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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 755 · 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.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  2. 2.It costs ₹20 to make one cup of lemonade. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  3. 3.It costs ₹44 to make one cupcake. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.It costs ₹53 to make one cup of lemonade. Zoya sells it for ₹63. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.True or false: “the price you sell at” is the cost price. (a) False (b) True
  8. 8.One clay diya costs ₹13 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹38 to make one cupcake. Riya sells it for ₹44. What is the profit on one (in ₹)?
  10. 10.It costs ₹10 to make one paper bookmark. Zoya sells it for ₹29. What is the profit on one (in ₹)?
  11. 11.It costs ₹39 to make one clay diya. On the last day Gurpreet sells it for only ₹32. How much is the loss on one (in ₹)?
  12. 12.It costs ₹21 to make one glass of chai. Lakshmi sells it for ₹24. What is the profit on one (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  14. 14.Riya makes 20 cups of lemonade at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.Ananya makes 29 cups of lemonade at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  20. 20.It costs ₹48 to make one cupcake. On the last day Zoya sells it for only ₹46. How much is the loss on one (in ₹)?
  21. 21.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  22. 22.One cup of lemonade costs Farhan ₹37 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  25. 25.It costs ₹61 to make one painted pebble. On the last day Gurpreet sells it for only ₹59. How much is the loss on one (in ₹)?
  26. 26.Ananya makes 25 cups of lemonade at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  27. 27.One potted plant costs ₹60 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  28. 28.One friendship band costs ₹23 to make. Joseph wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.True or false: “what a customer pays” is the cost price. (a) False (b) True
  31. 31.True or false: “what a customer pays” is the selling price. (a) False (b) True
  32. 32.One potted plant costs ₹39 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹58 to make one cupcake. Joseph sells it for ₹77. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs Arjun ₹42 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “money spent to get it” is the selling price. (a) False (b) True
  36. 36.One handmade card costs ₹9 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.One potted plant costs ₹60 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹20 to make one painted pebble. On the last day Dev sells it for only ₹10. How much is the loss on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. SP more than CP
  2. 3
  3. 2
  4. selling price
  5. 10
  6. cost price
  7. False
  8. 22
  9. 6
  10. 19
  11. 7
  12. 3
  13. SP less than CP
  14. 240
  15. cost price
  16. True
  17. what it cost you
  18. True
  19. 174
  20. 2
  21. what the buyer pays
  22. Profit
  23. False
  24. selling price
  25. 2
  26. 100
  27. 61
  28. 41
  29. False
  30. False
  31. True
  32. 40
  33. 19
  34. Profit
  35. False
  36. 10
  37. 73
  38. 10
  39. False
  40. selling price

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