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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 789 · 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 ₹15 to make one fruit cup. Kavya sells it for ₹23. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  3. 3.It costs ₹60 to make one paper bookmark. On the last day Kavya sells it for only ₹50. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.One friendship band costs Kavya ₹18 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  7. 7.It costs ₹42 to make one jute bag. Vihaan sells it for ₹54. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹31 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹27 to make one cup of lemonade. On the last day Rohan sells it for only ₹19. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.True or false: “cost of making one” is the selling price. (a) True (b) False
  12. 12.It costs ₹16 to make one cup of lemonade. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  13. 13.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  14. 14.One potted plant costs Diya ₹44 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹63 to make one bag of popcorn. On the last day Aarav sells it for only ₹53. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.One potted plant costs ₹40 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  18. 18.Diya makes 11 cupcakes at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  19. 19.One jute bag costs ₹37 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.It costs ₹54 to make one jute bag. On the last day Gurpreet sells it for only ₹44. How much is the loss on one (in ₹)?
  23. 23.It costs ₹47 to make one handmade card. On the last day Tara sells it for only ₹41. How much is the loss on one (in ₹)?
  24. 24.It costs ₹6 to make one jute bag. Meera sells it for ₹11. What is the profit on one (in ₹)?
  25. 25.It costs ₹58 to make one painted pebble. Farhan sells it for ₹66. What is the profit on one (in ₹)?
  26. 26.One clay diya costs ₹41 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹30 to make one potted plant. On the last day Lakshmi sells it for only ₹20. How much is the loss on one (in ₹)?
  28. 28.One fruit cup costs Zoya ₹18 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One jute bag costs Gurpreet ₹46 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Gurpreet makes 18 jute bags at a cost of ₹35 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  31. 31.It costs ₹30 to make one handmade card. On the last day Meera sells it for only ₹28. How much is the loss on one (in ₹)?
  32. 32.Diya makes 18 bags of popcorn at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  33. 33.Arjun makes 29 fruit cups at a cost of ₹35 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  35. 35.Diya makes 8 bags of popcorn at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  36. 36.True or false: “the price you sell at” is the cost price. (a) True (b) False
  37. 37.Arjun makes 13 cups of lemonade at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.True or false: “the price you sell at” is the selling price. (a) True (b) False
  40. 40.It costs ₹24 to make one handmade card. On the last day Lakshmi sells it for only ₹22. How much is the loss on one (in ₹)?

Answer key

  1. 8
  2. SP more than CP
  3. 10
  4. cost price
  5. Profit
  6. True
  7. 12
  8. 37
  9. 8
  10. selling price
  11. False
  12. 9
  13. what the buyer pays
  14. Loss
  15. 10
  16. cost price
  17. 57
  18. 22
  19. 43
  20. False
  21. True
  22. 10
  23. 6
  24. 5
  25. 8
  26. 53
  27. 10
  28. Loss
  29. Profit
  30. 234
  31. 2
  32. 90
  33. 58
  34. what it cost you
  35. 32
  36. False
  37. 143
  38. True
  39. True
  40. 2

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