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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 501 · 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 ₹9 to make one paper bookmark. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹8 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹5 to make one paper bookmark. Nisha sells it for ₹25. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  6. 6.One fruit cup costs Lakshmi ₹46 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “the price you sell at” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.It costs ₹44 to make one jute bag. On the last day Kavya sells it for only ₹34. How much is the loss on one (in ₹)?
  10. 10.It costs ₹15 to make one jute bag. Joseph sells it for ₹27. What is the profit on one (in ₹)?
  11. 11.It costs ₹18 to make one cupcake. Arjun sells it for ₹27. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.Kavya makes 8 paper bookmarks at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  14. 14.It costs ₹22 to make one jute bag. On the last day Ishaan sells it for only ₹17. How much is the loss on one (in ₹)?
  15. 15.It costs ₹21 to make one handmade card. Diya sells it for ₹32. What is the profit on one (in ₹)?
  16. 16.It costs ₹53 to make one glass of chai. Rohan sells it for ₹61. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.It costs ₹53 to make one cupcake. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the selling price. (a) True (b) False
  20. 20.One cup of lemonade costs ₹19 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  22. 22.It costs ₹7 to make one friendship band. Riya sells it for ₹17. What is the profit on one (in ₹)?
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.It costs ₹12 to make one glass of chai. On the last day Saanvi sells it for only ₹6. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.One friendship band costs ₹54 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹62 to make one paper bookmark. On the last day Diya sells it for only ₹57. How much is the loss on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.It costs ₹46 to make one cup of lemonade. Dev sells it for ₹52. What is the profit on one (in ₹)?
  30. 30.Rohan makes 5 handmade cards at a cost of ₹17 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  31. 31.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  32. 32.Vihaan makes 16 painted pebbles at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.Arjun makes 20 cups of lemonade at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  34. 34.Dev makes 13 fruit cups at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  38. 38.One friendship band costs Arjun ₹58 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹26 to make one potted plant. Meera sells it for ₹35. What is the profit on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the cost price. (a) True (b) False

Answer key

  1. 12
  2. 15
  3. 20
  4. selling price
  5. what the buyer pays
  6. Profit
  7. True
  8. cost price
  9. 10
  10. 12
  11. 9
  12. cost price
  13. 16
  14. 5
  15. 11
  16. 8
  17. cost price
  18. 5
  19. False
  20. 33
  21. selling price
  22. 10
  23. True
  24. 6
  25. cost price
  26. 62
  27. 5
  28. False
  29. 6
  30. 25
  31. SP more than CP
  32. 144
  33. 120
  34. 26
  35. True
  36. False
  37. selling price
  38. Profit
  39. 9
  40. True

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