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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 708 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.It costs ₹10 to make one cupcake. Ishaan sells it for ₹17. What is the profit on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.Kabir makes 10 cups of lemonade at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  9. 9.True or false: “the price on your board” is the selling price. (a) False (b) True
  10. 10.It costs ₹44 to make one cup of lemonade. On the last day Meera sells it for only ₹43. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  13. 13.It costs ₹21 to make one glass of chai. Arjun sells it for ₹22. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs Kavya ₹38 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.It costs ₹31 to make one potted plant. Gurpreet sells it for ₹43. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  18. 18.One cup of lemonade costs ₹35 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  19. 19.One glass of chai costs ₹39 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹16 to make one clay diya. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  21. 21.It costs ₹33 to make one paper bookmark. Gurpreet sells it for ₹36. What is the profit on one (in ₹)?
  22. 22.It costs ₹46 to make one handmade card. Aarav sells it for ₹47. What is the profit on one (in ₹)?
  23. 23.True or false: “what a customer pays” is the selling price. (a) False (b) True
  24. 24.Gurpreet makes 27 cups of lemonade at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  25. 25.Kavya makes 19 bags of popcorn at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  27. 27.It costs ₹42 to make one fruit cup. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  28. 28.Diya makes 19 cups of lemonade at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.It costs ₹18 to make one handmade card. On the last day Ananya sells it for only ₹11. How much is the loss on one (in ₹)?
  30. 30.Zoya makes 23 painted pebbles at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.It costs ₹35 to make one cup of lemonade. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?
  33. 33.It costs ₹49 to make one glass of chai. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) False (b) True
  35. 35.One cup of lemonade costs Dev ₹16 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “what you paid for it” is the cost price. (a) True (b) False
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.One potted plant costs ₹9 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹45 to make one fruit cup. Rohan sells it for ₹57. What is the profit on one (in ₹)?
  40. 40.It costs ₹39 to make one handmade card. Vihaan sells it for ₹53. What is the profit on one (in ₹)?

Answer key

  1. True
  2. SP less than CP
  3. selling price
  4. selling price
  5. 7
  6. SP more than CP
  7. cost price
  8. 130
  9. True
  10. 1
  11. selling price
  12. what the buyer pays
  13. 1
  14. Loss
  15. cost price
  16. 12
  17. what it cost you
  18. 42
  19. 58
  20. 2
  21. 3
  22. 1
  23. True
  24. 297
  25. 38
  26. selling price
  27. 8
  28. 114
  29. 7
  30. 115
  31. cost price
  32. 2
  33. 7
  34. False
  35. Loss
  36. True
  37. False
  38. 15
  39. 12
  40. 14

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