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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 13 · 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.Kabir makes 7 cups of lemonade at a cost of ₹14 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  2. 2.One glass of chai costs ₹32 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.One bag of popcorn costs ₹8 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  4. 4.One handmade card costs ₹9 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.One paper bookmark costs Aarav ₹39 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.It costs ₹13 to make one potted plant. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  10. 10.It costs ₹10 to make one painted pebble. Kavya sells it for ₹13. What is the profit on one (in ₹)?
  11. 11.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.One friendship band costs Ananya ₹18 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One handmade card costs ₹7 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  16. 16.One glass of chai costs ₹55 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.It costs ₹13 to make one friendship band. Aarav sells it for ₹28. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹53 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.One paper bookmark costs ₹44 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  23. 23.It costs ₹51 to make one paper bookmark. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  24. 24.Gurpreet makes 14 fruit cups at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  25. 25.Saanvi makes 18 cups of lemonade at a cost of ₹16 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  26. 26.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  27. 27.One jute bag costs ₹9 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “the price you sell at” is the cost price. (a) True (b) False
  29. 29.True or false: “the price on your board” is the selling price. (a) True (b) False
  30. 30.Joseph makes 8 fruit cups at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  31. 31.One bag of popcorn costs ₹21 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  32. 32.One cup of lemonade costs ₹51 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “what a customer pays” is the cost price. (a) True (b) False
  34. 34.It costs ₹62 to make one paper bookmark. On the last day Meera sells it for only ₹57. How much is the loss on one (in ₹)?
  35. 35.True or false: “money got from a sale” is the cost price. (a) True (b) False
  36. 36.One handmade card costs Rohan ₹20 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One handmade card costs Zoya ₹40 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  39. 39.Nisha makes 24 clay diyas at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  40. 40.True or false: “what a customer pays” is the selling price. (a) True (b) False

Answer key

  1. 56
  2. 45
  3. 9
  4. 11
  5. Loss
  6. False
  7. 16
  8. cost price
  9. selling price
  10. 3
  11. SP more than CP
  12. cost price
  13. False
  14. Profit
  15. 26
  16. 61
  17. cost price
  18. 15
  19. 60
  20. False
  21. 63
  22. what it cost you
  23. 9
  24. 42
  25. 216
  26. SP less than CP
  27. 28
  28. False
  29. True
  30. 72
  31. 33
  32. 62
  33. False
  34. 5
  35. False
  36. Loss
  37. Profit
  38. what the buyer pays
  39. 72
  40. True

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