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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 806 · 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 12 painted pebbles at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  2. 2.One handmade card costs ₹51 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  3. 3.Dev makes 13 handmade cards at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  4. 4.It costs ₹16 to make one potted plant. Tara sells it for ₹17. What is the profit on one (in ₹)?
  5. 5.It costs ₹11 to make one handmade card. On the last day Ananya sells it for only ₹7. How much is the loss on one (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
  7. 7.One glass of chai costs ₹14 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.It costs ₹18 to make one paper bookmark. Gurpreet sells it for ₹26. What is the profit on one (in ₹)?
  10. 10.Arjun makes 17 glasses of chai at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  11. 11.It costs ₹25 to make one handmade card. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs Nisha ₹41 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹39 to make one cup of lemonade. On the last day Saanvi sells it for only ₹34. How much is the loss on one (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  15. 15.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  16. 16.Kavya makes 5 cupcakes at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  17. 17.It costs ₹27 to make one painted pebble. Joseph sells it for ₹45. What is the profit on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.It costs ₹58 to make one cupcake. Dev sells it for ₹71. What is the profit on one (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.It costs ₹39 to make one handmade card. On the last day Rohan sells it for only ₹33. How much is the loss on one (in ₹)?
  22. 22.Farhan makes 26 fruit cups at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  23. 23.One handmade card costs Kabir ₹28 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One bag of popcorn costs Vihaan ₹50 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹55 to make one potted plant. On the last day Arjun sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.It costs ₹39 to make one paper bookmark. On the last day Meera sells it for only ₹30. How much is the loss on one (in ₹)?
  28. 28.One jute bag costs Meera ₹53 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  30. 30.It costs ₹22 to make one glass of chai. On the last day Arjun sells it for only ₹17. How much is the loss on one (in ₹)?
  31. 31.It costs ₹62 to make one handmade card. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  32. 32.Kavya makes 26 cups of lemonade at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.It costs ₹38 to make one paper bookmark. Tara sells it for ₹41. What is the profit on one (in ₹)?
  35. 35.Farhan makes 10 paper bookmarks at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  36. 36.It costs ₹14 to make one potted plant. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  38. 38.One painted pebble costs Saanvi ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “the price you sell at” is the cost price. (a) True (b) False
  40. 40.One painted pebble costs ₹55 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. 96
  2. 60
  3. 169
  4. 1
  5. 4
  6. True
  7. 28
  8. cost price
  9. 8
  10. 34
  11. 12
  12. Profit
  13. 5
  14. SP less than CP
  15. what the buyer pays
  16. 30
  17. 18
  18. True
  19. 13
  20. False
  21. 6
  22. 104
  23. Profit
  24. Profit
  25. 1
  26. selling price
  27. 9
  28. Profit
  29. what it cost you
  30. 5
  31. 7
  32. 78
  33. selling price
  34. 3
  35. 70
  36. 5
  37. cost price
  38. Loss
  39. False
  40. 73

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