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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 540 · 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 ₹51 to make one glass of chai. On the last day Meera sells it for only ₹49. How much is the loss on one (in ₹)?
  2. 2.One glass of chai costs Diya ₹55 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹30 to make one cupcake. Farhan sells it for ₹46. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.One paper bookmark costs ₹44 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “cost of making one” is the selling price. (a) True (b) False
  9. 9.One friendship band costs ₹45 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.Farhan makes 27 clay diyas at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.It costs ₹9 to make one cupcake. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  14. 14.One painted pebble costs Lakshmi ₹46 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “the price on your board” is the selling price. (a) True (b) False
  16. 16.Tara makes 14 cups of lemonade at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  18. 18.It costs ₹47 to make one cupcake. On the last day Farhan sells it for only ₹38. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.One jute bag costs ₹41 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹52 to make one cupcake. Dev sells it for ₹60. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.One fruit cup costs ₹14 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) True (b) False
  26. 26.True or false: “what you paid for it” is the selling price. (a) True (b) False
  27. 27.True or false: “money spent to get it” is the cost price. (a) False (b) True
  28. 28.Tara makes 19 glasses of chai at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.Kabir makes 11 jute bags at a cost of ₹16 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  32. 32.It costs ₹35 to make one bag of popcorn. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.One friendship band costs ₹58 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “what you paid for it” is the cost price. (a) False (b) True
  36. 36.It costs ₹19 to make one clay diya. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  37. 37.Tara makes 16 jute bags at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  38. 38.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  39. 39.True or false: “what a customer pays” is the selling price. (a) True (b) False
  40. 40.It costs ₹7 to make one cup of lemonade. Rohan sells it for ₹16. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. Loss
  3. 16
  4. cost price
  5. what the buyer pays
  6. True
  7. 57
  8. False
  9. 55
  10. cost price
  11. 162
  12. cost price
  13. 1
  14. Profit
  15. True
  16. 168
  17. what it cost you
  18. 9
  19. selling price
  20. 59
  21. 8
  22. selling price
  23. cost price
  24. 28
  25. False
  26. False
  27. True
  28. 19
  29. True
  30. selling price
  31. 121
  32. 3
  33. True
  34. 63
  35. True
  36. 11
  37. 64
  38. SP more than CP
  39. True
  40. 9

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