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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 215 · 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 ₹46 to make one cupcake. On the last day Joseph sells it for only ₹43. How much is the loss on one (in ₹)?
  2. 2.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  3. 3.Diya makes 24 clay diyas at a cost of ₹23 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  4. 4.One paper bookmark costs Gurpreet ₹19 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.Ishaan makes 11 fruit cups at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  6. 6.Kabir makes 30 cupcakes at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  7. 7.One paper bookmark costs Nisha ₹27 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  10. 10.One cupcake costs ₹5 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.Zoya makes 12 painted pebbles at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  14. 14.One jute bag costs Saanvi ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  17. 17.One glass of chai costs ₹58 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.Tara makes 20 jute bags at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.It costs ₹53 to make one bag of popcorn. Tara sells it for ₹59. What is the profit on one (in ₹)?
  21. 21.It costs ₹9 to make one fruit cup. Zoya sells it for ₹13. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.It costs ₹9 to make one cup of lemonade. Diya sells it for ₹16. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs Kavya ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹51 to make one handmade card. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  28. 28.It costs ₹61 to make one cupcake. On the last day Kabir sells it for only ₹58. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.It costs ₹7 to make one cupcake. On the last day Meera sells it for only ₹6. How much is the loss on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.True or false: “money spent to get it” is the cost price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.One glass of chai costs Farhan ₹54 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹54 to make one paper bookmark. Meera sells it for ₹64. What is the profit on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.It costs ₹37 to make one glass of chai. On the last day Tara sells it for only ₹32. How much is the loss on one (in ₹)?
  38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
  39. 39.It costs ₹25 to make one painted pebble. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?
  40. 40.One clay diya costs ₹54 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?

Answer key

  1. 3
  2. what the buyer pays
  3. 336
  4. Profit
  5. 33
  6. 90
  7. Loss
  8. SP less than CP
  9. False
  10. 11
  11. 156
  12. cost price
  13. SP more than CP
  14. Loss
  15. selling price
  16. selling price
  17. 64
  18. 60
  19. False
  20. 6
  21. 4
  22. cost price
  23. True
  24. False
  25. 7
  26. Loss
  27. 14
  28. 3
  29. cost price
  30. 1
  31. True
  32. True
  33. cost price
  34. Profit
  35. 10
  36. False
  37. 5
  38. False
  39. 9
  40. 55

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