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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 790 · 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 ₹15 to make one jute bag. Tara sells it for ₹17. What is the profit on one (in ₹)?
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.It costs ₹64 to make one jute bag. On the last day Ananya sells it for only ₹57. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  6. 6.It costs ₹31 to make one cupcake. On the last day Kavya sells it for only ₹26. How much is the loss on one (in ₹)?
  7. 7.One bag of popcorn costs ₹5 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹13 to make one glass of chai. On the last day Nisha sells it for only ₹8. How much is the loss on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.One bag of popcorn costs Ananya ₹16 to make and sells for ₹3. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.One fruit cup costs ₹53 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹63 to make one cup of lemonade. On the last day Joseph sells it for only ₹54. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  18. 18.It costs ₹58 to make one clay diya. Kavya sells it for ₹63. What is the profit on one (in ₹)?
  19. 19.Nisha makes 7 cups of lemonade at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  20. 20.One paper bookmark costs ₹59 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹56 to make one cup of lemonade. On the last day Ishaan sells it for only ₹52. How much is the loss on one (in ₹)?
  22. 22.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  23. 23.It costs ₹49 to make one clay diya. On the last day Gurpreet sells it for only ₹40. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.It costs ₹39 to make one glass of chai. On the last day Arjun sells it for only ₹32. How much is the loss on one (in ₹)?
  26. 26.It costs ₹16 to make one jute bag. On the last day Saanvi sells it for only ₹12. How much is the loss on one (in ₹)?
  27. 27.It costs ₹42 to make one cupcake. On the last day Farhan sells it for only ₹32. How much is the loss on one (in ₹)?
  28. 28.One handmade card costs Vihaan ₹40 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.Rohan makes 7 clay diyas at a cost of ₹25 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  30. 30.It costs ₹27 to make one potted plant. On the last day Kabir sells it for only ₹20. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs ₹10 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  32. 32.Zoya makes 26 cupcakes at a cost of ₹24 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  33. 33.True or false: “money got from a sale” is the cost price. (a) False (b) True
  34. 34.It costs ₹19 to make one jute bag. Farhan sells it for ₹28. What is the profit on one (in ₹)?
  35. 35.Zoya makes 19 potted plants at a cost of ₹18 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  36. 36.It costs ₹64 to make one handmade card. On the last day Gurpreet sells it for only ₹58. How much is the loss on one (in ₹)?
  37. 37.It costs ₹53 to make one fruit cup. Kavya sells it for ₹73. What is the profit on one (in ₹)?
  38. 38.It costs ₹44 to make one friendship band. Zoya sells it for ₹62. What is the profit on one (in ₹)?
  39. 39.It costs ₹30 to make one painted pebble. Tara sells it for ₹35. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs Saanvi ₹34 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 2
  2. True
  3. 7
  4. selling price
  5. SP less than CP
  6. 5
  7. 12
  8. 5
  9. True
  10. cost price
  11. cost price
  12. cost price
  13. Loss
  14. cost price
  15. 72
  16. 9
  17. what it cost you
  18. 5
  19. 84
  20. 69
  21. 4
  22. what the buyer pays
  23. 9
  24. False
  25. 7
  26. 4
  27. 10
  28. Profit
  29. 28
  30. 7
  31. 23
  32. 156
  33. False
  34. 9
  35. 38
  36. 6
  37. 20
  38. 18
  39. 5
  40. Profit

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