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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 841 · 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 ₹25 to make one jute bag. On the last day Tara sells it for only ₹16. How much is the loss on one (in ₹)?
  2. 2.It costs ₹49 to make one clay diya. Rohan sells it for ₹52. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹22 to make. Ishaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  4. 4.Kavya makes 22 paper bookmarks at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.True or false: “money got from a sale” is the cost price. (a) False (b) True
  9. 9.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.Meera makes 23 clay diyas at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.It costs ₹17 to make one paper bookmark. On the last day Meera sells it for only ₹14. How much is the loss on one (in ₹)?
  16. 16.One fruit cup costs ₹19 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “money spent to get it” is the cost price. (a) True (b) False
  18. 18.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  19. 19.It costs ₹50 to make one bag of popcorn. Riya sells it for ₹63. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  22. 22.It costs ₹36 to make one paper bookmark. Meera sells it for ₹41. What is the profit on one (in ₹)?
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.One handmade card costs ₹21 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  27. 27.Vihaan makes 25 painted pebbles at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  28. 28.One glass of chai costs ₹13 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹21 to make one cup of lemonade. On the last day Vihaan sells it for only ₹16. How much is the loss on one (in ₹)?
  30. 30.It costs ₹40 to make one jute bag. Ananya sells it for ₹45. What is the profit on one (in ₹)?
  31. 31.It costs ₹37 to make one glass of chai. On the last day Lakshmi sells it for only ₹35. How much is the loss on one (in ₹)?
  32. 32.One cupcake costs ₹54 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.One bag of popcorn costs Riya ₹34 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One cupcake costs ₹53 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹44 to make one cup of lemonade. Diya sells it for ₹45. What is the profit on one (in ₹)?
  37. 37.Tara makes 11 fruit cups at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  38. 38.It costs ₹12 to make one cupcake. Ishaan sells it for ₹26. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹56 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price

Answer key

  1. 9
  2. 3
  3. 28
  4. 88
  5. False
  6. what it cost you
  7. cost price
  8. False
  9. SP more than CP
  10. selling price
  11. 23
  12. False
  13. True
  14. False
  15. 3
  16. 22
  17. True
  18. SP less than CP
  19. 13
  20. cost price
  21. selling price
  22. 5
  23. True
  24. 22
  25. False
  26. selling price
  27. 50
  28. 25
  29. 5
  30. 5
  31. 2
  32. 72
  33. cost price
  34. Loss
  35. 56
  36. 1
  37. 66
  38. 14
  39. 58
  40. cost price

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