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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 990 · 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 ₹40 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹39. How much is the loss on one (in ₹)?
  2. 2.Joseph makes 10 fruit cups at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  4. 4.It costs ₹28 to make one friendship band. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.One glass of chai costs ₹26 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  7. 7.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  8. 8.One glass of chai costs Dev ₹39 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  10. 10.It costs ₹21 to make one potted plant. Gurpreet sells it for ₹25. What is the profit on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.Diya makes 9 jute bags at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.It costs ₹48 to make one friendship band. On the last day Gurpreet sells it for only ₹45. How much is the loss on one (in ₹)?
  15. 15.One clay diya costs ₹21 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  16. 16.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.One potted plant costs Joseph ₹17 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.Zoya makes 30 cups of lemonade at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  20. 20.It costs ₹8 to make one painted pebble. Kavya sells it for ₹23. What is the profit on one (in ₹)?
  21. 21.It costs ₹54 to make one cup of lemonade. Riya sells it for ₹70. What is the profit on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.It costs ₹12 to make one bag of popcorn. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  24. 24.It costs ₹23 to make one paper bookmark. Saanvi sells it for ₹36. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.It costs ₹9 to make one clay diya. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  29. 29.Ishaan makes 21 painted pebbles at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  30. 30.One jute bag costs Arjun ₹38 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Kavya makes 23 friendship bands at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  32. 32.True or false: “money got from a sale” is the selling price. (a) False (b) True
  33. 33.True or false: “money spent to get it” is the selling price. (a) True (b) False
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.It costs ₹64 to make one potted plant. On the last day Saanvi sells it for only ₹55. How much is the loss on one (in ₹)?
  36. 36.True or false: “the price on your board” is the cost price. (a) True (b) False
  37. 37.True or false: “the price on your board” is the selling price. (a) False (b) True
  38. 38.Vihaan makes 13 paper bookmarks at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  39. 39.It costs ₹44 to make one cupcake. Saanvi sells it for ₹63. What is the profit on one (in ₹)?
  40. 40.It costs ₹42 to make one paper bookmark. Kabir sells it for ₹62. What is the profit on one (in ₹)?

Answer key

  1. 1
  2. 20
  3. what it cost you
  4. 10
  5. False
  6. 37
  7. SP less than CP
  8. Loss
  9. SP more than CP
  10. 4
  11. True
  12. 54
  13. selling price
  14. 3
  15. 31
  16. what the buyer pays
  17. cost price
  18. Profit
  19. 210
  20. 15
  21. 16
  22. True
  23. 1
  24. 13
  25. selling price
  26. cost price
  27. False
  28. 9
  29. 42
  30. Profit
  31. 184
  32. True
  33. False
  34. True
  35. 9
  36. False
  37. True
  38. 65
  39. 19
  40. 20

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