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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 994 · 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 paper bookmark costs ₹18 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  2. 2.One paper bookmark costs Ananya ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.Riya makes 8 potted plants at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  4. 4.It costs ₹33 to make one glass of chai. Ananya sells it for ₹53. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.One bag of popcorn costs Vihaan ₹51 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “what a customer pays” is the cost price. (a) True (b) False
  9. 9.One bag of popcorn costs ₹23 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.One cupcake costs ₹54 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  14. 14.Zoya makes 7 jute bags at a cost of ₹5 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  15. 15.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  16. 16.It costs ₹14 to make one bag of popcorn. On the last day Aarav sells it for only ₹9. How much is the loss on one (in ₹)?
  17. 17.It costs ₹54 to make one glass of chai. Diya sells it for ₹67. What is the profit on one (in ₹)?
  18. 18.Arjun makes 22 clay diyas at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.One cupcake costs ₹60 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.Dev makes 7 bags of popcorn at a cost of ₹25 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  22. 22.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  23. 23.It costs ₹55 to make one cupcake. On the last day Arjun sells it for only ₹51. How much is the loss on one (in ₹)?
  24. 24.Diya makes 8 handmade cards at a cost of ₹9 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.Joseph makes 6 cupcakes at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  27. 27.It costs ₹28 to make one bag of popcorn. On the last day Kabir sells it for only ₹22. How much is the loss on one (in ₹)?
  28. 28.It costs ₹46 to make one painted pebble. Tara sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.It costs ₹13 to make one cup of lemonade. Arjun sells it for ₹24. What is the profit on one (in ₹)?
  30. 30.It costs ₹20 to make one cup of lemonade. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  31. 31.It costs ₹31 to make one bag of popcorn. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?
  32. 32.Tara makes 26 paper bookmarks at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  33. 33.It costs ₹57 to make one cupcake. On the last day Aarav sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.One fruit cup costs ₹24 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.One fruit cup costs ₹49 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.One clay diya costs Aarav ₹16 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One handmade card costs Lakshmi ₹55 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One clay diya costs Gurpreet ₹59 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One cupcake costs ₹46 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) False (b) True

Answer key

  1. 25
  2. Loss
  3. 16
  4. 20
  5. what it cost you
  6. selling price
  7. Profit
  8. False
  9. 40
  10. False
  11. SP less than CP
  12. selling price
  13. 60
  14. 91
  15. what the buyer pays
  16. 5
  17. 13
  18. 242
  19. False
  20. 64
  21. 56
  22. SP more than CP
  23. 4
  24. 32
  25. cost price
  26. 78
  27. 6
  28. 7
  29. 11
  30. 6
  31. 2
  32. 390
  33. 2
  34. 41
  35. 68
  36. Loss
  37. Profit
  38. Loss
  39. 58
  40. False

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