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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 352 · 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 loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.One cup of lemonade costs ₹59 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹44 to make one jute bag. Joseph sells it for ₹62. What is the profit on one (in ₹)?
  6. 6.It costs ₹50 to make one cupcake. Farhan sells it for ₹54. What is the profit on one (in ₹)?
  7. 7.True or false: “what a customer pays” is the cost price. (a) True (b) False
  8. 8.It costs ₹21 to make one bag of popcorn. Aarav sells it for ₹35. What is the profit on one (in ₹)?
  9. 9.Ishaan makes 26 potted plants at a cost of ₹21 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  10. 10.Aarav makes 21 jute bags at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.It costs ₹18 to make one handmade card. Joseph sells it for ₹28. What is the profit on one (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.It costs ₹67 to make one cupcake. On the last day Joseph sells it for only ₹57. How much is the loss on one (in ₹)?
  14. 14.It costs ₹20 to make one fruit cup. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.It costs ₹49 to make one bag of popcorn. Rohan sells it for ₹64. What is the profit on one (in ₹)?
  19. 19.True or false: “cost of making one” is the cost price. (a) True (b) False
  20. 20.One clay diya costs ₹19 to make. Joseph wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.One cup of lemonade costs Kabir ₹29 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.True or false: “the price you sell at” is the selling price. (a) True (b) False
  28. 28.It costs ₹32 to make one cupcake. Lakshmi sells it for ₹43. What is the profit on one (in ₹)?
  29. 29.Dev makes 17 bags of popcorn at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  31. 31.One bag of popcorn costs ₹32 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.Gurpreet makes 26 cups of lemonade at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.True or false: “money got from a sale” is the cost price. (a) True (b) False
  35. 35.Lakshmi makes 27 cups of lemonade at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  36. 36.One potted plant costs ₹25 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹40 to make one bag of popcorn. On the last day Nisha sells it for only ₹37. How much is the loss on one (in ₹)?
  38. 38.One glass of chai costs Ishaan ₹48 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One painted pebble costs ₹57 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹49 to make one handmade card. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?

Answer key

  1. SP less than CP
  2. True
  3. cost price
  4. 75
  5. 18
  6. 4
  7. False
  8. 14
  9. 130
  10. 189
  11. 10
  12. True
  13. 10
  14. 3
  15. selling price
  16. what the buyer pays
  17. cost price
  18. 15
  19. True
  20. 29
  21. SP more than CP
  22. selling price
  23. selling price
  24. True
  25. Loss
  26. cost price
  27. True
  28. 11
  29. 17
  30. selling price
  31. 46
  32. 286
  33. cost price
  34. False
  35. 243
  36. 32
  37. 3
  38. Loss
  39. 66
  40. 2

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