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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 146 · 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.Joseph makes 17 fruit cups at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  5. 5.It costs ₹13 to make one friendship band. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.It costs ₹15 to make one cupcake. Gurpreet sells it for ₹25. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.Lakshmi makes 22 clay diyas at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.One cupcake costs ₹13 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.One glass of chai costs ₹47 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.One paper bookmark costs ₹24 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹57 to make one cup of lemonade. Joseph sells it for ₹76. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹28 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  18. 18.It costs ₹36 to make one painted pebble. Ishaan sells it for ₹46. What is the profit on one (in ₹)?
  19. 19.Ananya makes 7 bags of popcorn at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  20. 20.True or false: “cost of making one” is the cost price. (a) False (b) True
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.It costs ₹11 to make one cup of lemonade. On the last day Arjun sells it for only ₹6. How much is the loss on one (in ₹)?
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.One cupcake costs ₹21 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  26. 26.It costs ₹60 to make one jute bag. Diya sells it for ₹70. What is the profit on one (in ₹)?
  27. 27.One friendship band costs Kavya ₹29 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹42 to make one painted pebble. Zoya sells it for ₹54. What is the profit on one (in ₹)?
  29. 29.It costs ₹25 to make one cupcake. Dev sells it for ₹35. What is the profit on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.One cupcake costs ₹14 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  32. 32.Nisha makes 7 handmade cards at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  33. 33.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  34. 34.One paper bookmark costs Aarav ₹25 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  37. 37.It costs ₹17 to make one glass of chai. On the last day Saanvi sells it for only ₹8. How much is the loss on one (in ₹)?
  38. 38.It costs ₹47 to make one jute bag. Dev sells it for ₹51. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹27 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.One glass of chai costs Nisha ₹52 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 255
  2. selling price
  3. cost price
  4. what it cost you
  5. 6
  6. cost price
  7. 10
  8. cost price
  9. 88
  10. False
  11. 16
  12. selling price
  13. 48
  14. 37
  15. 19
  16. 38
  17. cost price
  18. 10
  19. 98
  20. True
  21. False
  22. 5
  23. False
  24. 22
  25. what the buyer pays
  26. 10
  27. Profit
  28. 12
  29. 10
  30. True
  31. 15
  32. 84
  33. SP more than CP
  34. Profit
  35. selling price
  36. SP less than CP
  37. 9
  38. 4
  39. 38
  40. Loss

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