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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 899 · 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.It costs ₹17 to make one friendship band. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  2. 2.It costs ₹59 to make one painted pebble. Rohan sells it for ₹74. What is the profit on one (in ₹)?
  3. 3.Meera makes 6 fruit cups at a cost of ₹33 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  4. 4.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  5. 5.Arjun makes 26 handmade cards at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  7. 7.One handmade card costs ₹60 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  8. 8.One fruit cup costs ₹46 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
  10. 10.It costs ₹13 to make one bag of popcorn. Meera sells it for ₹15. What is the profit on one (in ₹)?
  11. 11.Ishaan makes 18 jute bags at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  12. 12.It costs ₹5 to make one glass of chai. Saanvi sells it for ₹22. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.One painted pebble costs Ananya ₹42 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.Diya makes 6 potted plants at a cost of ₹37 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  16. 16.One fruit cup costs Riya ₹51 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One handmade card costs ₹25 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what a customer pays” is the cost price. (a) False (b) True
  23. 23.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  24. 24.One cup of lemonade costs Kabir ₹59 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Dev makes 18 potted plants at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  26. 26.One friendship band costs ₹15 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.Meera makes 17 cupcakes at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  28. 28.One bag of popcorn costs Meera ₹57 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.True or false: “money spent to get it” is the cost price. (a) True (b) False
  31. 31.Ananya makes 7 jute bags at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  32. 32.True or false: “what a customer pays” is the selling price. (a) True (b) False
  33. 33.One potted plant costs ₹39 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  34. 34.One cup of lemonade costs Aarav ₹55 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.Zoya makes 22 paper bookmarks at a cost of ₹34 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  36. 36.It costs ₹17 to make one bag of popcorn. On the last day Diya sells it for only ₹16. How much is the loss on one (in ₹)?
  37. 37.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  38. 38.One fruit cup costs Vihaan ₹29 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One jute bag costs Kabir ₹18 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹46 to make one bag of popcorn. Arjun sells it for ₹54. What is the profit on one (in ₹)?

Answer key

  1. 12
  2. 15
  3. 66
  4. SP less than CP
  5. 78
  6. selling price
  7. 66
  8. 51
  9. True
  10. 2
  11. 108
  12. 17
  13. selling price
  14. Profit
  15. 60
  16. Profit
  17. cost price
  18. what it cost you
  19. cost price
  20. 38
  21. 25
  22. False
  23. SP more than CP
  24. Profit
  25. 18
  26. 34
  27. 119
  28. Profit
  29. cost price
  30. True
  31. 98
  32. True
  33. 59
  34. Profit
  35. 132
  36. 1
  37. what the buyer pays
  38. Loss
  39. Profit
  40. 8

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