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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 831 · 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.Lakshmi makes 27 potted plants at a cost of ₹23 each and sells all of them at ₹34 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.One potted plant costs ₹5 to make. Kavya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  5. 5.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  9. 9.Ananya makes 24 friendship bands at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  10. 10.It costs ₹12 to make one clay diya. On the last day Gurpreet sells it for only ₹11. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.It costs ₹56 to make one painted pebble. Dev sells it for ₹61. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.Dev makes 16 cups of lemonade at a cost of ₹26 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  16. 16.One paper bookmark costs ₹27 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹36 to make one friendship band. Joseph sells it for ₹42. What is the profit on one (in ₹)?
  18. 18.True or false: “what a customer pays” is the cost price. (a) True (b) False
  19. 19.One friendship band costs ₹43 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  20. 20.One handmade card costs Meera ₹23 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹21 to make one bag of popcorn. On the last day Riya sells it for only ₹19. How much is the loss on one (in ₹)?
  22. 22.It costs ₹24 to make one clay diya. Arjun sells it for ₹36. What is the profit on one (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.True or false: “the price you sell at” is the selling price. (a) False (b) True
  25. 25.Kavya makes 28 jute bags at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  26. 26.It costs ₹48 to make one paper bookmark. On the last day Kabir sells it for only ₹44. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.It costs ₹30 to make one painted pebble. On the last day Dev sells it for only ₹28. How much is the loss on one (in ₹)?
  29. 29.Diya makes 21 bags of popcorn at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  30. 30.It costs ₹20 to make one cupcake. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs Lakshmi ₹49 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the price on your board” is the cost price. (a) False (b) True
  33. 33.One fruit cup costs Aarav ₹35 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.It costs ₹22 to make one fruit cup. Ishaan sells it for ₹27. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹21 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹15 to make one paper bookmark. Dev sells it for ₹34. What is the profit on one (in ₹)?
  38. 38.It costs ₹13 to make one paper bookmark. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
  40. 40.One glass of chai costs Saanvi ₹38 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 297
  2. True
  3. 6
  4. what it cost you
  5. SP less than CP
  6. True
  7. cost price
  8. SP more than CP
  9. 336
  10. 1
  11. cost price
  12. 5
  13. cost price
  14. selling price
  15. 160
  16. 33
  17. 6
  18. False
  19. 61
  20. Loss
  21. 2
  22. 12
  23. True
  24. True
  25. 56
  26. 4
  27. selling price
  28. 2
  29. 273
  30. 2
  31. Profit
  32. False
  33. Profit
  34. selling price
  35. 5
  36. 23
  37. 19
  38. 11
  39. False
  40. Profit

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