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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 332 · 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.It costs ₹33 to make one cup of lemonade. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  5. 5.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  6. 6.It costs ₹25 to make one paper bookmark. Aarav sells it for ₹27. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs Aarav ₹43 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One cupcake costs ₹26 to make. Meera wants a profit of ₹8 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 on your board? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  12. 12.It costs ₹42 to make one bag of popcorn. Aarav sells it for ₹48. What is the profit on one (in ₹)?
  13. 13.Aarav makes 21 fruit cups at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  14. 14.True or false: “the price you sell at” is the selling price. (a) False (b) True
  15. 15.It costs ₹46 to make one handmade card. On the last day Tara sells it for only ₹36. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.It costs ₹18 to make one paper bookmark. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  18. 18.It costs ₹43 to make one painted pebble. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs Nisha ₹37 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One potted plant costs Zoya ₹60 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “what a customer pays” is the selling price. (a) False (b) True
  22. 22.True or false: “money spent to get it” is the cost price. (a) False (b) True
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.One fruit cup costs ₹57 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “cost of making one” is the cost price. (a) True (b) False
  27. 27.It costs ₹24 to make one fruit cup. Tara sells it for ₹28. What is the profit on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.It costs ₹15 to make one bag of popcorn. Diya sells it for ₹25. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹10 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹32 to make one glass of chai. On the last day Dev sells it for only ₹24. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.It costs ₹54 to make one friendship band. On the last day Aarav sells it for only ₹52. How much is the loss on one (in ₹)?
  34. 34.Vihaan makes 12 cups of lemonade at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  35. 35.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  36. 36.One cup of lemonade costs Lakshmi ₹16 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.Lakshmi makes 17 glasses of chai at a cost of ₹38 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  39. 39.One glass of chai costs Rohan ₹29 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹59 to make one friendship band. Kavya sells it for ₹77. What is the profit on one (in ₹)?

Answer key

  1. 8
  2. False
  3. what it cost you
  4. SP less than CP
  5. SP more than CP
  6. 2
  7. Profit
  8. 34
  9. False
  10. selling price
  11. cost price
  12. 6
  13. 315
  14. True
  15. 10
  16. cost price
  17. 11
  18. 1
  19. Profit
  20. Loss
  21. True
  22. True
  23. True
  24. True
  25. 73
  26. True
  27. 4
  28. False
  29. 10
  30. 29
  31. 8
  32. cost price
  33. 2
  34. 12
  35. what the buyer pays
  36. Loss
  37. selling price
  38. 136
  39. Loss
  40. 18

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