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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 943 · 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.Vihaan makes 17 bags of popcorn at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  2. 2.It costs ₹13 to make one glass of chai. Farhan sells it for ₹32. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs Nisha ₹51 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹36 to make one clay diya. Farhan sells it for ₹49. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.It costs ₹40 to make one painted pebble. Kavya sells it for ₹53. What is the profit on one (in ₹)?
  7. 7.It costs ₹14 to make one clay diya. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹33 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  10. 10.One clay diya costs Rohan ₹56 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.It costs ₹47 to make one handmade card. Gurpreet sells it for ₹66. What is the profit on one (in ₹)?
  12. 12.Vihaan makes 5 bags of popcorn at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  15. 15.True or false: “money got from a sale” is the cost price. (a) False (b) True
  16. 16.One friendship band costs ₹11 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.One friendship band costs ₹24 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  19. 19.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  20. 20.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  21. 21.Tara makes 26 bags of popcorn at a cost of ₹9 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  22. 22.True or false: “the price you sell at” is the selling price. (a) False (b) True
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.True or false: “money spent to get it” is the selling price. (a) False (b) True
  25. 25.It costs ₹51 to make one jute bag. On the last day Meera sells it for only ₹46. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  27. 27.It costs ₹56 to make one fruit cup. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  28. 28.It costs ₹9 to make one cupcake. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  29. 29.Kavya makes 18 paper bookmarks at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) True (b) False
  31. 31.One bag of popcorn costs Kavya ₹40 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹28 to make one potted plant. Vihaan sells it for ₹48. What is the profit on one (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) False (b) True
  34. 34.Kabir makes 10 fruit cups at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  35. 35.One potted plant costs ₹35 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) False (b) True
  37. 37.Aarav makes 8 painted pebbles at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  38. 38.Saanvi makes 26 potted plants at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  39. 39.It costs ₹30 to make one handmade card. On the last day Saanvi sells it for only ₹28. How much is the loss on one (in ₹)?
  40. 40.It costs ₹43 to make one friendship band. Diya sells it for ₹57. What is the profit on one (in ₹)?

Answer key

  1. 102
  2. 19
  3. Loss
  4. 13
  5. selling price
  6. 13
  7. 16
  8. 44
  9. selling price
  10. Profit
  11. 19
  12. 25
  13. selling price
  14. what the buyer pays
  15. False
  16. 21
  17. 27
  18. cost price
  19. SP less than CP
  20. SP more than CP
  21. 182
  22. True
  23. True
  24. False
  25. 5
  26. cost price
  27. 3
  28. 4
  29. 72
  30. False
  31. Loss
  32. 20
  33. True
  34. 90
  35. 49
  36. False
  37. 64
  38. 52
  39. 2
  40. 14

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