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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 145 · 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 ₹7 to make one cup of lemonade. Rohan sells it for ₹18. What is the profit on one (in ₹)?
  2. 2.True or false: “money spent to get it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.It costs ₹21 to make one clay diya. Tara sells it for ₹23. What is the profit on one (in ₹)?
  5. 5.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  6. 6.Nisha makes 10 cupcakes at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  7. 7.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.One paper bookmark costs ₹53 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  10. 10.One cup of lemonade costs ₹15 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.One painted pebble costs ₹18 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.One fruit cup costs ₹13 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.One fruit cup costs ₹34 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.It costs ₹16 to make one paper bookmark. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.One handmade card costs Aarav ₹33 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One painted pebble costs Zoya ₹41 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.Tara makes 16 clay diyas at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  24. 24.It costs ₹7 to make one painted pebble. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹10 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.One clay diya costs Aarav ₹47 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹25 to make one jute bag. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?
  28. 28.One cup of lemonade costs Lakshmi ₹24 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.Riya makes 28 cups of lemonade at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.It costs ₹18 to make one jute bag. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  33. 33.Gurpreet makes 12 glasses of chai at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.Meera makes 11 handmade cards at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  37. 37.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  38. 38.It costs ₹62 to make one jute bag. On the last day Joseph sells it for only ₹56. How much is the loss on one (in ₹)?
  39. 39.It costs ₹60 to make one handmade card. On the last day Tara sells it for only ₹56. How much is the loss on one (in ₹)?
  40. 40.It costs ₹57 to make one fruit cup. Zoya sells it for ₹58. What is the profit on one (in ₹)?

Answer key

  1. 11
  2. True
  3. selling price
  4. 2
  5. what the buyer pays
  6. 20
  7. SP more than CP
  8. cost price
  9. 69
  10. 19
  11. 19
  12. selling price
  13. 32
  14. False
  15. 54
  16. what it cost you
  17. selling price
  18. selling price
  19. 3
  20. True
  21. Loss
  22. Profit
  23. 32
  24. 15
  25. 27
  26. Loss
  27. 9
  28. Loss
  29. cost price
  30. 392
  31. False
  32. 2
  33. 180
  34. False
  35. cost price
  36. 44
  37. SP less than CP
  38. 6
  39. 4
  40. 1

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