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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 798 · 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.Diya makes 22 painted pebbles at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  2. 2.Gurpreet makes 21 glasses of chai at a cost of ₹6 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  3. 3.One bag of popcorn costs Tara ₹53 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.It costs ₹44 to make one cupcake. Aarav sells it for ₹62. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  8. 8.It costs ₹26 to make one paper bookmark. Joseph sells it for ₹31. What is the profit on one (in ₹)?
  9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
  10. 10.One paper bookmark costs ₹24 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  11. 11.One fruit cup costs ₹15 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.One paper bookmark costs ₹36 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.One cupcake costs Vihaan ₹19 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  18. 18.One paper bookmark costs ₹56 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.Zoya makes 13 paper bookmarks at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.True or false: “what you paid for it” is the selling price. (a) False (b) True
  22. 22.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  23. 23.True or false: “cost of making one” is the selling price. (a) False (b) True
  24. 24.It costs ₹42 to make one cup of lemonade. Meera sells it for ₹47. What is the profit on one (in ₹)?
  25. 25.One potted plant costs Rohan ₹44 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.One clay diya costs ₹39 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.Riya makes 24 bags of popcorn at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  29. 29.It costs ₹8 to make one paper bookmark. Vihaan sells it for ₹11. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  31. 31.One potted plant costs ₹5 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  34. 34.It costs ₹36 to make one friendship band. Riya sells it for ₹45. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs Kabir ₹20 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹33 to make one potted plant. Diya sells it for ₹42. What is the profit on one (in ₹)?
  37. 37.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  38. 38.True or false: “the price you sell at” is the cost price. (a) False (b) True
  39. 39.One handmade card costs ₹24 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹44 to make one paper bookmark. Saanvi sells it for ₹50. What is the profit on one (in ₹)?

Answer key

  1. 308
  2. 21
  3. Loss
  4. 18
  5. cost price
  6. cost price
  7. SP less than CP
  8. 5
  9. False
  10. 44
  11. 19
  12. 50
  13. False
  14. cost price
  15. True
  16. Loss
  17. what the buyer pays
  18. 76
  19. True
  20. 91
  21. False
  22. what it cost you
  23. False
  24. 5
  25. Loss
  26. True
  27. 58
  28. 360
  29. 3
  30. selling price
  31. 7
  32. selling price
  33. True
  34. 9
  35. Profit
  36. 9
  37. SP more than CP
  38. False
  39. 28
  40. 6

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