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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 847 · 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 ₹55 to make one bag of popcorn. On the last day Saanvi sells it for only ₹47. How much is the loss on one (in ₹)?
  2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
  3. 3.It costs ₹41 to make one friendship band. On the last day Rohan sells it for only ₹36. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.It costs ₹21 to make one potted plant. On the last day Arjun sells it for only ₹12. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.It costs ₹47 to make one clay diya. Ananya sells it for ₹55. What is the profit on one (in ₹)?
  9. 9.It costs ₹43 to make one fruit cup. Rohan sells it for ₹62. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.It costs ₹41 to make one potted plant. On the last day Joseph sells it for only ₹33. How much is the loss on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  15. 15.One friendship band costs ₹60 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  16. 16.Dev makes 30 jute bags at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.Lakshmi makes 29 painted pebbles at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  19. 19.One handmade card costs Kabir ₹59 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “what you paid for it” is the selling price. (a) True (b) False
  21. 21.True or false: “the price you sell at” is the selling price. (a) True (b) False
  22. 22.Kabir makes 15 potted plants at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  23. 23.One bag of popcorn costs ₹5 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  24. 24.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  25. 25.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  27. 27.One glass of chai costs ₹5 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  28. 28.One paper bookmark costs Joseph ₹29 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One fruit cup costs Diya ₹36 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.Aarav makes 24 cups of lemonade at a cost of ₹15 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  32. 32.It costs ₹40 to make one cup of lemonade. Dev sells it for ₹46. What is the profit on one (in ₹)?
  33. 33.It costs ₹18 to make one clay diya. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  34. 34.It costs ₹65 to make one fruit cup. On the last day Diya sells it for only ₹60. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  36. 36.True or false: “what a customer pays” is the cost price. (a) False (b) True
  37. 37.One friendship band costs ₹48 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  38. 38.One jute bag costs ₹46 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹5 to make one glass of chai. Arjun sells it for ₹6. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs Riya ₹34 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 8
  2. False
  3. 5
  4. selling price
  5. 9
  6. cost price
  7. True
  8. 8
  9. 19
  10. cost price
  11. cost price
  12. selling price
  13. 8
  14. SP less than CP
  15. 61
  16. 90
  17. 319
  18. what it cost you
  19. Profit
  20. False
  21. True
  22. 180
  23. 10
  24. what the buyer pays
  25. SP more than CP
  26. False
  27. 22
  28. Loss
  29. Profit
  30. True
  31. 336
  32. 6
  33. 3
  34. 5
  35. selling price
  36. False
  37. 61
  38. 61
  39. 1
  40. Profit

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