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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 783 · 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.It costs ₹55 to make one cup of lemonade. On the last day Nisha sells it for only ₹52. How much is the loss on one (in ₹)?
  2. 2.It costs ₹15 to make one glass of chai. Aarav sells it for ₹31. What is the profit on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.It costs ₹37 to make one bag of popcorn. Saanvi sells it for ₹49. What is the profit on one (in ₹)?
  5. 5.True or false: “the price on your board” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  7. 7.One clay diya costs ₹33 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  11. 11.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  12. 12.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  16. 16.It costs ₹26 to make one cupcake. On the last day Farhan sells it for only ₹24. How much is the loss on one (in ₹)?
  17. 17.It costs ₹7 to make one cup of lemonade. Tara sells it for ₹12. What is the profit on one (in ₹)?
  18. 18.It costs ₹24 to make one potted plant. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.One bag of popcorn costs ₹36 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  22. 22.One glass of chai costs Saanvi ₹26 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Tara makes 12 cups of lemonade at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  24. 24.One bag of popcorn costs ₹48 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  25. 25.One glass of chai costs Diya ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Tara makes 25 handmade cards at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.One fruit cup costs Rohan ₹37 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹53 to make one glass of chai. Dev sells it for ₹59. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.Tara makes 6 paper bookmarks at a cost of ₹40 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  34. 34.It costs ₹13 to make one glass of chai. On the last day Tara sells it for only ₹11. How much is the loss on one (in ₹)?
  35. 35.It costs ₹16 to make one cupcake. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.It costs ₹12 to make one glass of chai. On the last day Farhan sells it for only ₹8. How much is the loss on one (in ₹)?
  39. 39.One clay diya costs Nisha ₹28 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One bag of popcorn costs Nisha ₹32 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 3
  2. 16
  3. False
  4. 12
  5. True
  6. what it cost you
  7. 47
  8. cost price
  9. cost price
  10. True
  11. what the buyer pays
  12. SP more than CP
  13. False
  14. cost price
  15. SP less than CP
  16. 2
  17. 5
  18. 4
  19. selling price
  20. 43
  21. cost price
  22. Loss
  23. 108
  24. 51
  25. Loss
  26. 50
  27. False
  28. selling price
  29. False
  30. Loss
  31. 6
  32. selling price
  33. 84
  34. 2
  35. 15
  36. True
  37. selling price
  38. 4
  39. Profit
  40. Profit

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