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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 982 · 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 glass of chai costs ₹11 to make. Saanvi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹54 to make one friendship band. Nisha sells it for ₹59. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.It costs ₹20 to make one paper bookmark. On the last day Lakshmi sells it for only ₹16. How much is the loss on one (in ₹)?
  5. 5.One jute bag costs ₹34 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹15 to make one clay diya. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.It costs ₹12 to make one clay diya. Gurpreet sells it for ₹18. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹54 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹23 to make one glass of chai. Kabir sells it for ₹38. What is the profit on one (in ₹)?
  12. 12.It costs ₹16 to make one glass of chai. On the last day Dev sells it for only ₹15. How much is the loss on one (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.It costs ₹43 to make one cupcake. On the last day Joseph sells it for only ₹34. How much is the loss on one (in ₹)?
  15. 15.One handmade card costs Saanvi ₹46 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.Rohan makes 28 handmade cards at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.One cup of lemonade costs ₹26 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹33 to make one bag of popcorn. On the last day Kabir sells it for only ₹26. How much is the loss on one (in ₹)?
  20. 20.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  21. 21.One bag of popcorn costs Rohan ₹16 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹45 to make one paper bookmark. Kabir sells it for ₹51. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs Rohan ₹43 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.True or false: “the price on your board” is the cost price. (a) False (b) True
  26. 26.One fruit cup costs Meera ₹36 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹13 to make one jute bag. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  28. 28.Ishaan makes 9 friendship bands at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  29. 29.It costs ₹17 to make one painted pebble. On the last day Rohan sells it for only ₹16. How much is the loss on one (in ₹)?
  30. 30.One fruit cup costs ₹30 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  31. 31.Zoya makes 7 paper bookmarks at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  32. 32.One handmade card costs ₹12 to make. Ishaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.One fruit cup costs ₹10 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹48 to make one paper bookmark. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹55 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.It costs ₹7 to make one clay diya. Rohan sells it for ₹24. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs Joseph ₹54 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One fruit cup costs Ishaan ₹42 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹11 to make one bag of popcorn. Lakshmi sells it for ₹13. What is the profit on one (in ₹)?

Answer key

  1. 22
  2. 5
  3. what it cost you
  4. 4
  5. 36
  6. 5
  7. cost price
  8. selling price
  9. 6
  10. 65
  11. 15
  12. 1
  13. True
  14. 9
  15. Profit
  16. 280
  17. selling price
  18. 32
  19. 7
  20. SP more than CP
  21. Profit
  22. 6
  23. Profit
  24. True
  25. False
  26. Loss
  27. 19
  28. 9
  29. 1
  30. 50
  31. 63
  32. 30
  33. 15
  34. 17
  35. 56
  36. selling price
  37. 17
  38. Loss
  39. Loss
  40. 2

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