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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 812 · 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 ₹45 to make one handmade card. Arjun sells it for ₹64. What is the profit on one (in ₹)?
  2. 2.It costs ₹37 to make one fruit cup. Riya sells it for ₹48. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  7. 7.Arjun makes 25 painted pebbles at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  8. 8.One potted plant costs ₹55 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.It costs ₹53 to make one friendship band. On the last day Lakshmi sells it for only ₹50. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.One paper bookmark costs Ananya ₹29 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹17 to make one paper bookmark. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  15. 15.One glass of chai costs ₹6 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  16. 16.One clay diya costs Rohan ₹29 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One paper bookmark costs ₹40 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  19. 19.It costs ₹31 to make one potted plant. On the last day Riya sells it for only ₹30. How much is the loss on one (in ₹)?
  20. 20.Ishaan makes 22 cupcakes at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.It costs ₹59 to make one cupcake. On the last day Saanvi sells it for only ₹57. How much is the loss on one (in ₹)?
  22. 22.It costs ₹33 to make one handmade card. Saanvi sells it for ₹48. What is the profit on one (in ₹)?
  23. 23.It costs ₹44 to make one friendship band. On the last day Aarav sells it for only ₹35. How much is the loss on one (in ₹)?
  24. 24.Saanvi makes 23 glasses of chai at a cost of ₹29 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  25. 25.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  26. 26.It costs ₹43 to make one clay diya. Rohan sells it for ₹46. What is the profit on one (in ₹)?
  27. 27.Farhan makes 12 cupcakes at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  28. 28.Arjun makes 19 friendship bands at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  30. 30.One potted plant costs Tara ₹60 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹44 to make one fruit cup. On the last day Riya sells it for only ₹40. How much is the loss on one (in ₹)?
  32. 32.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.One fruit cup costs ₹6 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  35. 35.Diya makes 18 handmade cards at a cost of ₹19 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  36. 36.It costs ₹51 to make one cup of lemonade. Arjun sells it for ₹52. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.It costs ₹39 to make one clay diya. On the last day Farhan sells it for only ₹30. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  40. 40.One clay diya costs Tara ₹33 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 19
  2. 11
  3. selling price
  4. selling price
  5. False
  6. what it cost you
  7. 150
  8. 64
  9. True
  10. 3
  11. cost price
  12. Loss
  13. 12
  14. SP less than CP
  15. 20
  16. Profit
  17. 47
  18. selling price
  19. 1
  20. 22
  21. 2
  22. 15
  23. 9
  24. 23
  25. what the buyer pays
  26. 3
  27. 96
  28. 171
  29. cost price
  30. Loss
  31. 4
  32. SP more than CP
  33. False
  34. 18
  35. 180
  36. 1
  37. selling price
  38. 9
  39. cost price
  40. Loss

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