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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 16 · 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.Nisha makes 27 cups of lemonade at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.One paper bookmark costs ₹43 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  5. 5.One jute bag costs Ananya ₹25 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.True or false: “money got from a sale” is the cost price. (a) False (b) True
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.Lakshmi makes 30 handmade cards at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  14. 14.It costs ₹41 to make one handmade card. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  15. 15.One bag of popcorn costs Meera ₹22 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹19 to make one jute bag. On the last day Kabir sells it for only ₹13. How much is the loss on one (in ₹)?
  17. 17.Kabir makes 7 jute bags at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  18. 18.One handmade card costs Rohan ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹32 to make one cupcake. On the last day Dev sells it for only ₹27. How much is the loss on one (in ₹)?
  20. 20.It costs ₹29 to make one friendship band. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  21. 21.Kavya makes 17 handmade cards at a cost of ₹28 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.Gurpreet makes 21 jute bags at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) True (b) False
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  26. 26.True or false: “the price on your board” is the cost price. (a) False (b) True
  27. 27.Aarav makes 11 paper bookmarks at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  28. 28.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  29. 29.One handmade card costs Diya ₹36 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.Gurpreet makes 10 handmade cards at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.One cupcake costs Ishaan ₹60 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.One painted pebble costs ₹11 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.Diya makes 23 jute bags at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) False (b) True
  38. 38.One glass of chai costs ₹25 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹30 to make one fruit cup. On the last day Kavya sells it for only ₹27. How much is the loss on one (in ₹)?
  40. 40.True or false: “what a customer pays” is the selling price. (a) False (b) True

Answer key

  1. 189
  2. False
  3. 51
  4. what it cost you
  5. Loss
  6. cost price
  7. selling price
  8. False
  9. SP less than CP
  10. False
  11. 390
  12. cost price
  13. SP more than CP
  14. 7
  15. Profit
  16. 6
  17. 28
  18. Loss
  19. 5
  20. 1
  21. 85
  22. True
  23. 315
  24. True
  25. selling price
  26. False
  27. 55
  28. what the buyer pays
  29. Profit
  30. True
  31. 90
  32. False
  33. Loss
  34. cost price
  35. 27
  36. 115
  37. False
  38. 38
  39. 3
  40. True

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