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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 260 · 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.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.True or false: “the price on your board” is the selling price. (a) True (b) False
  5. 5.One cup of lemonade costs Vihaan ₹16 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.It costs ₹17 to make one jute bag. Tara sells it for ₹23. What is the profit on one (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  8. 8.One paper bookmark costs ₹17 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  12. 12.It costs ₹30 to make one cup of lemonade. On the last day Vihaan sells it for only ₹24. How much is the loss on one (in ₹)?
  13. 13.One cup of lemonade costs ₹31 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.One painted pebble costs ₹14 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹61 to make one painted pebble. On the last day Nisha sells it for only ₹53. How much is the loss on one (in ₹)?
  17. 17.One cupcake costs Kabir ₹31 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “the price you sell at” is the selling price. (a) True (b) False
  19. 19.It costs ₹40 to make one handmade card. Tara sells it for ₹45. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹38 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.One bag of popcorn costs Ananya ₹37 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One cup of lemonade costs Meera ₹55 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Zoya makes 8 painted pebbles at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.One potted plant costs ₹20 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹42 to make one fruit cup. Meera sells it for ₹52. What is the profit on one (in ₹)?
  28. 28.One jute bag costs Arjun ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One cup of lemonade costs Farhan ₹48 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One cup of lemonade costs Kavya ₹55 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  34. 34.Aarav makes 21 cups of lemonade at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  35. 35.One fruit cup costs ₹18 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  36. 36.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  37. 37.Rohan makes 10 glasses of chai at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  38. 38.Aarav makes 19 paper bookmarks at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  39. 39.One fruit cup costs Farhan ₹55 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. False
  3. selling price
  4. True
  5. Loss
  6. 6
  7. True
  8. 32
  9. False
  10. selling price
  11. what it cost you
  12. 6
  13. 32
  14. False
  15. 17
  16. 8
  17. Loss
  18. True
  19. 5
  20. 55
  21. cost price
  22. Profit
  23. Profit
  24. 96
  25. selling price
  26. 37
  27. 10
  28. Loss
  29. Loss
  30. Profit
  31. cost price
  32. True
  33. SP less than CP
  34. 63
  35. 33
  36. what the buyer pays
  37. 50
  38. 38
  39. Loss
  40. False

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