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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 925 · 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 jute bag costs ₹48 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹25 to make one painted pebble. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.True or false: “the price on your board” is the selling price. (a) False (b) True
  5. 5.One handmade card costs ₹32 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹15 to make one handmade card. Tara sells it for ₹17. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  10. 10.Vihaan makes 18 paper bookmarks at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  13. 13.One glass of chai costs Farhan ₹57 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.Saanvi makes 8 fruit cups at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  16. 16.One cup of lemonade costs ₹48 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹9 to make one fruit cup. Kavya sells it for ₹28. What is the profit on one (in ₹)?
  18. 18.It costs ₹46 to make one painted pebble. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs Rohan ₹30 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Aarav makes 9 jute bags at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  21. 21.One potted plant costs ₹20 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹33 to make one friendship band. On the last day Zoya sells it for only ₹29. How much is the loss on one (in ₹)?
  23. 23.It costs ₹40 to make one clay diya. Rohan sells it for ₹41. What is the profit on one (in ₹)?
  24. 24.True or false: “money spent to get it” is the selling price. (a) True (b) False
  25. 25.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  26. 26.It costs ₹31 to make one clay diya. On the last day Tara sells it for only ₹29. How much is the loss on one (in ₹)?
  27. 27.Diya makes 25 painted pebbles at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  28. 28.One potted plant costs ₹55 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹48 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹38. How much is the loss on one (in ₹)?
  30. 30.True or false: “cost of making one” is the cost price. (a) False (b) True
  31. 31.One painted pebble costs ₹24 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  33. 33.It costs ₹58 to make one handmade card. Ishaan sells it for ₹69. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.It costs ₹52 to make one friendship band. On the last day Diya sells it for only ₹42. How much is the loss on one (in ₹)?
  36. 36.It costs ₹56 to make one cup of lemonade. On the last day Tara sells it for only ₹53. How much is the loss on one (in ₹)?
  37. 37.It costs ₹21 to make one paper bookmark. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  38. 38.Lakshmi makes 24 potted plants at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.It costs ₹41 to make one jute bag. Lakshmi sells it for ₹46. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. 63
  2. 9
  3. selling price
  4. True
  5. 33
  6. 2
  7. cost price
  8. what it cost you
  9. SP more than CP
  10. 72
  11. False
  12. selling price
  13. Profit
  14. cost price
  15. 104
  16. 60
  17. 19
  18. 11
  19. Loss
  20. 72
  21. 36
  22. 4
  23. 1
  24. False
  25. SP less than CP
  26. 2
  27. 100
  28. 73
  29. 10
  30. True
  31. 27
  32. cost price
  33. 11
  34. cost price
  35. 10
  36. 3
  37. 2
  38. 120
  39. 5
  40. selling price

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