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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 830 · 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.Aarav makes 8 cupcakes at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  2. 2.True or false: “cost of making one” is the cost price. (a) False (b) True
  3. 3.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.Tara makes 7 clay diyas at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  6. 6.True or false: “what you paid for it” is the selling price. (a) True (b) False
  7. 7.It costs ₹22 to make one potted plant. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  8. 8.It costs ₹27 to make one clay diya. On the last day Riya sells it for only ₹22. How much is the loss on one (in ₹)?
  9. 9.True or false: “the price you sell at” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.One handmade card costs ₹54 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.One clay diya costs ₹40 to make. Tara wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.One glass of chai costs ₹10 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.One jute bag costs ₹10 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  21. 21.Zoya makes 11 jute bags at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) False (b) True
  23. 23.It costs ₹55 to make one paper bookmark. On the last day Aarav sells it for only ₹49. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  25. 25.It costs ₹57 to make one friendship band. Kabir sells it for ₹71. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.It costs ₹41 to make one friendship band. On the last day Dev sells it for only ₹32. How much is the loss on one (in ₹)?
  28. 28.Vihaan makes 30 cupcakes at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  29. 29.It costs ₹11 to make one cup of lemonade. Diya sells it for ₹15. What is the profit on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the cost price. (a) False (b) True
  31. 31.Diya makes 17 bags of popcorn at a cost of ₹8 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.Diya makes 23 jute bags at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  34. 34.One jute bag costs Arjun ₹48 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹19 to make one fruit cup. On the last day Riya sells it for only ₹12. How much is the loss on one (in ₹)?
  36. 36.Zoya makes 24 fruit cups at a cost of ₹21 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  37. 37.It costs ₹29 to make one clay diya. On the last day Saanvi sells it for only ₹27. How much is the loss on one (in ₹)?
  38. 38.It costs ₹10 to make one clay diya. Zoya sells it for ₹28. What is the profit on one (in ₹)?
  39. 39.True or false: “cost of making one” is the selling price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. 32
  2. True
  3. SP more than CP
  4. False
  5. 84
  6. False
  7. 6
  8. 5
  9. True
  10. selling price
  11. 60
  12. cost price
  13. 55
  14. False
  15. 28
  16. True
  17. SP less than CP
  18. cost price
  19. 22
  20. cost price
  21. 165
  22. True
  23. 6
  24. what it cost you
  25. 14
  26. selling price
  27. 9
  28. 30
  29. 4
  30. True
  31. 204
  32. False
  33. 230
  34. Profit
  35. 7
  36. 192
  37. 2
  38. 18
  39. False
  40. cost price

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