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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 840 · 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.One painted pebble costs Lakshmi ₹41 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.Kavya makes 23 bags of popcorn at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  3. 3.Gurpreet makes 13 friendship bands at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  4. 4.One handmade card costs ₹12 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.One glass of chai costs Diya ₹21 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.It costs ₹56 to make one cup of lemonade. Joseph sells it for ₹65. What is the profit on one (in ₹)?
  8. 8.One jute bag costs Rohan ₹31 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.It costs ₹31 to make one fruit cup. Ishaan sells it for ₹41. What is the profit on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.It costs ₹33 to make one clay diya. On the last day Rohan sells it for only ₹28. How much is the loss on one (in ₹)?
  15. 15.It costs ₹7 to make one glass of chai. On the last day Lakshmi sells it for only ₹6. How much is the loss on one (in ₹)?
  16. 16.It costs ₹23 to make one jute bag. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  17. 17.Nisha makes 24 paper bookmarks at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) True (b) False
  19. 19.Diya makes 19 fruit cups at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  20. 20.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.One potted plant costs ₹11 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “money spent to get it” is the cost price. (a) False (b) True
  24. 24.It costs ₹42 to make one cup of lemonade. On the last day Zoya sells it for only ₹37. How much is the loss on one (in ₹)?
  25. 25.True or false: “cost of making one” is the selling price. (a) True (b) False
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  28. 28.One fruit cup costs Nisha ₹54 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹52 to make one fruit cup. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  30. 30.One fruit cup costs Nisha ₹51 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “money got from a sale” is the cost price. (a) True (b) False
  32. 32.One fruit cup costs Dev ₹20 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹13 to make one glass of chai. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.Zoya makes 22 friendship bands at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  36. 36.One fruit cup costs ₹54 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “what a customer pays” is the selling price. (a) True (b) False
  38. 38.Diya makes 15 fruit cups at a cost of ₹22 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  39. 39.One painted pebble costs Zoya ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you

Answer key

  1. Profit
  2. 276
  3. 91
  4. 14
  5. Profit
  6. True
  7. 9
  8. Profit
  9. cost price
  10. cost price
  11. 10
  12. SP more than CP
  13. cost price
  14. 5
  15. 1
  16. 5
  17. 96
  18. False
  19. 171
  20. SP less than CP
  21. cost price
  22. 21
  23. True
  24. 5
  25. False
  26. True
  27. what it cost you
  28. Loss
  29. 1
  30. Loss
  31. False
  32. Profit
  33. 6
  34. False
  35. 88
  36. 60
  37. True
  38. 135
  39. Profit
  40. what the buyer pays

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