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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 57 · 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 less than CP (b) SP equal to CP (c) always (d) SP more than CP
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.It costs ₹11 to make one fruit cup. On the last day Vihaan sells it for only ₹5. How much is the loss on one (in ₹)?
  4. 4.One potted plant costs Joseph ₹41 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.True or false: “money spent to get it” is the cost price. (a) False (b) True
  8. 8.It costs ₹52 to make one cup of lemonade. Zoya sells it for ₹69. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹42 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹5 to make one cup of lemonade. Meera sells it for ₹16. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹5 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.One fruit cup costs Nisha ₹44 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  17. 17.True or false: “what a customer pays” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.One cup of lemonade costs ₹27 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹23 to make one cup of lemonade. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
  25. 25.Nisha makes 29 glasses of chai at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  26. 26.Dev makes 13 fruit cups at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  27. 27.It costs ₹9 to make one cup of lemonade. On the last day Kavya sells it for only ₹8. How much is the loss on one (in ₹)?
  28. 28.One clay diya costs ₹23 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹30 to make one bag of popcorn. Rohan sells it for ₹42. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹36 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  31. 31.One potted plant costs Lakshmi ₹33 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹26 to make one painted pebble. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.True or false: “the price you sell at” is the selling price. (a) True (b) False
  35. 35.Aarav makes 13 fruit cups at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  38. 38.It costs ₹22 to make one cupcake. On the last day Saanvi sells it for only ₹15. How much is the loss on one (in ₹)?
  39. 39.It costs ₹38 to make one glass of chai. Vihaan sells it for ₹41. What is the profit on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) False (b) True

Answer key

  1. SP less than CP
  2. cost price
  3. 6
  4. Profit
  5. what the buyer pays
  6. cost price
  7. True
  8. 17
  9. 54
  10. 11
  11. 7
  12. selling price
  13. SP more than CP
  14. True
  15. Profit
  16. False
  17. True
  18. what it cost you
  19. selling price
  20. cost price
  21. selling price
  22. False
  23. 33
  24. 9
  25. 377
  26. 143
  27. 1
  28. 41
  29. 12
  30. 45
  31. Loss
  32. 9
  33. False
  34. True
  35. 169
  36. selling price
  37. True
  38. 7
  39. 3
  40. True

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