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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 194 · 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 ₹57 to make one glass of chai. Riya sells it for ₹76. What is the profit on one (in ₹)?
  2. 2.It costs ₹67 to make one clay diya. On the last day Joseph sells it for only ₹60. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.It costs ₹24 to make one cup of lemonade. On the last day Joseph sells it for only ₹16. How much is the loss on one (in ₹)?
  6. 6.Saanvi makes 11 paper bookmarks at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.True or false: “what a customer pays” is the selling price. (a) False (b) True
  8. 8.It costs ₹44 to make one jute bag. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  10. 10.True or false: “the price on your board” is the selling price. (a) True (b) False
  11. 11.It costs ₹41 to make one handmade card. On the last day Arjun sells it for only ₹39. How much is the loss on one (in ₹)?
  12. 12.One cupcake costs ₹39 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.It costs ₹48 to make one jute bag. On the last day Gurpreet sells it for only ₹38. How much is the loss on one (in ₹)?
  17. 17.It costs ₹47 to make one cupcake. Riya sells it for ₹64. What is the profit on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  19. 19.One glass of chai costs Diya ₹37 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.Saanvi makes 11 fruit cups at a cost of ₹29 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  21. 21.It costs ₹20 to make one fruit cup. Meera sells it for ₹40. What is the profit on one (in ₹)?
  22. 22.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  23. 23.One paper bookmark costs ₹10 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.Diya makes 26 potted plants at a cost of ₹6 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  25. 25.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  26. 26.One handmade card costs ₹28 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹51 to make one bag of popcorn. On the last day Nisha sells it for only ₹48. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  29. 29.It costs ₹14 to make one paper bookmark. Arjun sells it for ₹15. What is the profit on one (in ₹)?
  30. 30.It costs ₹14 to make one glass of chai. Farhan sells it for ₹21. What is the profit on one (in ₹)?
  31. 31.It costs ₹19 to make one painted pebble. On the last day Saanvi sells it for only ₹17. How much is the loss on one (in ₹)?
  32. 32.Zoya makes 16 cups of lemonade at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.It costs ₹28 to make one painted pebble. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  37. 37.It costs ₹52 to make one bag of popcorn. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  38. 38.Nisha makes 11 friendship bands at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.True or false: “what you paid for it” is the cost price. (a) False (b) True
  40. 40.One cup of lemonade costs Lakshmi ₹32 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 19
  2. 7
  3. cost price
  4. False
  5. 8
  6. 33
  7. True
  8. 4
  9. SP less than CP
  10. True
  11. 2
  12. 52
  13. what it cost you
  14. selling price
  15. False
  16. 10
  17. 17
  18. True
  19. Profit
  20. 132
  21. 20
  22. SP more than CP
  23. 16
  24. 364
  25. what the buyer pays
  26. 48
  27. 3
  28. selling price
  29. 1
  30. 7
  31. 2
  32. 64
  33. cost price
  34. selling price
  35. cost price
  36. 9
  37. 2
  38. 33
  39. True
  40. Loss

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