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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 122 · 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.One cupcake costs Vihaan ₹24 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  4. 4.One cupcake costs Riya ₹48 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One handmade card costs ₹14 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹45 to make one handmade card. On the last day Kabir sells it for only ₹36. How much is the loss on one (in ₹)?
  7. 7.Tara makes 9 fruit cups at a cost of ₹33 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  8. 8.True or false: “the price on your board” is the cost price. (a) True (b) False
  9. 9.True or false: “the price you sell at” is the cost price. (a) True (b) False
  10. 10.One jute bag costs Meera ₹44 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One fruit cup costs ₹43 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.One friendship band costs ₹44 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.Dev makes 19 cups of lemonade at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  14. 14.One bag of popcorn costs ₹59 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.True or false: “the price you sell at” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  18. 18.One friendship band costs ₹41 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.One potted plant costs Ananya ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.One cupcake costs Tara ₹51 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  24. 24.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  25. 25.True or false: “the price on your board” is the selling price. (a) True (b) False
  26. 26.True or false: “money got from a sale” is the cost price. (a) False (b) True
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.One fruit cup costs ₹15 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹62 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹56. How much is the loss on one (in ₹)?
  30. 30.Aarav makes 22 jute bags at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  32. 32.Meera makes 15 bags of popcorn at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  33. 33.It costs ₹35 to make one cup of lemonade. Tara sells it for ₹42. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹38 to make. Tara wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  36. 36.It costs ₹60 to make one potted plant. Meera sells it for ₹64. What is the profit on one (in ₹)?
  37. 37.Lakshmi makes 12 cups of lemonade at a cost of ₹36 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  38. 38.One cup of lemonade costs Joseph ₹48 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹10 to make one friendship band. Nisha sells it for ₹16. What is the profit on one (in ₹)?
  40. 40.Riya makes 16 fruit cups at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?

Answer key

  1. Loss
  2. cost price
  3. SP more than CP
  4. Profit
  5. 31
  6. 9
  7. 72
  8. False
  9. False
  10. Loss
  11. 44
  12. 63
  13. 76
  14. 64
  15. False
  16. True
  17. what it cost you
  18. 44
  19. Loss
  20. cost price
  21. selling price
  22. Profit
  23. selling price
  24. SP less than CP
  25. True
  26. False
  27. True
  28. 27
  29. 6
  30. 66
  31. False
  32. 30
  33. 7
  34. 55
  35. what the buyer pays
  36. 4
  37. 108
  38. Profit
  39. 6
  40. 80

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