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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 868 · 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.True or false: “money spent to get it” is the selling price. (a) False (b) True
  2. 2.Vihaan makes 6 jute bags at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  3. 3.Joseph makes 25 clay diyas at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  4. 4.One potted plant costs ₹30 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.One paper bookmark costs ₹57 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the selling price. (a) False (b) True
  8. 8.It costs ₹26 to make one cup of lemonade. On the last day Saanvi sells it for only ₹19. How much is the loss on one (in ₹)?
  9. 9.Zoya makes 19 paper bookmarks at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  10. 10.It costs ₹21 to make one bag of popcorn. Joseph sells it for ₹22. What is the profit on one (in ₹)?
  11. 11.Ananya makes 10 bags of popcorn at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.One bag of popcorn costs Rohan ₹27 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹40 to make one paper bookmark. Kavya sells it for ₹43. What is the profit on one (in ₹)?
  17. 17.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  18. 18.Ishaan makes 15 cups of lemonade at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) False (b) True
  20. 20.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  21. 21.One fruit cup costs Nisha ₹59 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.It costs ₹23 to make one jute bag. Meera sells it for ₹32. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.One clay diya costs ₹15 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.One potted plant costs Meera ₹60 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One paper bookmark costs ₹24 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.Aarav makes 7 friendship bands at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  31. 31.Kavya makes 20 handmade cards at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  32. 32.One jute bag costs ₹33 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.One bag of popcorn costs ₹16 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹15 to make one glass of chai. On the last day Ishaan sells it for only ₹9. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.One clay diya costs Rohan ₹28 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One potted plant costs ₹7 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹46 to make one painted pebble. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹8 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 78
  3. 150
  4. 35
  5. False
  6. 69
  7. False
  8. 7
  9. 19
  10. 1
  11. 90
  12. False
  13. SP less than CP
  14. cost price
  15. Loss
  16. 3
  17. what the buyer pays
  18. 45
  19. False
  20. SP more than CP
  21. Loss
  22. True
  23. selling price
  24. cost price
  25. 9
  26. selling price
  27. 33
  28. Profit
  29. 39
  30. 56
  31. 280
  32. 34
  33. False
  34. 24
  35. 6
  36. cost price
  37. Loss
  38. 9
  39. 17
  40. 20

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