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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 663 · 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 ₹60 to make one fruit cup. Zoya sells it for ₹61. What is the profit on one (in ₹)?
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.One painted pebble costs Kabir ₹52 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹60 to make one glass of chai. On the last day Vihaan sells it for only ₹51. How much is the loss on one (in ₹)?
  5. 5.It costs ₹15 to make one fruit cup. Dev sells it for ₹28. What is the profit on one (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.It costs ₹12 to make one bag of popcorn. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹43 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  10. 10.One painted pebble costs Diya ₹50 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One glass of chai costs ₹32 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.Lakshmi makes 6 painted pebbles at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  15. 15.One jute bag costs Ananya ₹24 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.True or false: “what you paid for it” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.True or false: “money got from a sale” is the selling price. (a) True (b) False
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.One bag of popcorn costs ₹17 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  21. 21.One friendship band costs Riya ₹17 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One fruit cup costs Zoya ₹22 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹17 to make one glass of chai. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹52 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.One clay diya costs Aarav ₹19 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹67 to make one glass of chai. On the last day Gurpreet sells it for only ₹59. How much is the loss on one (in ₹)?
  28. 28.One painted pebble costs ₹13 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.One glass of chai costs ₹24 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) True (b) False
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.It costs ₹44 to make one painted pebble. On the last day Joseph sells it for only ₹40. How much is the loss on one (in ₹)?
  33. 33.Lakshmi makes 27 cups of lemonade at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  35. 35.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  36. 36.It costs ₹12 to make one paper bookmark. Diya sells it for ₹18. What is the profit on one (in ₹)?
  37. 37.It costs ₹29 to make one handmade card. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the selling price. (a) False (b) True
  39. 39.It costs ₹30 to make one bag of popcorn. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?
  40. 40.One bag of popcorn costs Kabir ₹57 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 1
  2. True
  3. Loss
  4. 9
  5. 13
  6. SP more than CP
  7. cost price
  8. 17
  9. 46
  10. Loss
  11. 51
  12. SP less than CP
  13. selling price
  14. 66
  15. Loss
  16. False
  17. selling price
  18. True
  19. False
  20. 24
  21. Profit
  22. Profit
  23. 2
  24. 57
  25. cost price
  26. Loss
  27. 8
  28. 22
  29. 44
  30. False
  31. False
  32. 4
  33. 405
  34. what the buyer pays
  35. what it cost you
  36. 6
  37. 6
  38. True
  39. 9
  40. Loss

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