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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 996 · 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.Tara makes 29 cupcakes at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.One handmade card costs Zoya ₹27 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  6. 6.One fruit cup costs Kavya ₹44 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.One glass of chai costs Rohan ₹49 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One cup of lemonade costs ₹21 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  10. 10.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  11. 11.It costs ₹25 to make one clay diya. On the last day Vihaan sells it for only ₹19. How much is the loss on one (in ₹)?
  12. 12.True or false: “the price you sell at” is the cost price. (a) False (b) True
  13. 13.Lakshmi makes 9 bags of popcorn at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  14. 14.It costs ₹53 to make one clay diya. On the last day Ananya sells it for only ₹44. How much is the loss on one (in ₹)?
  15. 15.It costs ₹48 to make one paper bookmark. Gurpreet sells it for ₹64. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  17. 17.It costs ₹21 to make one fruit cup. Riya sells it for ₹41. What is the profit on one (in ₹)?
  18. 18.Rohan makes 18 bags of popcorn at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.It costs ₹30 to make one paper bookmark. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  20. 20.Dev makes 14 painted pebbles at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  21. 21.It costs ₹26 to make one potted plant. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  22. 22.One handmade card costs Ishaan ₹44 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  24. 24.One clay diya costs ₹43 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹44 to make one potted plant. On the last day Gurpreet sells it for only ₹43. How much is the loss on one (in ₹)?
  26. 26.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  27. 27.It costs ₹36 to make one paper bookmark. On the last day Saanvi sells it for only ₹33. How much is the loss on one (in ₹)?
  28. 28.True or false: “money got from a sale” is the cost price. (a) True (b) False
  29. 29.It costs ₹19 to make one clay diya. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  30. 30.It costs ₹38 to make one potted plant. On the last day Aarav sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs Gurpreet ₹18 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One potted plant costs Gurpreet ₹27 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Joseph makes 20 bags of popcorn at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  34. 34.It costs ₹13 to make one cupcake. On the last day Diya sells it for only ₹11. How much is the loss on one (in ₹)?
  35. 35.It costs ₹51 to make one fruit cup. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.Kavya makes 24 friendship bands at a cost of ₹26 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price

Answer key

  1. 348
  2. True
  3. True
  4. Loss
  5. True
  6. Loss
  7. True
  8. Loss
  9. 23
  10. what the buyer pays
  11. 6
  12. False
  13. 81
  14. 9
  15. 16
  16. SP more than CP
  17. 20
  18. 72
  19. 3
  20. 14
  21. 8
  22. Profit
  23. cost price
  24. 44
  25. 1
  26. SP less than CP
  27. 3
  28. False
  29. 9
  30. 8
  31. Loss
  32. Profit
  33. 260
  34. 2
  35. 5
  36. True
  37. selling price
  38. 192
  39. what it cost you
  40. cost price

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