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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 939 · 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 friendship band costs ₹40 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.It costs ₹36 to make one cup of lemonade. On the last day Tara sells it for only ₹34. How much is the loss on one (in ₹)?
  4. 4.It costs ₹13 to make one jute bag. On the last day Riya sells it for only ₹6. How much is the loss on one (in ₹)?
  5. 5.One jute bag costs Kabir ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  7. 7.One friendship band costs Dev ₹17 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹6 to make one handmade card. Diya sells it for ₹8. What is the profit on one (in ₹)?
  9. 9.It costs ₹43 to make one clay diya. Diya sells it for ₹60. What is the profit on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.It costs ₹24 to make one glass of chai. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  12. 12.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.Gurpreet makes 8 paper bookmarks at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  15. 15.True or false: “the price on your board” is the selling price. (a) True (b) False
  16. 16.Nisha makes 17 bags of popcorn at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.It costs ₹53 to make one jute bag. On the last day Zoya sells it for only ₹48. How much is the loss on one (in ₹)?
  18. 18.One cupcake costs ₹5 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.It costs ₹18 to make one handmade card. Ishaan sells it for ₹25. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.One friendship band costs Arjun ₹22 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.One painted pebble costs ₹16 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.It costs ₹41 to make one painted pebble. On the last day Meera sells it for only ₹39. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  31. 31.Ananya makes 25 painted pebbles at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  32. 32.One glass of chai costs ₹7 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹10 to make one glass of chai. Dev sells it for ₹25. What is the profit on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  35. 35.It costs ₹24 to make one cupcake. Farhan sells it for ₹37. What is the profit on one (in ₹)?
  36. 36.It costs ₹31 to make one handmade card. Nisha sells it for ₹46. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs Tara ₹42 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Ishaan makes 22 cups of lemonade at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  39. 39.Riya makes 20 cups of lemonade at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) True (b) False

Answer key

  1. 41
  2. selling price
  3. 2
  4. 7
  5. Loss
  6. what it cost you
  7. Profit
  8. 2
  9. 17
  10. True
  11. 20
  12. what the buyer pays
  13. False
  14. 64
  15. True
  16. 119
  17. 5
  18. 13
  19. False
  20. 7
  21. cost price
  22. Profit
  23. selling price
  24. cost price
  25. 21
  26. False
  27. cost price
  28. selling price
  29. 2
  30. cost price
  31. 250
  32. 21
  33. 15
  34. True
  35. 13
  36. 15
  37. Loss
  38. 176
  39. 220
  40. False

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