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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 245 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.It costs ₹15 to make one paper bookmark. Zoya sells it for ₹34. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.It costs ₹37 to make one cup of lemonade. Ananya sells it for ₹39. What is the profit on one (in ₹)?
  6. 6.One friendship band costs Kavya ₹39 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.Kabir makes 12 handmade cards at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  9. 9.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  10. 10.True or false: “the price you sell at” is the selling price. (a) True (b) False
  11. 11.True or false: “cost of making one” is the selling price. (a) True (b) False
  12. 12.One painted pebble costs ₹16 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹60 to make one glass of chai. On the last day Aarav sells it for only ₹53. How much is the loss on one (in ₹)?
  14. 14.True or false: “the price on your board” is the selling price. (a) True (b) False
  15. 15.One fruit cup costs Meera ₹55 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹55 to make one glass of chai. On the last day Lakshmi sells it for only ₹49. How much is the loss on one (in ₹)?
  17. 17.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  18. 18.It costs ₹12 to make one glass of chai. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  19. 19.Lakshmi makes 22 handmade cards at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  20. 20.One fruit cup costs Rohan ₹40 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.Vihaan makes 24 paper bookmarks at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  22. 22.It costs ₹49 to make one potted plant. Kabir sells it for ₹59. What is the profit on one (in ₹)?
  23. 23.It costs ₹17 to make one painted pebble. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.It costs ₹45 to make one cup of lemonade. On the last day Diya sells it for only ₹39. How much is the loss on one (in ₹)?
  26. 26.Joseph makes 22 friendship bands at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.One fruit cup costs Lakshmi ₹59 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “what a customer pays” is the cost price. (a) False (b) True
  30. 30.One friendship band costs Rohan ₹32 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  33. 33.True or false: “what you paid for it” is the cost price. (a) False (b) True
  34. 34.One jute bag costs ₹10 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹11 to make one fruit cup. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  38. 38.It costs ₹53 to make one paper bookmark. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  39. 39.Arjun makes 15 cups of lemonade at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  40. 40.Lakshmi makes 7 jute bags at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. 19
  3. what it cost you
  4. selling price
  5. 2
  6. Profit
  7. 180
  8. SP more than CP
  9. what the buyer pays
  10. True
  11. False
  12. 17
  13. 7
  14. True
  15. Loss
  16. 6
  17. SP less than CP
  18. 12
  19. 66
  20. Profit
  21. 48
  22. 10
  23. 8
  24. selling price
  25. 6
  26. 132
  27. selling price
  28. Loss
  29. False
  30. Loss
  31. cost price
  32. cost price
  33. True
  34. 29
  35. 1
  36. True
  37. False
  38. 1
  39. 60
  40. 21

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