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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 932 · 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 ₹29 to make one paper bookmark. On the last day Rohan sells it for only ₹21. How much is the loss on one (in ₹)?
  2. 2.One bag of popcorn costs Dev ₹23 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹60 to make one handmade card. Aarav sells it for ₹78. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹7 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  6. 6.It costs ₹43 to make one potted plant. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  7. 7.Dev makes 12 cups of lemonade at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  8. 8.True or false: “what a customer pays” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.One paper bookmark costs Arjun ₹21 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One glass of chai costs ₹15 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  13. 13.One handmade card costs ₹30 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.One fruit cup costs ₹22 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.One paper bookmark costs ₹54 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.It costs ₹46 to make one cup of lemonade. On the last day Joseph sells it for only ₹39. How much is the loss on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  25. 25.Saanvi makes 20 potted plants at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  26. 26.Diya makes 9 handmade cards at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  27. 27.It costs ₹17 to make one clay diya. Nisha sells it for ₹32. What is the profit on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the selling price. (a) False (b) True
  29. 29.One glass of chai costs Aarav ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.Riya makes 9 glasses of chai at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.Arjun makes 5 clay diyas at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  33. 33.Aarav makes 10 bags of popcorn at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  34. 34.It costs ₹9 to make one glass of chai. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  35. 35.True or false: “the price on your board” is the selling price. (a) True (b) False
  36. 36.One glass of chai costs Kabir ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹54 to make one cup of lemonade. On the last day Ananya sells it for only ₹51. How much is the loss on one (in ₹)?
  38. 38.It costs ₹17 to make one bag of popcorn. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  39. 39.It costs ₹5 to make one fruit cup. Gurpreet sells it for ₹24. What is the profit on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) True (b) False

Answer key

  1. 8
  2. Loss
  3. 18
  4. 8
  5. SP less than CP
  6. 10
  7. 180
  8. False
  9. cost price
  10. Profit
  11. 18
  12. SP more than CP
  13. 44
  14. selling price
  15. False
  16. cost price
  17. 25
  18. False
  19. 72
  20. False
  21. True
  22. 7
  23. True
  24. what it cost you
  25. 20
  26. 108
  27. 15
  28. True
  29. Loss
  30. 108
  31. False
  32. 30
  33. 90
  34. 2
  35. True
  36. Loss
  37. 3
  38. 2
  39. 19
  40. True

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