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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 281 · 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.One cup of lemonade costs ₹31 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “what you paid for it” is the cost price. (a) True (b) False
  3. 3.It costs ₹11 to make one fruit cup. Dev sells it for ₹23. What is the profit on one (in ₹)?
  4. 4.Lakshmi makes 15 potted plants at a cost of ₹27 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  5. 5.It costs ₹13 to make one jute bag. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  6. 6.One paper bookmark costs Ishaan ₹23 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.Riya makes 10 cups of lemonade at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  8. 8.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  9. 9.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.One clay diya costs Farhan ₹40 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹47 to make one painted pebble. On the last day Gurpreet sells it for only ₹37. How much is the loss on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) True (b) False
  14. 14.Tara makes 25 glasses of chai at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  15. 15.It costs ₹14 to make one potted plant. Aarav sells it for ₹25. What is the profit on one (in ₹)?
  16. 16.It costs ₹15 to make one friendship band. Diya sells it for ₹32. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  19. 19.One potted plant costs ₹19 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.It costs ₹38 to make one jute bag. Ishaan sells it for ₹47. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs Joseph ₹45 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One fruit cup costs Lakshmi ₹28 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.It costs ₹11 to make one handmade card. Dev sells it for ₹27. What is the profit on one (in ₹)?
  29. 29.Vihaan makes 21 handmade cards at a cost of ₹20 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  30. 30.Vihaan makes 17 clay diyas at a cost of ₹23 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  32. 32.True or false: “the price on your board” is the cost price. (a) False (b) True
  33. 33.It costs ₹59 to make one potted plant. On the last day Rohan sells it for only ₹56. How much is the loss on one (in ₹)?
  34. 34.It costs ₹33 to make one paper bookmark. Kavya sells it for ₹44. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  36. 36.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  37. 37.It costs ₹6 to make one friendship band. Arjun sells it for ₹16. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs Rohan ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  40. 40.One clay diya costs ₹27 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?

Answer key

  1. 50
  2. True
  3. 12
  4. 120
  5. 1
  6. Profit
  7. 90
  8. what the buyer pays
  9. SP more than CP
  10. cost price
  11. Profit
  12. 10
  13. False
  14. 25
  15. 11
  16. 17
  17. cost price
  18. what it cost you
  19. 27
  20. True
  21. True
  22. False
  23. 9
  24. Profit
  25. Loss
  26. selling price
  27. cost price
  28. 16
  29. 168
  30. 85
  31. False
  32. False
  33. 3
  34. 11
  35. selling price
  36. SP less than CP
  37. 10
  38. Profit
  39. selling price
  40. 42

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