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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 11 · 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.

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  1. 1.It costs ₹32 to make one bag of popcorn. Rohan sells it for ₹40. What is the profit on one (in ₹)?
  2. 2.It costs ₹16 to make one glass of chai. On the last day Gurpreet sells it for only ₹15. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  4. 4.It costs ₹47 to make one cup of lemonade. On the last day Rohan sells it for only ₹41. How much is the loss on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  7. 7.It costs ₹17 to make one clay diya. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.Ishaan makes 17 glasses of chai at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  10. 10.One cupcake costs ₹49 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹29 to make one friendship band. On the last day Dev sells it for only ₹24. How much is the loss on one (in ₹)?
  12. 12.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “money got from a sale” is the selling price. (a) False (b) True
  15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
  16. 16.Riya makes 8 bags of popcorn at a cost of ₹22 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  17. 17.One clay diya costs ₹52 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  18. 18.One paper bookmark costs Ishaan ₹35 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.Dev makes 11 glasses of chai at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  20. 20.It costs ₹14 to make one potted plant. Riya sells it for ₹26. What is the profit on one (in ₹)?
  21. 21.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  22. 22.One cup of lemonade costs Joseph ₹21 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One paper bookmark costs Vihaan ₹45 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “what a customer pays” is the cost price. (a) True (b) False
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.It costs ₹23 to make one cup of lemonade. Tara sells it for ₹27. What is the profit on one (in ₹)?
  27. 27.True or false: “money spent to get it” is the selling price. (a) True (b) False
  28. 28.One bag of popcorn costs ₹29 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.One glass of chai costs ₹50 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹52 to make one friendship band. Gurpreet sells it for ₹72. What is the profit on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  32. 32.One friendship band costs Ishaan ₹22 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹11 to make one bag of popcorn. Tara sells it for ₹20. What is the profit on one (in ₹)?
  34. 34.Joseph makes 20 bags of popcorn at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  35. 35.One handmade card costs Tara ₹23 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “money got from a sale” is the cost price. (a) False (b) True
  37. 37.It costs ₹42 to make one handmade card. Rohan sells it for ₹57. What is the profit on one (in ₹)?
  38. 38.It costs ₹48 to make one friendship band. Joseph sells it for ₹56. What is the profit on one (in ₹)?
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.It costs ₹57 to make one fruit cup. Saanvi sells it for ₹75. What is the profit on one (in ₹)?

Answer key

  1. 8
  2. 1
  3. what it cost you
  4. 6
  5. True
  6. what the buyer pays
  7. 2
  8. selling price
  9. 51
  10. 66
  11. 5
  12. SP less than CP
  13. selling price
  14. True
  15. False
  16. 112
  17. 70
  18. Loss
  19. 22
  20. 12
  21. SP more than CP
  22. Loss
  23. Profit
  24. False
  25. cost price
  26. 4
  27. False
  28. 45
  29. 58
  30. 20
  31. True
  32. Loss
  33. 9
  34. 80
  35. Profit
  36. False
  37. 15
  38. 8
  39. True
  40. 18

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