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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 807 · 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 ₹48 to make one jute bag. On the last day Saanvi sells it for only ₹38. How much is the loss on one (in ₹)?
  2. 2.It costs ₹23 to make one cup of lemonade. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  3. 3.It costs ₹14 to make one clay diya. Gurpreet sells it for ₹26. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs ₹25 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price you sell at” is the cost price. (a) False (b) True
  7. 7.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  8. 8.It costs ₹22 to make one jute bag. On the last day Lakshmi sells it for only ₹14. How much is the loss on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.One clay diya costs Lakshmi ₹59 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  12. 12.True or false: “what a customer pays” is the selling price. (a) True (b) False
  13. 13.It costs ₹52 to make one glass of chai. Tara sells it for ₹67. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) False (b) True
  15. 15.It costs ₹12 to make one cup of lemonade. On the last day Kavya sells it for only ₹6. How much is the loss on one (in ₹)?
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.True or false: “money got from a sale” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.One handmade card costs ₹19 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.Joseph makes 6 painted pebbles at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.Farhan makes 17 clay diyas at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  25. 25.Diya makes 6 friendship bands at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  26. 26.It costs ₹42 to make one friendship band. Diya sells it for ₹44. What is the profit on one (in ₹)?
  27. 27.Saanvi makes 20 glasses of chai at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  28. 28.It costs ₹15 to make one cupcake. Kabir sells it for ₹21. What is the profit on one (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  30. 30.Ishaan makes 27 cupcakes at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  31. 31.One glass of chai costs ₹32 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.True or false: “what you paid for it” is the cost price. (a) False (b) True
  34. 34.It costs ₹56 to make one fruit cup. Lakshmi sells it for ₹63. What is the profit on one (in ₹)?
  35. 35.Dev makes 25 painted pebbles at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  36. 36.Gurpreet makes 22 friendship bands at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.True or false: “what a customer pays” is the cost price. (a) True (b) False
  38. 38.One friendship band costs ₹25 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹31 to make one clay diya. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  40. 40.One handmade card costs ₹15 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. 10
  2. 6
  3. 12
  4. cost price
  5. 37
  6. False
  7. SP more than CP
  8. 8
  9. False
  10. Profit
  11. what it cost you
  12. True
  13. 15
  14. False
  15. 6
  16. True
  17. False
  18. cost price
  19. cost price
  20. 30
  21. 48
  22. selling price
  23. False
  24. 221
  25. 6
  26. 2
  27. 280
  28. 6
  29. True
  30. 378
  31. 39
  32. selling price
  33. True
  34. 7
  35. 50
  36. 242
  37. False
  38. 26
  39. 7
  40. 31

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