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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 878 · 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.

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  1. 1.It costs ₹35 to make one paper bookmark. Ananya sells it for ₹45. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.Farhan makes 11 potted plants at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  5. 5.It costs ₹12 to make one bag of popcorn. Diya sells it for ₹32. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹59 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.It costs ₹60 to make one cup of lemonade. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.One fruit cup costs ₹56 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  13. 13.True or false: “money spent to get it” is the cost price. (a) False (b) True
  14. 14.One clay diya costs ₹10 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  15. 15.One cupcake costs Gurpreet ₹20 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Lakshmi makes 13 potted plants at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  17. 17.It costs ₹28 to make one cupcake. Tara sells it for ₹47. What is the profit on one (in ₹)?
  18. 18.It costs ₹30 to make one jute bag. On the last day Kabir sells it for only ₹23. How much is the loss on one (in ₹)?
  19. 19.One friendship band costs Vihaan ₹26 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.It costs ₹23 to make one handmade card. Kabir sells it for ₹25. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.Meera makes 9 paper bookmarks at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  26. 26.True or false: “money spent to get it” is the selling price. (a) False (b) True
  27. 27.One clay diya costs ₹41 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  29. 29.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  30. 30.One handmade card costs ₹10 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.One clay diya costs ₹18 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹36 to make one glass of chai. Ananya sells it for ₹43. What is the profit on one (in ₹)?
  33. 33.True or false: “the price on your board” is the cost price. (a) True (b) False
  34. 34.One painted pebble costs Saanvi ₹24 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹16 to make one friendship band. On the last day Zoya sells it for only ₹14. How much is the loss on one (in ₹)?
  36. 36.True or false: “the price on your board” is the selling price. (a) True (b) False
  37. 37.True or false: “money got from a sale” is the selling price. (a) True (b) False
  38. 38.One handmade card costs ₹27 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.One clay diya costs ₹13 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.Ishaan makes 27 handmade cards at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?

Answer key

  1. 10
  2. what it cost you
  3. cost price
  4. 11
  5. 20
  6. 64
  7. cost price
  8. 8
  9. selling price
  10. selling price
  11. 67
  12. what the buyer pays
  13. True
  14. 20
  15. Loss
  16. 65
  17. 19
  18. 7
  19. Loss
  20. False
  21. 2
  22. selling price
  23. False
  24. False
  25. 45
  26. False
  27. 44
  28. SP more than CP
  29. SP less than CP
  30. 22
  31. 27
  32. 7
  33. False
  34. Loss
  35. 2
  36. True
  37. True
  38. 28
  39. 32
  40. 108

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