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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 933 · 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.It costs ₹35 to make one cup of lemonade. Saanvi sells it for ₹50. What is the profit on one (in ₹)?
  2. 2.It costs ₹37 to make one potted plant. Joseph sells it for ₹47. What is the profit on one (in ₹)?
  3. 3.True or false: “cost of making one” is the cost price. (a) True (b) False
  4. 4.True or false: “what a customer pays” is the selling price. (a) False (b) True
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.It costs ₹23 to make one paper bookmark. Tara sells it for ₹27. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.It costs ₹65 to make one clay diya. On the last day Vihaan sells it for only ₹59. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  12. 12.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  13. 13.It costs ₹37 to make one handmade card. On the last day Joseph sells it for only ₹34. How much is the loss on one (in ₹)?
  14. 14.It costs ₹43 to make one painted pebble. Joseph sells it for ₹59. What is the profit on one (in ₹)?
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  17. 17.Nisha makes 23 handmade cards at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.It costs ₹17 to make one paper bookmark. On the last day Joseph sells it for only ₹12. How much is the loss on one (in ₹)?
  20. 20.One painted pebble costs Joseph ₹41 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One potted plant costs ₹13 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.One friendship band costs ₹23 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.One fruit cup costs Aarav ₹37 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.It costs ₹7 to make one potted plant. Arjun sells it for ₹14. What is the profit on one (in ₹)?
  28. 28.Kabir makes 26 cups of lemonade at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  29. 29.One glass of chai costs Meera ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “what you paid for it” is the cost price. (a) False (b) True
  31. 31.True or false: “the price you sell at” is the selling price. (a) False (b) True
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.It costs ₹58 to make one clay diya. On the last day Zoya sells it for only ₹57. How much is the loss on one (in ₹)?
  35. 35.One fruit cup costs ₹18 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹13 to make one cup of lemonade. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  38. 38.One friendship band costs Farhan ₹22 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “money spent to get it” is the selling price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price

Answer key

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

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