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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 85 · 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.One cup of lemonade costs ₹50 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹40 to make one bag of popcorn. On the last day Tara sells it for only ₹36. How much is the loss on one (in ₹)?
  3. 3.One jute bag costs Diya ₹60 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs Vihaan ₹22 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  8. 8.One jute bag costs ₹53 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹38 to make one glass of chai. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.True or false: “money got from a sale” is the selling price. (a) False (b) True
  14. 14.It costs ₹14 to make one paper bookmark. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  15. 15.True or false: “the price you sell at” is the selling price. (a) True (b) False
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.It costs ₹54 to make one glass of chai. On the last day Ishaan sells it for only ₹47. How much is the loss on one (in ₹)?
  18. 18.It costs ₹16 to make one potted plant. Nisha sells it for ₹22. What is the profit on one (in ₹)?
  19. 19.It costs ₹27 to make one paper bookmark. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  20. 20.Rohan makes 30 glasses of chai at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  21. 21.Saanvi makes 30 friendship bands at a cost of ₹11 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.It costs ₹43 to make one cupcake. On the last day Saanvi sells it for only ₹34. How much is the loss on one (in ₹)?
  24. 24.One clay diya costs Saanvi ₹41 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Tara makes 20 friendship bands at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  27. 27.True or false: “money spent to get it” is the selling price. (a) True (b) False
  28. 28.True or false: “what you paid for it” is the selling price. (a) False (b) True
  29. 29.True or false: “what a customer pays” is the cost price. (a) True (b) False
  30. 30.It costs ₹43 to make one potted plant. Tara sells it for ₹53. What is the profit on one (in ₹)?
  31. 31.True or false: “money spent to get it” is the cost price. (a) False (b) True
  32. 32.One jute bag costs ₹51 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
  35. 35.It costs ₹44 to make one friendship band. Arjun sells it for ₹55. What is the profit on one (in ₹)?
  36. 36.Gurpreet makes 23 glasses of chai at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  37. 37.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  38. 38.It costs ₹58 to make one bag of popcorn. Zoya sells it for ₹64. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹14 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.One glass of chai costs ₹52 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. 61
  2. 4
  3. Loss
  4. selling price
  5. Loss
  6. cost price
  7. what it cost you
  8. 69
  9. 4
  10. cost price
  11. SP less than CP
  12. cost price
  13. True
  14. 4
  15. True
  16. True
  17. 7
  18. 6
  19. 7
  20. 240
  21. 180
  22. selling price
  23. 9
  24. Loss
  25. 120
  26. selling price
  27. False
  28. False
  29. False
  30. 10
  31. True
  32. 62
  33. True
  34. False
  35. 11
  36. 299
  37. SP more than CP
  38. 6
  39. 18
  40. 68

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