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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 824 · 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 ₹38 to make one paper bookmark. Diya sells it for ₹47. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  5. 5.Ananya makes 22 paper bookmarks at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  6. 6.One paper bookmark costs Farhan ₹22 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹25 to make one bag of popcorn. On the last day Aarav sells it for only ₹24. How much is the loss on one (in ₹)?
  8. 8.Aarav makes 10 jute bags at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  9. 9.It costs ₹21 to make one glass of chai. Ananya sells it for ₹40. What is the profit on one (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.True or false: “money spent to get it” is the cost price. (a) False (b) True
  13. 13.It costs ₹48 to make one cup of lemonade. Kavya sells it for ₹61. What is the profit on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.One friendship band costs ₹51 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “what you paid for it” is the selling price. (a) False (b) True
  17. 17.It costs ₹48 to make one friendship band. Joseph sells it for ₹51. What is the profit on one (in ₹)?
  18. 18.Diya makes 16 handmade cards at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.It costs ₹6 to make one jute bag. Rohan sells it for ₹13. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  21. 21.True or false: “cost of making one” is the selling price. (a) False (b) True
  22. 22.Kabir makes 5 friendship bands at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  23. 23.One painted pebble costs Ananya ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.Rohan makes 13 handmade cards at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  27. 27.One cupcake costs Tara ₹32 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Gurpreet makes 23 glasses of chai at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  29. 29.It costs ₹44 to make one handmade card. Ishaan sells it for ₹51. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  31. 31.Farhan makes 30 jute bags at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  32. 32.It costs ₹68 to make one fruit cup. On the last day Zoya sells it for only ₹60. How much is the loss on one (in ₹)?
  33. 33.It costs ₹14 to make one handmade card. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  34. 34.One clay diya costs Zoya ₹53 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the price on your board” is the cost price. (a) True (b) False
  36. 36.One glass of chai costs Nisha ₹57 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.It costs ₹40 to make one painted pebble. Dev sells it for ₹49. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs Lakshmi ₹37 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 9
  2. SP more than CP
  3. cost price
  4. SP less than CP
  5. 242
  6. Profit
  7. 1
  8. 120
  9. 19
  10. True
  11. False
  12. True
  13. 13
  14. True
  15. 62
  16. False
  17. 3
  18. 48
  19. 7
  20. what it cost you
  21. False
  22. 55
  23. Loss
  24. selling price
  25. cost price
  26. 169
  27. Loss
  28. 46
  29. 7
  30. selling price
  31. 30
  32. 8
  33. 16
  34. Loss
  35. False
  36. Profit
  37. selling price
  38. True
  39. 9
  40. Loss

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