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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 311 · 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 ₹60 to make one paper bookmark. On the last day Nisha sells it for only ₹59. How much is the loss on one (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.True or false: “cost of making one” is the cost price. (a) True (b) False
  4. 4.Aarav makes 15 clay diyas at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  5. 5.One fruit cup costs Lakshmi ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹21 to make one clay diya. Diya sells it for ₹41. What is the profit on one (in ₹)?
  7. 7.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  8. 8.Aarav makes 30 paper bookmarks at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  9. 9.It costs ₹40 to make one paper bookmark. On the last day Ishaan sells it for only ₹32. How much is the loss on one (in ₹)?
  10. 10.It costs ₹60 to make one cupcake. Gurpreet sells it for ₹76. What is the profit on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  13. 13.One bag of popcorn costs Rohan ₹40 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  16. 16.One clay diya costs Meera ₹28 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One cupcake costs ₹30 to make. Tara wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹27 to make one cupcake. Gurpreet sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹13 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.One clay diya costs ₹46 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.One paper bookmark costs Tara ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Kabir makes 8 paper bookmarks at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  24. 24.It costs ₹54 to make one clay diya. Arjun sells it for ₹62. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  29. 29.Joseph makes 27 jute bags at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  30. 30.It costs ₹31 to make one cup of lemonade. On the last day Farhan sells it for only ₹28. How much is the loss on one (in ₹)?
  31. 31.It costs ₹23 to make one jute bag. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  32. 32.It costs ₹37 to make one cupcake. On the last day Aarav sells it for only ₹33. How much is the loss on one (in ₹)?
  33. 33.Riya makes 24 cupcakes at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  35. 35.It costs ₹46 to make one bag of popcorn. Saanvi sells it for ₹62. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs Meera ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One glass of chai costs ₹38 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  38. 38.One painted pebble costs ₹10 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.One cup of lemonade costs ₹34 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹43 to make one fruit cup. On the last day Arjun sells it for only ₹37. How much is the loss on one (in ₹)?

Answer key

  1. 1
  2. False
  3. True
  4. 90
  5. Loss
  6. 20
  7. SP less than CP
  8. 330
  9. 8
  10. 16
  11. False
  12. SP more than CP
  13. Profit
  14. what the buyer pays
  15. selling price
  16. Profit
  17. 45
  18. 4
  19. 17
  20. False
  21. 51
  22. Loss
  23. 64
  24. 8
  25. selling price
  26. True
  27. what it cost you
  28. cost price
  29. 297
  30. 3
  31. 10
  32. 4
  33. 288
  34. cost price
  35. 16
  36. Loss
  37. 54
  38. 29
  39. 47
  40. 6

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