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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 816 · 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 ₹36 to make one painted pebble. Vihaan sells it for ₹37. What is the profit on one (in ₹)?
  2. 2.Gurpreet makes 19 jute bags at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  3. 3.It costs ₹7 to make one handmade card. Lakshmi sells it for ₹9. What is the profit on one (in ₹)?
  4. 4.True or false: “cost of making one” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  7. 7.It costs ₹66 to make one potted plant. On the last day Tara sells it for only ₹56. How much is the loss on one (in ₹)?
  8. 8.One paper bookmark costs Saanvi ₹58 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.It costs ₹25 to make one bag of popcorn. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.It costs ₹49 to make one fruit cup. Kavya sells it for ₹58. What is the profit on one (in ₹)?
  16. 16.It costs ₹12 to make one potted plant. Zoya sells it for ₹25. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.It costs ₹51 to make one painted pebble. Vihaan sells it for ₹64. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹18 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹19 to make one friendship band. Kabir sells it for ₹25. What is the profit on one (in ₹)?
  21. 21.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  22. 22.One cup of lemonade costs Dev ₹32 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹24 to make one cupcake. Rohan sells it for ₹38. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹46 to make one handmade card. On the last day Vihaan sells it for only ₹44. How much is the loss on one (in ₹)?
  26. 26.Lakshmi makes 17 painted pebbles at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  27. 27.One clay diya costs Rohan ₹55 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “the price on your board” is the selling price. (a) True (b) False
  29. 29.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  30. 30.It costs ₹16 to make one cup of lemonade. Meera sells it for ₹29. What is the profit on one (in ₹)?
  31. 31.Meera makes 6 painted pebbles at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  32. 32.It costs ₹19 to make one fruit cup. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.One clay diya costs ₹47 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) False (b) True
  35. 35.It costs ₹52 to make one fruit cup. Ananya sells it for ₹65. What is the profit on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) False (b) True
  37. 37.One glass of chai costs Diya ₹43 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One clay diya costs ₹58 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹30 to make one potted plant. On the last day Tara sells it for only ₹28. How much is the loss on one (in ₹)?
  40. 40.One clay diya costs ₹37 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. 1
  2. 57
  3. 2
  4. True
  5. selling price
  6. SP more than CP
  7. 10
  8. Loss
  9. cost price
  10. what it cost you
  11. cost price
  12. selling price
  13. 9
  14. True
  15. 9
  16. 13
  17. cost price
  18. 13
  19. 27
  20. 6
  21. what the buyer pays
  22. Loss
  23. 14
  24. cost price
  25. 2
  26. 51
  27. Profit
  28. True
  29. SP less than CP
  30. 13
  31. 30
  32. 2
  33. 54
  34. False
  35. 13
  36. False
  37. Loss
  38. 66
  39. 2
  40. 48

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