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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 75 · 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 ₹37 to make one fruit cup. Meera sells it for ₹41. What is the profit on one (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  3. 3.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  4. 4.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  5. 5.Farhan makes 17 cups of lemonade at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.Nisha makes 18 friendship bands at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.It costs ₹58 to make one cup of lemonade. Aarav sells it for ₹66. What is the profit on one (in ₹)?
  10. 10.It costs ₹33 to make one clay diya. On the last day Diya sells it for only ₹26. How much is the loss on one (in ₹)?
  11. 11.Meera makes 28 paper bookmarks at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  12. 12.It costs ₹58 to make one bag of popcorn. Kavya sells it for ₹78. What is the profit on one (in ₹)?
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.It costs ₹14 to make one paper bookmark. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs Kavya ₹17 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Diya makes 15 fruit cups at a cost of ₹18 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  19. 19.It costs ₹59 to make one handmade card. Riya sells it for ₹64. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs Kavya ₹50 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One clay diya costs ₹40 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹22 to make one friendship band. Arjun sells it for ₹23. What is the profit on one (in ₹)?
  23. 23.Meera makes 9 painted pebbles at a cost of ₹6 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  24. 24.One glass of chai costs ₹15 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  26. 26.One clay diya costs Ananya ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹60 to make one glass of chai. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.One painted pebble costs ₹51 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  30. 30.One handmade card costs ₹51 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹5 to make one painted pebble. Rohan sells it for ₹25. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹21 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹62 to make one glass of chai. On the last day Ishaan sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.It costs ₹54 to make one cupcake. Gurpreet sells it for ₹72. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  38. 38.Diya makes 8 jute bags at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  39. 39.Tara makes 5 paper bookmarks at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  40. 40.It costs ₹46 to make one glass of chai. On the last day Ananya sells it for only ₹42. How much is the loss on one (in ₹)?

Answer key

  1. 4
  2. True
  3. what the buyer pays
  4. SP more than CP
  5. 51
  6. cost price
  7. 90
  8. False
  9. 8
  10. 7
  11. 28
  12. 20
  13. False
  14. cost price
  15. 19
  16. Loss
  17. 135
  18. what it cost you
  19. 5
  20. Loss
  21. 45
  22. 1
  23. 135
  24. 27
  25. SP less than CP
  26. Loss
  27. 8
  28. False
  29. 58
  30. 53
  31. 20
  32. 38
  33. 7
  34. False
  35. 18
  36. selling price
  37. cost price
  38. 64
  39. 25
  40. 4

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