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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 568 · 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 ₹26 to make one cup of lemonade. Dev sells it for ₹36. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.It costs ₹25 to make one jute bag. Meera sells it for ₹40. What is the profit on one (in ₹)?
  5. 5.Dev makes 10 fruit cups at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  6. 6.It costs ₹19 to make one friendship band. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  7. 7.One clay diya costs ₹49 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.It costs ₹34 to make one bag of popcorn. Ishaan sells it for ₹52. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹28 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  12. 12.Rohan makes 20 fruit cups at a cost of ₹32 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.One cupcake costs ₹35 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.One cupcake costs ₹53 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  16. 16.Joseph makes 5 glasses of chai at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  17. 17.Tara makes 26 paper bookmarks at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  18. 18.One paper bookmark costs ₹15 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “what a customer pays” is the selling price. (a) True (b) False
  20. 20.It costs ₹36 to make one paper bookmark. On the last day Zoya sells it for only ₹33. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.One friendship band costs ₹8 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  23. 23.One cupcake costs Meera ₹26 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.Rohan makes 10 potted plants at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.It costs ₹57 to make one glass of chai. On the last day Farhan sells it for only ₹53. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  29. 29.One jute bag costs Arjun ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “what you paid for it” is the cost price. (a) False (b) True
  31. 31.One bag of popcorn costs ₹24 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹22 to make one painted pebble. Diya sells it for ₹29. What is the profit on one (in ₹)?
  33. 33.Aarav makes 27 paper bookmarks at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.Meera makes 12 clay diyas at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  35. 35.True or false: “money spent to get it” is the cost price. (a) True (b) False
  36. 36.True or false: “what you paid for it” is the selling price. (a) True (b) False
  37. 37.It costs ₹48 to make one glass of chai. On the last day Diya sells it for only ₹45. How much is the loss on one (in ₹)?
  38. 38.It costs ₹17 to make one clay diya. Kabir sells it for ₹21. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs Nisha ₹47 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. 10
  2. cost price
  3. cost price
  4. 15
  5. 30
  6. 9
  7. 59
  8. selling price
  9. 18
  10. 46
  11. SP less than CP
  12. 180
  13. False
  14. 40
  15. 67
  16. 30
  17. 78
  18. 24
  19. True
  20. 3
  21. selling price
  22. 16
  23. Loss
  24. False
  25. 120
  26. True
  27. 4
  28. what it cost you
  29. Loss
  30. True
  31. 39
  32. 7
  33. 108
  34. 60
  35. True
  36. False
  37. 3
  38. 4
  39. Loss
  40. selling price

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