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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 963 · 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.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  2. 2.It costs ₹17 to make one cup of lemonade. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  3. 3.It costs ₹29 to make one paper bookmark. On the last day Diya sells it for only ₹25. How much is the loss on one (in ₹)?
  4. 4.One paper bookmark costs Joseph ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.One glass of chai costs ₹36 to make. Ananya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  7. 7.One fruit cup costs Kabir ₹21 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.Nisha makes 21 cups of lemonade at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  9. 9.It costs ₹27 to make one cup of lemonade. On the last day Dev sells it for only ₹25. How much is the loss on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.Rohan makes 6 paper bookmarks at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.It costs ₹31 to make one fruit cup. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹26 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  15. 15.One potted plant costs Rohan ₹52 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  17. 17.Farhan makes 28 cupcakes at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  18. 18.It costs ₹22 to make one cup of lemonade. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  19. 19.True or false: “cost of making one” is the cost price. (a) True (b) False
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.One potted plant costs ₹13 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money spent to get it” is the selling price. (a) False (b) True
  25. 25.True or false: “the price you sell at” is the selling price. (a) False (b) True
  26. 26.True or false: “what you paid for it” is the cost price. (a) True (b) False
  27. 27.True or false: “what a customer pays” is the cost price. (a) False (b) True
  28. 28.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  29. 29.It costs ₹35 to make one paper bookmark. Nisha sells it for ₹54. What is the profit on one (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) True (b) False
  31. 31.It costs ₹9 to make one handmade card. Vihaan sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.It costs ₹52 to make one friendship band. Lakshmi sells it for ₹53. What is the profit on one (in ₹)?
  35. 35.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  36. 36.It costs ₹63 to make one glass of chai. On the last day Kavya sells it for only ₹54. How much is the loss on one (in ₹)?
  37. 37.It costs ₹31 to make one potted plant. Nisha sells it for ₹45. What is the profit on one (in ₹)?
  38. 38.Kavya makes 6 handmade cards at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.It costs ₹38 to make one cup of lemonade. On the last day Farhan sells it for only ₹35. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. 1
  3. 4
  4. Profit
  5. cost price
  6. 48
  7. Profit
  8. 84
  9. 2
  10. True
  11. 66
  12. selling price
  13. 14
  14. 28
  15. Loss
  16. selling price
  17. 84
  18. 2
  19. True
  20. cost price
  21. what the buyer pays
  22. cost price
  23. 19
  24. False
  25. True
  26. True
  27. False
  28. SP more than CP
  29. 19
  30. False
  31. 18
  32. cost price
  33. selling price
  34. 1
  35. SP less than CP
  36. 9
  37. 14
  38. 36
  39. selling price
  40. 3

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