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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 28 · 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 ₹47 to make one fruit cup. Vihaan sells it for ₹54. What is the profit on one (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  3. 3.True or false: “the price you sell at” is the cost price. (a) True (b) False
  4. 4.It costs ₹26 to make one cupcake. Farhan sells it for ₹28. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  7. 7.One jute bag costs ₹46 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  8. 8.One paper bookmark costs ₹11 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.One glass of chai costs ₹24 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  10. 10.Rohan makes 13 cupcakes at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  12. 12.It costs ₹53 to make one cup of lemonade. Arjun sells it for ₹69. What is the profit on one (in ₹)?
  13. 13.It costs ₹70 to make one clay diya. On the last day Rohan sells it for only ₹60. How much is the loss on one (in ₹)?
  14. 14.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.It costs ₹10 to make one fruit cup. Gurpreet sells it for ₹12. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  18. 18.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  19. 19.It costs ₹7 to make one cup of lemonade. Meera sells it for ₹25. What is the profit on one (in ₹)?
  20. 20.It costs ₹60 to make one bag of popcorn. On the last day Rohan sells it for only ₹52. How much is the loss on one (in ₹)?
  21. 21.It costs ₹31 to make one clay diya. Tara sells it for ₹35. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹40 to make. Gurpreet wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.Aarav makes 18 fruit cups at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.One jute bag costs Vihaan ₹31 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.One cupcake costs ₹35 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹40 to make one friendship band. Tara sells it for ₹58. What is the profit on one (in ₹)?
  29. 29.One friendship band costs Gurpreet ₹31 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  31. 31.One friendship band costs Joseph ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹10 to make one fruit cup. Saanvi sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.Lakshmi makes 10 paper bookmarks at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.One friendship band costs Arjun ₹59 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the price you sell at” is the selling price. (a) True (b) False
  36. 36.It costs ₹35 to make one handmade card. On the last day Zoya sells it for only ₹32. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  38. 38.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  39. 39.One clay diya costs Ananya ₹49 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹9 to make one fruit cup. On the last day Saanvi sells it for only ₹7. How much is the loss on one (in ₹)?

Answer key

  1. 7
  2. True
  3. False
  4. 2
  5. cost price
  6. selling price
  7. 52
  8. 30
  9. 26
  10. 26
  11. False
  12. 16
  13. 10
  14. what the buyer pays
  15. cost price
  16. 2
  17. selling price
  18. SP more than CP
  19. 18
  20. 8
  21. 4
  22. 44
  23. 270
  24. selling price
  25. selling price
  26. Profit
  27. 53
  28. 18
  29. Loss
  30. what it cost you
  31. Profit
  32. 17
  33. 110
  34. Loss
  35. True
  36. 3
  37. cost price
  38. SP less than CP
  39. Loss
  40. 2

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