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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 91 · 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 ₹21 to make one painted pebble. Tara sells it for ₹22. What is the profit on one (in ₹)?
  2. 2.One jute bag costs Ananya ₹36 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One friendship band costs ₹34 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹35 to make one glass of chai. On the last day Aarav sells it for only ₹29. How much is the loss on one (in ₹)?
  5. 5.One cupcake costs ₹53 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  6. 6.One bag of popcorn costs ₹45 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.It costs ₹30 to make one jute bag. Zoya sells it for ₹33. What is the profit on one (in ₹)?
  10. 10.It costs ₹8 to make one jute bag. Rohan sells it for ₹20. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.Dev makes 10 painted pebbles at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  13. 13.It costs ₹54 to make one jute bag. On the last day Saanvi sells it for only ₹48. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.It costs ₹54 to make one glass of chai. On the last day Zoya sells it for only ₹47. How much is the loss on one (in ₹)?
  17. 17.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  18. 18.One bag of popcorn costs Aarav ₹27 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  20. 20.Rohan makes 25 glasses of chai at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  21. 21.One jute bag costs ₹15 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  23. 23.It costs ₹42 to make one friendship band. Kabir sells it for ₹44. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹48 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  26. 26.One paper bookmark costs ₹48 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.One jute bag costs Riya ₹41 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹52 to make one cup of lemonade. On the last day Joseph sells it for only ₹51. How much is the loss on one (in ₹)?
  30. 30.One jute bag costs ₹47 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.One glass of chai costs Aarav ₹38 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹59 to make one cup of lemonade. On the last day Kavya sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.It costs ₹19 to make one fruit cup. Rohan sells it for ₹33. What is the profit on one (in ₹)?
  35. 35.Farhan makes 12 painted pebbles at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  36. 36.Saanvi makes 21 fruit cups at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  38. 38.It costs ₹19 to make one paper bookmark. Vihaan sells it for ₹36. What is the profit on one (in ₹)?
  39. 39.It costs ₹65 to make one bag of popcorn. On the last day Ananya sells it for only ₹59. How much is the loss on one (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. 1
  2. Loss
  3. 41
  4. 6
  5. 73
  6. 59
  7. selling price
  8. selling price
  9. 3
  10. 12
  11. selling price
  12. 50
  13. 6
  14. what it cost you
  15. False
  16. 7
  17. True
  18. Loss
  19. SP more than CP
  20. 175
  21. 19
  22. what the buyer pays
  23. 2
  24. 55
  25. cost price
  26. 51
  27. cost price
  28. Profit
  29. 1
  30. 62
  31. cost price
  32. Loss
  33. 4
  34. 14
  35. 156
  36. 63
  37. cost price
  38. 17
  39. 6
  40. False

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