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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 871 · 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 paper bookmark costs Dev ₹53 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹44 to make one paper bookmark. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  3. 3.One cupcake costs Zoya ₹26 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One cup of lemonade costs ₹51 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹29 to make one handmade card. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  6. 6.It costs ₹18 to make one friendship band. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?
  7. 7.One glass of chai costs Kabir ₹25 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.It costs ₹25 to make one potted plant. Meera sells it for ₹29. What is the profit on one (in ₹)?
  10. 10.Dev makes 17 jute bags at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  11. 11.One paper bookmark costs ₹37 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.Kavya makes 5 friendship bands at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
  19. 19.It costs ₹18 to make one painted pebble. Tara sells it for ₹32. What is the profit on one (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.One bag of popcorn costs Farhan ₹50 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Kavya makes 18 fruit cups at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  23. 23.It costs ₹20 to make one jute bag. On the last day Vihaan sells it for only ₹19. How much is the loss on one (in ₹)?
  24. 24.One paper bookmark costs Ishaan ₹25 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One handmade card costs ₹52 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.One painted pebble costs ₹49 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money spent to get it” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.Rohan makes 16 cups of lemonade at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  31. 31.One paper bookmark costs Arjun ₹53 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One friendship band costs ₹28 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) False (b) True
  34. 34.One handmade card costs Aarav ₹37 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹49 to make one friendship band. Gurpreet sells it for ₹57. What is the profit on one (in ₹)?
  36. 36.Diya makes 19 potted plants at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  37. 37.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  38. 38.One glass of chai costs ₹20 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.Joseph makes 5 cupcakes at a cost of ₹36 each and sells all of them at ₹48 each. What is the total profit (in ₹)?

Answer key

  1. Profit
  2. 6
  3. Loss
  4. 52
  5. 6
  6. 7
  7. Loss
  8. cost price
  9. 4
  10. 85
  11. 48
  12. SP more than CP
  13. cost price
  14. True
  15. 40
  16. cost price
  17. selling price
  18. True
  19. 14
  20. SP less than CP
  21. Loss
  22. 162
  23. 1
  24. Loss
  25. 69
  26. 53
  27. False
  28. what it cost you
  29. selling price
  30. 160
  31. Loss
  32. 37
  33. True
  34. Loss
  35. 8
  36. 266
  37. what the buyer pays
  38. 27
  39. False
  40. 60

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