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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 827 · 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.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.It costs ₹29 to make one potted plant. Nisha sells it for ₹43. What is the profit on one (in ₹)?
  4. 4.It costs ₹53 to make one potted plant. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  5. 5.It costs ₹38 to make one potted plant. On the last day Farhan sells it for only ₹33. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  7. 7.One handmade card costs ₹16 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.It costs ₹48 to make one clay diya. Meera sells it for ₹50. What is the profit on one (in ₹)?
  10. 10.True or false: “the price you sell at” is the cost price. (a) True (b) False
  11. 11.Saanvi makes 13 friendship bands at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  12. 12.Aarav makes 7 painted pebbles at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  13. 13.Riya makes 14 jute bags at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  14. 14.It costs ₹46 to make one glass of chai. On the last day Dev sells it for only ₹37. How much is the loss on one (in ₹)?
  15. 15.One cup of lemonade costs Aarav ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.One potted plant costs ₹51 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.Diya makes 23 friendship bands at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.It costs ₹37 to make one cup of lemonade. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
  23. 23.Gurpreet makes 28 fruit cups at a cost of ₹40 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  24. 24.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  25. 25.One handmade card costs Tara ₹51 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.It costs ₹54 to make one handmade card. On the last day Dev sells it for only ₹50. How much is the loss on one (in ₹)?
  28. 28.Gurpreet makes 26 friendship bands at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  29. 29.It costs ₹57 to make one fruit cup. Kabir sells it for ₹65. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹26 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  31. 31.One fruit cup costs Tara ₹31 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹48 to make one handmade card. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  33. 33.One cup of lemonade costs Diya ₹16 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One clay diya costs ₹56 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹41 to make one potted plant. Joseph sells it for ₹60. What is the profit on one (in ₹)?
  36. 36.Joseph makes 30 cupcakes at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  37. 37.Riya makes 18 glasses of chai at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  38. 38.One clay diya costs ₹24 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  40. 40.Gurpreet makes 27 fruit cups at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. selling price
  3. 14
  4. 10
  5. 5
  6. SP more than CP
  7. 24
  8. False
  9. 2
  10. False
  11. 169
  12. 105
  13. 210
  14. 9
  15. Loss
  16. cost price
  17. selling price
  18. 68
  19. selling price
  20. 253
  21. cost price
  22. 6
  23. 392
  24. what the buyer pays
  25. Loss
  26. False
  27. 4
  28. 78
  29. 8
  30. 42
  31. Profit
  32. 2
  33. Profit
  34. 76
  35. 19
  36. 270
  37. 18
  38. 44
  39. cost price
  40. 81

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