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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 516 · 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.One cup of lemonade costs Kabir ₹18 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  4. 4.One bag of popcorn costs ₹58 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.It costs ₹39 to make one cup of lemonade. Vihaan sells it for ₹59. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.It costs ₹12 to make one cup of lemonade. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  12. 12.One fruit cup costs Vihaan ₹33 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.It costs ₹27 to make one potted plant. Farhan sells it for ₹41. What is the profit on one (in ₹)?
  15. 15.It costs ₹39 to make one cupcake. Ananya sells it for ₹46. What is the profit on one (in ₹)?
  16. 16.It costs ₹29 to make one handmade card. On the last day Aarav sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.It costs ₹22 to make one jute bag. On the last day Aarav sells it for only ₹12. How much is the loss on one (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.One fruit cup costs Rohan ₹38 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  21. 21.True or false: “money spent to get it” is the selling price. (a) False (b) True
  22. 22.Farhan makes 12 paper bookmarks at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  24. 24.It costs ₹28 to make one jute bag. Tara sells it for ₹44. What is the profit on one (in ₹)?
  25. 25.It costs ₹13 to make one fruit cup. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.It costs ₹18 to make one clay diya. Gurpreet sells it for ₹36. What is the profit on one (in ₹)?
  28. 28.It costs ₹34 to make one cupcake. On the last day Gurpreet sells it for only ₹32. How much is the loss on one (in ₹)?
  29. 29.Meera makes 18 paper bookmarks at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  30. 30.Aarav makes 28 paper bookmarks at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  32. 32.It costs ₹33 to make one painted pebble. Nisha sells it for ₹42. What is the profit on one (in ₹)?
  33. 33.Arjun makes 7 bags of popcorn at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.One bag of popcorn costs ₹14 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.One paper bookmark costs ₹25 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.One glass of chai costs ₹50 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the selling price. (a) True (b) False
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.It costs ₹38 to make one painted pebble. Vihaan sells it for ₹49. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. selling price
  3. what the buyer pays
  4. 61
  5. cost price
  6. selling price
  7. SP less than CP
  8. cost price
  9. 20
  10. selling price
  11. 7
  12. Loss
  13. True
  14. 14
  15. 7
  16. 10
  17. 10
  18. False
  19. Profit
  20. SP more than CP
  21. False
  22. 12
  23. True
  24. 16
  25. 8
  26. False
  27. 18
  28. 2
  29. 216
  30. 84
  31. what it cost you
  32. 9
  33. 21
  34. 24
  35. selling price
  36. 41
  37. 51
  38. False
  39. cost price
  40. 11

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