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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 986 · 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 ₹21 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  2. 2.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  3. 3.It costs ₹31 to make one painted pebble. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.Tara makes 17 friendship bands at a cost of ₹13 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  6. 6.True or false: “money got from a sale” is the cost price. (a) False (b) True
  7. 7.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  8. 8.True or false: “what a customer pays” is the selling price. (a) True (b) False
  9. 9.It costs ₹8 to make one cupcake. Diya sells it for ₹17. What is the profit on one (in ₹)?
  10. 10.It costs ₹44 to make one glass of chai. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹35 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.Arjun makes 25 bags of popcorn at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.Nisha makes 9 painted pebbles at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  19. 19.One friendship band costs Ishaan ₹40 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹17 to make one paper bookmark. Farhan sells it for ₹18. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.It costs ₹7 to make one potted plant. Meera sells it for ₹11. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  24. 24.It costs ₹27 to make one paper bookmark. Kavya sells it for ₹47. What is the profit on one (in ₹)?
  25. 25.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
  27. 27.One potted plant costs Vihaan ₹28 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.Arjun makes 19 painted pebbles at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  30. 30.It costs ₹40 to make one handmade card. On the last day Meera sells it for only ₹39. How much is the loss on one (in ₹)?
  31. 31.It costs ₹57 to make one clay diya. Saanvi sells it for ₹62. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹44 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  33. 33.Kabir makes 17 clay diyas at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.Vihaan makes 18 friendship bands at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  35. 35.Diya makes 11 painted pebbles at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  36. 36.Rohan makes 18 painted pebbles at a cost of ₹34 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.It costs ₹30 to make one fruit cup. Saanvi sells it for ₹50. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price

Answer key

  1. 41
  2. SP more than CP
  3. 1
  4. False
  5. 238
  6. False
  7. SP less than CP
  8. True
  9. 9
  10. 2
  11. 54
  12. False
  13. 100
  14. False
  15. True
  16. True
  17. 63
  18. what it cost you
  19. Loss
  20. 1
  21. cost price
  22. 4
  23. selling price
  24. 20
  25. what the buyer pays
  26. True
  27. Loss
  28. cost price
  29. 266
  30. 1
  31. 5
  32. 60
  33. 153
  34. 72
  35. 22
  36. 144
  37. True
  38. True
  39. 20
  40. selling price

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