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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 307 · 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.True or false: “money got from a sale” is the cost price. (a) True (b) False
  2. 2.True or false: “the price you sell at” is the selling price. (a) True (b) False
  3. 3.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  4. 4.One paper bookmark costs ₹40 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹9 to make one cup of lemonade. Diya sells it for ₹29. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs Kabir ₹20 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹58 to make one cup of lemonade. On the last day Arjun sells it for only ₹56. How much is the loss on one (in ₹)?
  8. 8.Aarav makes 15 fruit cups at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  9. 9.Saanvi makes 7 handmade cards at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  10. 10.Dev makes 26 cups of lemonade at a cost of ₹33 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  11. 11.One cup of lemonade costs ₹54 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.It costs ₹21 to make one paper bookmark. Saanvi sells it for ₹23. What is the profit on one (in ₹)?
  15. 15.It costs ₹31 to make one cup of lemonade. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  16. 16.It costs ₹21 to make one cupcake. On the last day Riya sells it for only ₹11. How much is the loss on one (in ₹)?
  17. 17.Riya makes 20 clay diyas at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  18. 18.It costs ₹22 to make one bag of popcorn. Rohan sells it for ₹36. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹9 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹30 to make one jute bag. Aarav sells it for ₹47. What is the profit on one (in ₹)?
  21. 21.It costs ₹39 to make one fruit cup. Dev sells it for ₹41. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹13 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.One cup of lemonade costs Vihaan ₹17 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.Lakshmi makes 29 clay diyas at a cost of ₹19 each and sells all of them at ₹32 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.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  29. 29.It costs ₹40 to make one glass of chai. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  30. 30.One paper bookmark costs Diya ₹32 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One bag of popcorn costs Meera ₹19 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “what a customer pays” is the selling price. (a) True (b) False
  33. 33.One potted plant costs ₹10 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  34. 34.One cup of lemonade costs ₹24 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.Gurpreet makes 26 cups of lemonade at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  37. 37.True or false: “money got from a sale” is the selling price. (a) False (b) True
  38. 38.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  39. 39.One cupcake costs Zoya ₹38 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹35 to make one bag of popcorn. On the last day Tara sells it for only ₹25. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. True
  3. SP less than CP
  4. 57
  5. 20
  6. Loss
  7. 2
  8. 150
  9. 42
  10. 312
  11. 73
  12. selling price
  13. cost price
  14. 2
  15. 13
  16. 10
  17. 300
  18. 14
  19. 13
  20. 17
  21. 2
  22. 20
  23. True
  24. Profit
  25. selling price
  26. 377
  27. cost price
  28. SP more than CP
  29. 10
  30. Profit
  31. Profit
  32. True
  33. 25
  34. 25
  35. 260
  36. False
  37. True
  38. what the buyer pays
  39. Profit
  40. 10

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