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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 273 · 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.Diya makes 24 cupcakes at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  4. 4.One glass of chai costs ₹33 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  5. 5.One potted plant costs ₹40 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹10 to make one jute bag. Farhan sells it for ₹20. What is the profit on one (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
  10. 10.One handmade card costs Meera ₹26 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.Rohan makes 16 cups of lemonade at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.It costs ₹58 to make one glass of chai. On the last day Dev sells it for only ₹57. How much is the loss on one (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.Tara makes 7 cups of lemonade at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  22. 22.One painted pebble costs Diya ₹26 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One paper bookmark costs ₹12 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  25. 25.One jute bag costs ₹38 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹45 to make one painted pebble. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  27. 27.Diya makes 19 friendship bands at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  28. 28.One jute bag costs Lakshmi ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.It costs ₹27 to make one painted pebble. Arjun sells it for ₹34. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs Meera ₹25 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One cupcake costs Kabir ₹33 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One potted plant costs Farhan ₹51 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One cup of lemonade costs Dev ₹42 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹25 to make one fruit cup. On the last day Riya sells it for only ₹19. How much is the loss on one (in ₹)?
  36. 36.One glass of chai costs Ishaan ₹19 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹50 to make one potted plant. On the last day Diya sells it for only ₹49. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  39. 39.One cup of lemonade costs Rohan ₹44 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹16 to make one glass of chai. Diya sells it for ₹35. What is the profit on one (in ₹)?

Answer key

  1. 24
  2. cost price
  3. what it cost you
  4. 44
  5. 57
  6. 10
  7. SP more than CP
  8. True
  9. False
  10. Profit
  11. cost price
  12. 224
  13. True
  14. 1
  15. False
  16. True
  17. 14
  18. False
  19. True
  20. True
  21. what the buyer pays
  22. Profit
  23. 18
  24. SP less than CP
  25. 41
  26. 3
  27. 247
  28. Loss
  29. cost price
  30. 7
  31. Loss
  32. Profit
  33. Loss
  34. Profit
  35. 6
  36. Profit
  37. 1
  38. cost price
  39. Profit
  40. 19

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