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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 203 · 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.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  3. 3.It costs ₹50 to make one painted pebble. Gurpreet sells it for ₹56. What is the profit on one (in ₹)?
  4. 4.It costs ₹20 to make one cupcake. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  5. 5.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.It costs ₹36 to make one friendship band. Tara sells it for ₹44. What is the profit on one (in ₹)?
  9. 9.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹34 to make one cup of lemonade. On the last day Ananya sells it for only ₹26. How much is the loss on one (in ₹)?
  12. 12.One bag of popcorn costs Ananya ₹45 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹65 to make one handmade card. On the last day Joseph sells it for only ₹57. How much is the loss on one (in ₹)?
  14. 14.One cup of lemonade costs Aarav ₹41 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “what you paid for it” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.It costs ₹41 to make one paper bookmark. Tara sells it for ₹54. What is the profit on one (in ₹)?
  18. 18.True or false: “money got from a sale” is the selling price. (a) False (b) True
  19. 19.It costs ₹24 to make one jute bag. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  20. 20.It costs ₹23 to make one cup of lemonade. Farhan sells it for ₹39. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹36 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.It costs ₹23 to make one friendship band. Nisha sells it for ₹39. What is the profit on one (in ₹)?
  24. 24.It costs ₹32 to make one fruit cup. On the last day Saanvi sells it for only ₹22. How much is the loss on one (in ₹)?
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.Nisha makes 27 clay diyas at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.One cup of lemonade costs Vihaan ₹54 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One glass of chai costs Meera ₹46 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “cost of making one” is the cost price. (a) False (b) True
  31. 31.True or false: “what a customer pays” is the cost price. (a) True (b) False
  32. 32.One cup of lemonade costs ₹59 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.One bag of popcorn costs Aarav ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  36. 36.One cup of lemonade costs ₹42 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.Saanvi makes 25 fruit cups at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  38. 38.It costs ₹32 to make one potted plant. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹7 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.One glass of chai costs Farhan ₹43 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP less than CP
  2. what it cost you
  3. 6
  4. 7
  5. what the buyer pays
  6. cost price
  7. selling price
  8. 8
  9. SP more than CP
  10. selling price
  11. 8
  12. Loss
  13. 8
  14. Loss
  15. True
  16. selling price
  17. 13
  18. True
  19. 2
  20. 16
  21. 38
  22. selling price
  23. 16
  24. 10
  25. True
  26. 81
  27. cost price
  28. Loss
  29. Loss
  30. True
  31. False
  32. 75
  33. cost price
  34. Loss
  35. cost price
  36. 55
  37. 125
  38. 1
  39. 8
  40. Loss

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