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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 866 · 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.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  2. 2.True or false: “money spent to get it” is the cost price. (a) True (b) False
  3. 3.It costs ₹44 to make one potted plant. On the last day Ishaan sells it for only ₹39. How much is the loss on one (in ₹)?
  4. 4.Zoya makes 16 painted pebbles at a cost of ₹24 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.True or false: “money spent to get it” is the selling price. (a) True (b) False
  7. 7.One painted pebble costs ₹22 to make. Farhan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.One cup of lemonade costs ₹24 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  10. 10.Joseph makes 11 glasses of chai at a cost of ₹13 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  11. 11.One jute bag costs ₹27 to make. Gurpreet wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  12. 12.Zoya makes 5 clay diyas at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  13. 13.It costs ₹42 to make one clay diya. Rohan sells it for ₹47. What is the profit on one (in ₹)?
  14. 14.Joseph makes 10 cups of lemonade at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  15. 15.One clay diya costs ₹28 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “money got from a sale” is the cost price. (a) False (b) True
  17. 17.It costs ₹17 to make one cup of lemonade. Lakshmi sells it for ₹22. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs Dev ₹52 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹43 to make one jute bag. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
  20. 20.Kavya makes 6 paper bookmarks at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.One jute bag costs ₹5 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  22. 22.Riya makes 14 painted pebbles at a cost of ₹15 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  23. 23.Diya makes 12 handmade cards at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  26. 26.One handmade card costs ₹58 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.True or false: “the price on your board” is the cost price. (a) False (b) True
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.It costs ₹37 to make one handmade card. On the last day Zoya sells it for only ₹31. How much is the loss on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.Aarav makes 12 paper bookmarks at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  34. 34.It costs ₹11 to make one glass of chai. Kabir sells it for ₹12. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs Rohan ₹28 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹23 to make one bag of popcorn. On the last day Arjun sells it for only ₹13. How much is the loss on one (in ₹)?
  37. 37.It costs ₹50 to make one painted pebble. On the last day Ananya sells it for only ₹48. How much is the loss on one (in ₹)?
  38. 38.It costs ₹28 to make one friendship band. Lakshmi sells it for ₹45. What is the profit on one (in ₹)?
  39. 39.It costs ₹14 to make one bag of popcorn. Kabir sells it for ₹15. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs Farhan ₹32 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP more than CP
  2. True
  3. 5
  4. 208
  5. selling price
  6. False
  7. 37
  8. selling price
  9. 31
  10. 77
  11. 39
  12. 65
  13. 5
  14. 30
  15. 29
  16. False
  17. 5
  18. Profit
  19. 5
  20. 12
  21. 21
  22. 196
  23. 12
  24. selling price
  25. what it cost you
  26. 61
  27. cost price
  28. False
  29. False
  30. 6
  31. False
  32. False
  33. 48
  34. 1
  35. Loss
  36. 10
  37. 2
  38. 17
  39. 1
  40. Loss

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