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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 196 · 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.Riya makes 6 cups of lemonade at a cost of ₹24 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  2. 2.True or false: “the price on your board” is the selling price. (a) True (b) False
  3. 3.Ananya makes 23 cupcakes at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  4. 4.One handmade card costs Gurpreet ₹23 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.True or false: “money spent to get it” is the cost price. (a) False (b) True
  6. 6.True or false: “what you paid for it” is the cost price. (a) True (b) False
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.It costs ₹54 to make one handmade card. On the last day Lakshmi sells it for only ₹46. How much is the loss on one (in ₹)?
  10. 10.One bag of popcorn costs Ananya ₹53 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.Tara makes 14 cups of lemonade at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.It costs ₹48 to make one potted plant. On the last day Tara sells it for only ₹38. How much is the loss on one (in ₹)?
  15. 15.It costs ₹60 to make one painted pebble. On the last day Zoya sells it for only ₹52. How much is the loss on one (in ₹)?
  16. 16.It costs ₹41 to make one cupcake. Farhan sells it for ₹47. What is the profit on one (in ₹)?
  17. 17.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  18. 18.Farhan makes 21 cupcakes at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  19. 19.It costs ₹7 to make one potted plant. Arjun sells it for ₹15. What is the profit on one (in ₹)?
  20. 20.It costs ₹18 to make one potted plant. Diya sells it for ₹19. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹5 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹37 to make one cup of lemonade. Kabir sells it for ₹55. What is the profit on one (in ₹)?
  23. 23.Dev makes 13 cupcakes at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  24. 24.It costs ₹50 to make one cup of lemonade. Meera sells it for ₹60. What is the profit on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  27. 27.It costs ₹66 to make one fruit cup. On the last day Vihaan sells it for only ₹56. How much is the loss on one (in ₹)?
  28. 28.It costs ₹9 to make one friendship band. Riya sells it for ₹27. What is the profit on one (in ₹)?
  29. 29.One cupcake costs Nisha ₹27 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One cup of lemonade costs ₹17 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹57 to make one handmade card. Riya sells it for ₹76. What is the profit on one (in ₹)?
  32. 32.It costs ₹46 to make one jute bag. Ishaan sells it for ₹60. What is the profit on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.One clay diya costs ₹36 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  35. 35.Meera makes 17 friendship bands at a cost of ₹10 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  36. 36.One cup of lemonade costs Ananya ₹27 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One painted pebble costs ₹32 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  38. 38.One handmade card costs ₹53 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹15 to make one glass of chai. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) False (b) True

Answer key

  1. 42
  2. True
  3. 92
  4. Profit
  5. True
  6. True
  7. True
  8. selling price
  9. 8
  10. Loss
  11. 168
  12. cost price
  13. selling price
  14. 10
  15. 8
  16. 6
  17. what the buyer pays
  18. 63
  19. 8
  20. 1
  21. 15
  22. 18
  23. 143
  24. 10
  25. True
  26. what it cost you
  27. 10
  28. 18
  29. Loss
  30. 28
  31. 19
  32. 14
  33. False
  34. 46
  35. 153
  36. Loss
  37. 46
  38. 73
  39. 4
  40. True

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