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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 505 · 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.Lakshmi makes 8 glasses of chai at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  2. 2.It costs ₹28 to make one cupcake. Aarav sells it for ₹43. What is the profit on one (in ₹)?
  3. 3.Rohan makes 22 clay diyas at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.One cup of lemonade costs ₹13 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.One handmade card costs ₹22 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.It costs ₹55 to make one clay diya. Kavya sells it for ₹66. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹7 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) False (b) True
  12. 12.One cup of lemonade costs Meera ₹49 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “the price you sell at” is the selling price. (a) False (b) True
  14. 14.True or false: “what a customer pays” is the cost price. (a) False (b) True
  15. 15.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  16. 16.One cupcake costs Rohan ₹31 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.It costs ₹23 to make one jute bag. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  18. 18.True or false: “the price on your board” is the selling price. (a) False (b) True
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.It costs ₹25 to make one cupcake. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  22. 22.It costs ₹13 to make one handmade card. On the last day Ananya sells it for only ₹12. How much is the loss on one (in ₹)?
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  25. 25.True or false: “what a customer pays” is the selling price. (a) True (b) False
  26. 26.It costs ₹22 to make one cup of lemonade. On the last day Aarav sells it for only ₹16. How much is the loss on one (in ₹)?
  27. 27.It costs ₹14 to make one potted plant. Meera sells it for ₹19. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs Kabir ₹28 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹42 to make one glass of chai. On the last day Tara sells it for only ₹39. How much is the loss on one (in ₹)?
  30. 30.Gurpreet makes 7 fruit cups at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.Farhan makes 24 glasses of chai at a cost of ₹33 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  32. 32.It costs ₹56 to make one painted pebble. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  33. 33.Tara makes 11 painted pebbles at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  35. 35.Kavya makes 19 potted plants at a cost of ₹38 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  36. 36.One handmade card costs ₹58 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.One friendship band costs ₹17 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  39. 39.True or false: “what you paid for it” is the selling price. (a) False (b) True
  40. 40.One friendship band costs Lakshmi ₹60 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 16
  2. 15
  3. 264
  4. selling price
  5. selling price
  6. 18
  7. 29
  8. cost price
  9. 11
  10. 22
  11. True
  12. Profit
  13. True
  14. False
  15. what the buyer pays
  16. Profit
  17. 5
  18. True
  19. True
  20. 9
  21. selling price
  22. 1
  23. False
  24. SP less than CP
  25. True
  26. 6
  27. 5
  28. Loss
  29. 3
  30. 56
  31. 288
  32. 6
  33. 33
  34. cost price
  35. 190
  36. 66
  37. 20
  38. SP more than CP
  39. False
  40. Profit

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