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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 454 · 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 ₹55 to make one clay diya. On the last day Ishaan sells it for only ₹53. How much is the loss on one (in ₹)?
  2. 2.One cup of lemonade costs Joseph ₹19 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹51 to make one cup of lemonade. Arjun sells it for ₹71. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹24 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.One clay diya costs ₹47 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.Dev makes 27 cups of lemonade at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.It costs ₹39 to make one handmade card. On the last day Gurpreet sells it for only ₹32. How much is the loss on one (in ₹)?
  19. 19.It costs ₹38 to make one paper bookmark. Vihaan sells it for ₹46. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  22. 22.Arjun makes 14 fruit cups at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  23. 23.Zoya makes 25 friendship bands at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  24. 24.Kavya makes 7 glasses of chai at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  25. 25.It costs ₹42 to make one clay diya. Rohan sells it for ₹62. What is the profit on one (in ₹)?
  26. 26.It costs ₹14 to make one jute bag. On the last day Kabir sells it for only ₹6. How much is the loss on one (in ₹)?
  27. 27.It costs ₹58 to make one paper bookmark. Riya sells it for ₹60. What is the profit on one (in ₹)?
  28. 28.Arjun makes 26 handmade cards at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  29. 29.Ishaan makes 19 cupcakes at a cost of ₹18 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  30. 30.Meera makes 27 cups of lemonade at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  31. 31.One cupcake costs ₹47 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  34. 34.One friendship band costs ₹14 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) False (b) True
  36. 36.True or false: “money got from a sale” is the selling price. (a) False (b) True
  37. 37.Arjun makes 19 bags of popcorn at a cost of ₹28 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  38. 38.It costs ₹54 to make one handmade card. On the last day Saanvi sells it for only ₹51. How much is the loss on one (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  40. 40.It costs ₹6 to make one painted pebble. Tara sells it for ₹7. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. Profit
  3. 20
  4. 41
  5. what it cost you
  6. True
  7. False
  8. selling price
  9. 48
  10. cost price
  11. False
  12. 405
  13. selling price
  14. cost price
  15. False
  16. SP less than CP
  17. cost price
  18. 7
  19. 8
  20. selling price
  21. selling price
  22. 98
  23. 25
  24. 56
  25. 20
  26. 8
  27. 2
  28. 312
  29. 152
  30. 135
  31. 67
  32. True
  33. SP more than CP
  34. 29
  35. True
  36. True
  37. 209
  38. 3
  39. False
  40. 1

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