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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 212 · 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 profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  2. 2.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.It costs ₹20 to make one clay diya. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.Ananya makes 25 cups of lemonade at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.One cupcake costs ₹13 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹20 to make one glass of chai. On the last day Farhan sells it for only ₹14. How much is the loss on one (in ₹)?
  14. 14.One bag of popcorn costs ₹13 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.One cup of lemonade costs Saanvi ₹16 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹26 to make one paper bookmark. Tara sells it for ₹32. What is the profit on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the cost price. (a) True (b) False
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.One fruit cup costs ₹17 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹41 to make one glass of chai. On the last day Arjun sells it for only ₹36. How much is the loss on one (in ₹)?
  21. 21.Dev makes 10 fruit cups at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  22. 22.One clay diya costs ₹5 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹45 to make one cup of lemonade. On the last day Diya sells it for only ₹44. How much is the loss on one (in ₹)?
  24. 24.It costs ₹53 to make one cupcake. On the last day Zoya sells it for only ₹45. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.It costs ₹33 to make one potted plant. Nisha sells it for ₹36. What is the profit on one (in ₹)?
  28. 28.It costs ₹39 to make one glass of chai. Tara sells it for ₹41. What is the profit on one (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  31. 31.True or false: “the price on your board” is the cost price. (a) True (b) False
  32. 32.It costs ₹58 to make one cup of lemonade. Dev sells it for ₹77. What is the profit on one (in ₹)?
  33. 33.It costs ₹28 to make one jute bag. On the last day Kabir sells it for only ₹23. How much is the loss on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.It costs ₹40 to make one handmade card. On the last day Ishaan sells it for only ₹32. How much is the loss on one (in ₹)?
  37. 37.One handmade card costs Rohan ₹47 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.One jute bag costs Saanvi ₹53 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹36 to make one cup of lemonade. Aarav sells it for ₹43. What is the profit on one (in ₹)?

Answer key

  1. SP more than CP
  2. what the buyer pays
  3. selling price
  4. 11
  5. what it cost you
  6. selling price
  7. cost price
  8. cost price
  9. False
  10. 175
  11. True
  12. 33
  13. 6
  14. 19
  15. Loss
  16. 6
  17. True
  18. False
  19. 37
  20. 5
  21. 130
  22. 24
  23. 1
  24. 8
  25. cost price
  26. False
  27. 3
  28. 2
  29. True
  30. SP less than CP
  31. False
  32. 19
  33. 5
  34. False
  35. True
  36. 8
  37. Profit
  38. False
  39. Loss
  40. 7

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