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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 619 · 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 ₹43 to make one friendship band. Dev sells it for ₹52. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.Lakshmi makes 10 jute bags at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  4. 4.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.One glass of chai costs ₹30 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.One bag of popcorn costs Farhan ₹33 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  10. 10.It costs ₹13 to make one bag of popcorn. Gurpreet sells it for ₹25. What is the profit on one (in ₹)?
  11. 11.Farhan makes 18 cupcakes at a cost of ₹26 each and sells all of them at ₹33 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.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.Meera makes 24 paper bookmarks at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.One friendship band costs Zoya ₹53 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.One handmade card costs Ananya ₹34 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One friendship band costs ₹5 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  20. 20.Tara makes 15 friendship bands at a cost of ₹28 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.One handmade card costs ₹49 to make. Nisha wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹42 to make one cupcake. Riya sells it for ₹60. What is the profit on one (in ₹)?
  23. 23.It costs ₹57 to make one bag of popcorn. On the last day Joseph sells it for only ₹49. How much is the loss on one (in ₹)?
  24. 24.Rohan makes 10 paper bookmarks at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  26. 26.It costs ₹30 to make one jute bag. On the last day Arjun sells it for only ₹28. How much is the loss on one (in ₹)?
  27. 27.It costs ₹46 to make one handmade card. Ananya sells it for ₹60. What is the profit on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  30. 30.One cup of lemonade costs ₹38 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.It costs ₹33 to make one cup of lemonade. On the last day Riya sells it for only ₹32. How much is the loss on one (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) True (b) False
  34. 34.It costs ₹14 to make one jute bag. Aarav sells it for ₹29. What is the profit on one (in ₹)?
  35. 35.It costs ₹36 to make one cup of lemonade. On the last day Farhan sells it for only ₹28. How much is the loss on one (in ₹)?
  36. 36.Kabir makes 26 glasses of chai at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  37. 37.One glass of chai costs ₹48 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹14 to make one painted pebble. Arjun sells it for ₹18. What is the profit on one (in ₹)?
  39. 39.One jute bag costs Farhan ₹58 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One fruit cup costs Farhan ₹40 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 9
  2. cost price
  3. 60
  4. what the buyer pays
  5. selling price
  6. 45
  7. cost price
  8. Profit
  9. SP more than CP
  10. 12
  11. 126
  12. cost price
  13. True
  14. 192
  15. False
  16. selling price
  17. Profit
  18. Loss
  19. 8
  20. 180
  21. 63
  22. 18
  23. 8
  24. 50
  25. what it cost you
  26. 2
  27. 14
  28. False
  29. SP less than CP
  30. 56
  31. True
  32. 1
  33. True
  34. 15
  35. 8
  36. 156
  37. 52
  38. 4
  39. Profit
  40. Loss

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