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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 695 · 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 ₹46 to make one handmade card. Joseph sells it for ₹55. What is the profit on one (in ₹)?
  2. 2.One cupcake costs Kabir ₹25 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One painted pebble costs Ishaan ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  5. 5.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.Aarav makes 17 potted plants at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  8. 8.It costs ₹17 to make one cup of lemonade. Arjun sells it for ₹28. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.True or false: “what a customer pays” is the selling price. (a) False (b) True
  11. 11.Riya makes 19 friendship bands at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.One jute bag costs ₹43 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.It costs ₹46 to make one potted plant. On the last day Vihaan sells it for only ₹45. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  17. 17.Zoya makes 19 glasses of chai at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  18. 18.It costs ₹20 to make one glass of chai. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  19. 19.One clay diya costs Dev ₹16 to make and sells for ₹5. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One cupcake costs ₹39 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  21. 21.Rohan makes 13 glasses of chai at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  22. 22.One jute bag costs ₹57 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹34 to make one glass of chai. Ishaan sells it for ₹48. What is the profit on one (in ₹)?
  24. 24.Arjun makes 20 handmade cards at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  25. 25.True or false: “the price you sell at” is the cost price. (a) True (b) False
  26. 26.It costs ₹64 to make one cupcake. On the last day Gurpreet sells it for only ₹54. How much is the loss on one (in ₹)?
  27. 27.It costs ₹47 to make one bag of popcorn. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  28. 28.It costs ₹24 to make one jute bag. On the last day Dev sells it for only ₹18. How much is the loss on one (in ₹)?
  29. 29.True or false: “money got from a sale” is the selling price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  31. 31.It costs ₹49 to make one paper bookmark. On the last day Meera sells it for only ₹45. How much is the loss on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  34. 34.True or false: “money spent to get it” is the selling price. (a) False (b) True
  35. 35.True or false: “money spent to get it” is the cost price. (a) False (b) True
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  38. 38.It costs ₹55 to make one bag of popcorn. Tara sells it for ₹60. What is the profit on one (in ₹)?
  39. 39.It costs ₹20 to make one painted pebble. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  40. 40.Saanvi makes 13 jute bags at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?

Answer key

  1. 9
  2. Profit
  3. Loss
  4. SP less than CP
  5. what the buyer pays
  6. False
  7. 85
  8. 11
  9. selling price
  10. True
  11. 228
  12. cost price
  13. 57
  14. True
  15. 1
  16. what it cost you
  17. 152
  18. 7
  19. Loss
  20. 57
  21. 78
  22. 72
  23. 14
  24. 80
  25. False
  26. 10
  27. 7
  28. 6
  29. True
  30. selling price
  31. 4
  32. False
  33. SP more than CP
  34. False
  35. True
  36. cost price
  37. cost price
  38. 5
  39. 17
  40. 65

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