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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 357 · 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 ₹57 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  2. 2.One friendship band costs Ishaan ₹38 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.Vihaan makes 14 bags of popcorn at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  6. 6.Diya makes 25 fruit cups at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  7. 7.It costs ₹27 to make one painted pebble. Riya sells it for ₹28. What is the profit on one (in ₹)?
  8. 8.It costs ₹34 to make one potted plant. Nisha sells it for ₹36. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹45 to make one handmade card. Diya sells it for ₹64. What is the profit on one (in ₹)?
  11. 11.One jute bag costs Meera ₹52 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.It costs ₹18 to make one handmade card. On the last day Nisha sells it for only ₹10. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  18. 18.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  19. 19.One potted plant costs ₹30 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹15 to make one glass of chai. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  21. 21.Meera makes 29 cups of lemonade at a cost of ₹21 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  22. 22.Zoya makes 8 bags of popcorn at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  23. 23.It costs ₹50 to make one paper bookmark. On the last day Farhan sells it for only ₹40. How much is the loss on one (in ₹)?
  24. 24.One jute bag costs Ananya ₹60 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One friendship band costs ₹56 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  26. 26.Vihaan makes 14 potted plants at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  27. 27.One cup of lemonade costs ₹50 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.Farhan makes 30 fruit cups at a cost of ₹21 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  30. 30.One glass of chai costs Kabir ₹39 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹34 to make one jute bag. On the last day Vihaan sells it for only ₹33. How much is the loss on one (in ₹)?
  32. 32.True or false: “what a customer pays” is the cost price. (a) False (b) True
  33. 33.True or false: “what you paid for it” is the selling price. (a) True (b) False
  34. 34.One cup of lemonade costs Tara ₹26 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
  38. 38.It costs ₹20 to make one potted plant. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  39. 39.One fruit cup costs Meera ₹42 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹37 to make one painted pebble. Zoya sells it for ₹50. What is the profit on one (in ₹)?

Answer key

  1. 62
  2. Loss
  3. selling price
  4. 168
  5. SP less than CP
  6. 75
  7. 1
  8. 2
  9. cost price
  10. 19
  11. Profit
  12. True
  13. SP more than CP
  14. selling price
  15. False
  16. 8
  17. cost price
  18. what the buyer pays
  19. 34
  20. 15
  21. 29
  22. 40
  23. 10
  24. Loss
  25. 62
  26. 28
  27. 70
  28. False
  29. 420
  30. Loss
  31. 1
  32. False
  33. False
  34. Profit
  35. what it cost you
  36. False
  37. True
  38. 6
  39. Profit
  40. 13

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