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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 222 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  2. 2.It costs ₹40 to make one cup of lemonade. Ananya sells it for ₹59. What is the profit on one (in ₹)?
  3. 3.It costs ₹24 to make one painted pebble. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?
  4. 4.One bag of popcorn costs Nisha ₹50 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  6. 6.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.Kabir makes 25 cups of lemonade at a cost of ₹9 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  9. 9.One cup of lemonade costs ₹10 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.One paper bookmark costs Meera ₹34 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹19 to make one jute bag. On the last day Nisha sells it for only ₹10. How much is the loss on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the selling price. (a) False (b) True
  17. 17.True or false: “money spent to get it” is the selling price. (a) False (b) True
  18. 18.One bag of popcorn costs ₹30 to make. Gurpreet wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹27 to make one friendship band. On the last day Tara sells it for only ₹21. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.One glass of chai costs Nisha ₹38 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.It costs ₹32 to make one fruit cup. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  24. 24.One cup of lemonade costs Meera ₹34 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One clay diya costs Meera ₹59 to make and sells for ₹71. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹52 to make one fruit cup. Aarav sells it for ₹67. What is the profit on one (in ₹)?
  27. 27.True or false: “money spent to get it” is the cost price. (a) True (b) False
  28. 28.It costs ₹68 to make one cup of lemonade. On the last day Aarav sells it for only ₹60. How much is the loss on one (in ₹)?
  29. 29.One glass of chai costs Saanvi ₹20 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One cupcake costs ₹5 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹54 to make one painted pebble. Ishaan sells it for ₹58. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  33. 33.One handmade card costs ₹12 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹57 to make one potted plant. On the last day Vihaan sells it for only ₹52. How much is the loss on one (in ₹)?
  35. 35.Vihaan makes 21 bags of popcorn at a cost of ₹22 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.One glass of chai costs Dev ₹23 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  39. 39.It costs ₹29 to make one potted plant. Farhan sells it for ₹31. What is the profit on one (in ₹)?
  40. 40.It costs ₹32 to make one cup of lemonade. Ishaan sells it for ₹39. What is the profit on one (in ₹)?

Answer key

  1. what it cost you
  2. 19
  3. 7
  4. Profit
  5. SP less than CP
  6. what the buyer pays
  7. selling price
  8. 325
  9. 25
  10. SP more than CP
  11. True
  12. selling price
  13. True
  14. Loss
  15. 9
  16. False
  17. False
  18. 34
  19. 6
  20. cost price
  21. Profit
  22. cost price
  23. 4
  24. Loss
  25. Profit
  26. 15
  27. True
  28. 8
  29. Profit
  30. 9
  31. 4
  32. cost price
  33. 13
  34. 5
  35. 294
  36. selling price
  37. Profit
  38. False
  39. 2
  40. 7

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