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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 618 · 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.Dev makes 23 fruit cups at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.True or false: “money got from a sale” is the selling price. (a) True (b) False
  4. 4.True or false: “the price on your board” is the cost price. (a) True (b) False
  5. 5.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  6. 6.It costs ₹28 to make one cup of lemonade. Vihaan sells it for ₹45. What is the profit on one (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.It costs ₹15 to make one glass of chai. Ishaan sells it for ₹34. What is the profit on one (in ₹)?
  12. 12.Zoya makes 10 handmade cards at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.It costs ₹38 to make one handmade card. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  16. 16.One handmade card costs ₹35 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  17. 17.One handmade card costs Aarav ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹14 to make one paper bookmark. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  19. 19.Lakshmi makes 16 handmade cards at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) False (b) True
  21. 21.It costs ₹12 to make one potted plant. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.One cup of lemonade costs ₹36 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.It costs ₹59 to make one cupcake. Diya sells it for ₹77. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹23 to make. Dev wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  27. 27.Vihaan makes 20 painted pebbles at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  28. 28.It costs ₹10 to make one cupcake. Arjun sells it for ₹27. What is the profit on one (in ₹)?
  29. 29.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  30. 30.Farhan makes 21 bags of popcorn at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  31. 31.Rohan makes 25 friendship bands at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  32. 32.Saanvi makes 29 fruit cups at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  33. 33.One cupcake costs ₹24 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.One handmade card costs Ishaan ₹16 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.One friendship band costs ₹42 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹47 to make one fruit cup. Rohan sells it for ₹66. What is the profit on one (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.It costs ₹48 to make one glass of chai. On the last day Dev sells it for only ₹44. How much is the loss on one (in ₹)?
  40. 40.Joseph makes 30 glasses of chai at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?

Answer key

  1. 230
  2. selling price
  3. True
  4. False
  5. SP more than CP
  6. 17
  7. True
  8. False
  9. False
  10. selling price
  11. 19
  12. 110
  13. what it cost you
  14. selling price
  15. 8
  16. 53
  17. Profit
  18. 2
  19. 80
  20. True
  21. 16
  22. True
  23. 43
  24. cost price
  25. 18
  26. 31
  27. 300
  28. 17
  29. SP less than CP
  30. 231
  31. 175
  32. 29
  33. 32
  34. Loss
  35. cost price
  36. 53
  37. 19
  38. True
  39. 4
  40. 60

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