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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 367 · 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 ₹52 to make one friendship band. Vihaan sells it for ₹57. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.One clay diya costs ₹18 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  4. 4.One painted pebble costs ₹58 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.One handmade card costs ₹37 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.It costs ₹6 to make one paper bookmark. Joseph sells it for ₹21. What is the profit on one (in ₹)?
  10. 10.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.True or false: “the price on your board” is the selling price. (a) False (b) True
  14. 14.Ishaan makes 11 fruit cups at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  15. 15.It costs ₹52 to make one friendship band. Aarav sells it for ₹57. What is the profit on one (in ₹)?
  16. 16.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  17. 17.It costs ₹19 to make one friendship band. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  18. 18.One friendship band costs Ananya ₹37 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹60 to make one cup of lemonade. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  20. 20.It costs ₹23 to make one cup of lemonade. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  21. 21.One handmade card costs ₹50 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹45 to make one jute bag. Kavya sells it for ₹50. What is the profit on one (in ₹)?
  23. 23.It costs ₹55 to make one fruit cup. Meera sells it for ₹59. What is the profit on one (in ₹)?
  24. 24.True or false: “cost of making one” is the selling price. (a) False (b) True
  25. 25.One glass of chai costs ₹29 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹39 to make one jute bag. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?
  27. 27.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  28. 28.One paper bookmark costs ₹50 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  29. 29.One cup of lemonade costs Aarav ₹46 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs ₹6 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.Vihaan makes 19 cupcakes at a cost of ₹38 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  32. 32.One friendship band costs Ananya ₹26 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One cupcake costs Meera ₹38 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹8 to make one paper bookmark. Rohan sells it for ₹19. What is the profit on one (in ₹)?
  35. 35.It costs ₹55 to make one cupcake. On the last day Aarav sells it for only ₹50. How much is the loss on one (in ₹)?
  36. 36.Lakshmi makes 24 jute bags at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  39. 39.One friendship band costs Kavya ₹48 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹14 to make one cup of lemonade. Farhan sells it for ₹26. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. cost price
  3. 20
  4. 77
  5. True
  6. cost price
  7. 39
  8. selling price
  9. 15
  10. what the buyer pays
  11. cost price
  12. False
  13. True
  14. 66
  15. 5
  16. SP less than CP
  17. 16
  18. Profit
  19. 1
  20. 10
  21. 56
  22. 5
  23. 4
  24. False
  25. 32
  26. 7
  27. SP more than CP
  28. 60
  29. Profit
  30. 13
  31. 152
  32. Profit
  33. Profit
  34. 11
  35. 5
  36. 96
  37. selling price
  38. selling price
  39. Profit
  40. 12

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