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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 804 · 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.Saanvi makes 18 clay diyas at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  2. 2.It costs ₹60 to make one fruit cup. On the last day Vihaan sells it for only ₹58. How much is the loss on one (in ₹)?
  3. 3.It costs ₹54 to make one cupcake. Ishaan sells it for ₹68. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹27 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price on your board” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.One painted pebble costs ₹31 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.One friendship band costs Meera ₹32 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  13. 13.It costs ₹47 to make one fruit cup. On the last day Joseph sells it for only ₹41. How much is the loss on one (in ₹)?
  14. 14.One friendship band costs ₹47 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.One jute bag costs Rohan ₹52 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹17 to make one fruit cup. On the last day Saanvi sells it for only ₹13. How much is the loss on one (in ₹)?
  19. 19.It costs ₹53 to make one jute bag. On the last day Dev sells it for only ₹52. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  21. 21.Aarav makes 17 glasses of chai at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.One cup of lemonade costs Nisha ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One cup of lemonade costs Aarav ₹19 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Nisha makes 26 cupcakes at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  26. 26.One clay diya costs ₹28 to make. Lakshmi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹36 to make one jute bag. On the last day Ishaan sells it for only ₹26. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.It costs ₹22 to make one handmade card. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  30. 30.One potted plant costs ₹9 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.One painted pebble costs Gurpreet ₹22 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹21 to make one paper bookmark. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  33. 33.Farhan makes 27 handmade cards at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  34. 34.It costs ₹16 to make one painted pebble. Farhan sells it for ₹36. What is the profit on one (in ₹)?
  35. 35.One friendship band costs Diya ₹28 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.True or false: “money spent to get it” is the cost price. (a) False (b) True
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  39. 39.One cupcake costs ₹39 to make. Lakshmi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price

Answer key

  1. 252
  2. 2
  3. 14
  4. 40
  5. True
  6. cost price
  7. 50
  8. SP less than CP
  9. False
  10. Profit
  11. what the buyer pays
  12. False
  13. 6
  14. 53
  15. False
  16. selling price
  17. Loss
  18. 4
  19. 1
  20. selling price
  21. 187
  22. True
  23. Profit
  24. Loss
  25. 52
  26. 48
  27. 10
  28. cost price
  29. 3
  30. 22
  31. Loss
  32. 10
  33. 81
  34. 20
  35. Profit
  36. True
  37. True
  38. selling price
  39. 46
  40. cost price

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