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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 224 · 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 ₹23 to make one fruit cup. Ishaan sells it for ₹41. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  4. 4.One fruit cup costs ₹41 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.It costs ₹27 to make one handmade card. Aarav sells it for ₹37. What is the profit on one (in ₹)?
  7. 7.It costs ₹29 to make one handmade card. On the last day Riya sells it for only ₹27. How much is the loss on one (in ₹)?
  8. 8.It costs ₹44 to make one glass of chai. On the last day Dev sells it for only ₹40. How much is the loss on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One bag of popcorn costs Farhan ₹29 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹39 to make one jute bag. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.Aarav makes 12 handmade cards at a cost of ₹39 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  15. 15.One glass of chai costs Riya ₹17 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹36 to make one bag of popcorn. On the last day Aarav sells it for only ₹35. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the cost price. (a) False (b) True
  18. 18.One handmade card costs Diya ₹20 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹44 to make one jute bag. On the last day Kabir sells it for only ₹42. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.It costs ₹23 to make one handmade card. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  22. 22.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  23. 23.True or false: “money spent to get it” is the selling price. (a) False (b) True
  24. 24.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  25. 25.It costs ₹20 to make one cupcake. On the last day Saanvi sells it for only ₹19. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  27. 27.It costs ₹46 to make one handmade card. Riya sells it for ₹63. What is the profit on one (in ₹)?
  28. 28.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  30. 30.It costs ₹43 to make one cup of lemonade. Vihaan sells it for ₹51. What is the profit on one (in ₹)?
  31. 31.It costs ₹39 to make one glass of chai. On the last day Diya sells it for only ₹29. How much is the loss on one (in ₹)?
  32. 32.One friendship band costs ₹18 to make. Riya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹59 to make one painted pebble. Diya sells it for ₹64. What is the profit on one (in ₹)?
  34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.It costs ₹29 to make one handmade card. On the last day Tara sells it for only ₹22. How much is the loss on one (in ₹)?
  37. 37.True or false: “the price on your board” is the selling price. (a) False (b) True
  38. 38.Dev makes 30 cups of lemonade at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  39. 39.It costs ₹68 to make one cupcake. On the last day Tara sells it for only ₹58. How much is the loss on one (in ₹)?
  40. 40.It costs ₹62 to make one bag of popcorn. On the last day Zoya sells it for only ₹60. How much is the loss on one (in ₹)?

Answer key

  1. 18
  2. cost price
  3. what it cost you
  4. 43
  5. True
  6. 10
  7. 2
  8. 4
  9. False
  10. Profit
  11. 10
  12. cost price
  13. False
  14. 84
  15. Profit
  16. 1
  17. True
  18. Loss
  19. 2
  20. cost price
  21. 4
  22. SP less than CP
  23. False
  24. SP more than CP
  25. 1
  26. selling price
  27. 17
  28. what the buyer pays
  29. selling price
  30. 8
  31. 10
  32. 32
  33. 5
  34. False
  35. selling price
  36. 7
  37. True
  38. 30
  39. 10
  40. 2

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