pebble costs Farhan ₹54 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.True or false: “what you paid for it” is the selling price. (a) False (b) True
  20. 20.One friendship band costs Joseph ₹56 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One jute bag costs Kavya ₹31 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Vihaan makes 5 friendship bands at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  23. 23.It costs ₹15 to make one clay diya. On the last day Joseph sells it for only ₹10. How much is the loss on one (in ₹)?
  24. 24.It costs ₹59 to make one fruit cup. Arjun sells it for ₹61. What is the profit on one (in ₹)?
  25. 25.It costs ₹39 to make one handmade card. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  26. 26.It costs ₹27 to make one glass of chai. Ananya sells it for ₹34. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹27 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.It costs ₹44 to make one glass of chai. On the last day Saanvi sells it for only ₹42. How much is the loss on one (in ₹)?
  32. 32.Zoya makes 29 paper bookmarks at a cost of ₹20 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.Joseph makes 25 cupcakes at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  35. 35.Joseph makes 13 cupcakes at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  36. 36.It costs ₹27 to make one paper bookmark. Tara sells it for ₹29. What is the profit on one (in ₹)?
  37. 37.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  38. 38.It costs ₹40 to make one glass of chai. On the last day Gurpreet sells it for only ₹38. How much is the loss on one (in ₹)?
  39. 39.One glass of chai costs ₹10 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. True
  2. 19
  3. selling price
  4. 10
  5. 6
  6. 171
  7. SP more than CP
  8. 5
  9. 20
  10. Profit
  11. 180
  12. 2
  13. 45
  14. cost price
  15. True
  16. Profit
  17. True
  18. True
  19. False
  20. Loss
  21. Profit
  22. 70
  23. 5
  24. 2
  25. 1
  26. 7
  27. 40
  28. False
  29. False
  30. False
  31. 2
  32. 232
  33. 225
  34. selling price
  35. 130
  36. 2
  37. SP less than CP
  38. 2
  39. 26
  40. cost price

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