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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 886 · 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.Rohan makes 9 clay diyas at a cost of ₹26 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  2. 2.Rohan makes 24 paper bookmarks at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.True or false: “the price on your board” is the cost price. (a) True (b) False
  5. 5.One handmade card costs Diya ₹22 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹47 to make one bag of popcorn. Vihaan sells it for ₹60. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  8. 8.It costs ₹20 to make one handmade card. On the last day Farhan sells it for only ₹18. How much is the loss on one (in ₹)?
  9. 9.It costs ₹41 to make one cup of lemonade. On the last day Ananya sells it for only ₹40. How much is the loss on one (in ₹)?
  10. 10.Joseph makes 19 bags of popcorn at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  12. 12.One bag of popcorn costs ₹56 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.It costs ₹46 to make one cupcake. On the last day Farhan sells it for only ₹37. How much is the loss on one (in ₹)?
  16. 16.One glass of chai costs ₹26 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹18 to make one friendship band. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.One clay diya costs Tara ₹56 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹24 to make one cupcake. On the last day Kabir sells it for only ₹15. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.It costs ₹20 to make one friendship band. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  23. 23.Ishaan makes 30 friendship bands at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  24. 24.It costs ₹12 to make one bag of popcorn. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  25. 25.Ananya makes 30 potted plants at a cost of ₹23 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  26. 26.True or false: “what you paid for it” is the selling price. (a) False (b) True
  27. 27.Arjun makes 25 fruit cups at a cost of ₹35 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.One cupcake costs Rohan ₹21 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  31. 31.True or false: “what you paid for it” is the cost price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.It costs ₹7 to make one friendship band. Lakshmi sells it for ₹24. What is the profit on one (in ₹)?
  34. 34.Joseph makes 17 painted pebbles at a cost of ₹13 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  35. 35.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  36. 36.True or false: “money spent to get it” is the selling price. (a) False (b) True
  37. 37.It costs ₹54 to make one painted pebble. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  38. 38.One glass of chai costs ₹59 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what a customer pays” is the selling price. (a) False (b) True
  40. 40.Ananya makes 11 friendship bands at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?

Answer key

  1. 90
  2. 96
  3. True
  4. False
  5. Loss
  6. 13
  7. what it cost you
  8. 2
  9. 1
  10. 57
  11. False
  12. 64
  13. cost price
  14. False
  15. 9
  16. 40
  17. 4
  18. cost price
  19. Profit
  20. 9
  21. selling price
  22. 8
  23. 390
  24. 12
  25. 270
  26. False
  27. 75
  28. False
  29. Profit
  30. SP more than CP
  31. True
  32. selling price
  33. 17
  34. 238
  35. what the buyer pays
  36. False
  37. 3
  38. 60
  39. True
  40. 121

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