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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 981 · 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.

NameDateTime takenScore ___ / 40
  1. 1.It costs ₹46 to make one cup of lemonade. Ananya sells it for ₹66. What is the profit on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  3. 3.Meera makes 19 fruit cups at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  4. 4.It costs ₹18 to make one handmade card. On the last day Farhan sells it for only ₹17. How much is the loss on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.It costs ₹7 to make one cup of lemonade. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  8. 8.True or false: “the price you sell at” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  11. 11.It costs ₹39 to make one jute bag. On the last day Dev sells it for only ₹37. How much is the loss on one (in ₹)?
  12. 12.One bag of popcorn costs Vihaan ₹18 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.Rohan makes 26 cupcakes at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  14. 14.Farhan makes 27 painted pebbles at a cost of ₹11 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  15. 15.It costs ₹18 to make one glass of chai. On the last day Dev sells it for only ₹15. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  17. 17.One glass of chai costs ₹13 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹24 to make one clay diya. Aarav sells it for ₹27. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs Gurpreet ₹45 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  21. 21.True or false: “what you paid for it” is the selling price. (a) False (b) True
  22. 22.Vihaan makes 16 handmade cards at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  23. 23.True or false: “money spent to get it” is the selling price. (a) True (b) False
  24. 24.Joseph makes 19 friendship bands at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  25. 25.It costs ₹29 to make one cupcake. Zoya sells it for ₹33. What is the profit on one (in ₹)?
  26. 26.It costs ₹13 to make one potted plant. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.It costs ₹44 to make one fruit cup. Ishaan sells it for ₹62. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the cost price. (a) False (b) True
  30. 30.Kabir makes 5 cups of lemonade at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
  32. 32.Kabir makes 27 glasses of chai at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  33. 33.It costs ₹54 to make one friendship band. On the last day Kabir sells it for only ₹44. How much is the loss on one (in ₹)?
  34. 34.One jute bag costs Diya ₹57 to make and sells for ₹69. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.Aarav makes 17 friendship bands at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  37. 37.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  38. 38.Tara makes 22 painted pebbles at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.It costs ₹68 to make one cup of lemonade. On the last day Saanvi sells it for only ₹59. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. 20
  2. SP more than CP
  3. 209
  4. 1
  5. True
  6. cost price
  7. 12
  8. True
  9. selling price
  10. SP less than CP
  11. 2
  12. Profit
  13. 182
  14. 81
  15. 3
  16. what it cost you
  17. 17
  18. 3
  19. Loss
  20. True
  21. False
  22. 48
  23. False
  24. 171
  25. 4
  26. 1
  27. False
  28. 18
  29. True
  30. 35
  31. True
  32. 405
  33. 10
  34. Profit
  35. cost price
  36. 85
  37. what the buyer pays
  38. 286
  39. 9
  40. cost price

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