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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 983 · 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.One cup of lemonade costs Riya ₹42 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.Kabir makes 12 cups of lemonade at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  3. 3.True or false: “what a customer pays” is the cost price. (a) True (b) False
  4. 4.It costs ₹58 to make one cup of lemonade. On the last day Saanvi sells it for only ₹49. How much is the loss on one (in ₹)?
  5. 5.It costs ₹18 to make one handmade card. On the last day Lakshmi sells it for only ₹16. How much is the loss on one (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.True or false: “the price you sell at” is the selling price. (a) True (b) False
  8. 8.One jute bag costs Arjun ₹54 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One cup of lemonade costs Kavya ₹32 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.It costs ₹16 to make one painted pebble. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.True or false: “the price on your board” is the cost price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  17. 17.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.One glass of chai costs ₹5 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹25 to make one handmade card. On the last day Aarav sells it for only ₹19. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.One clay diya costs Zoya ₹39 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One jute bag costs ₹33 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹26 to make one painted pebble. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  27. 27.It costs ₹9 to make one paper bookmark. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  28. 28.It costs ₹53 to make one cupcake. Dev sells it for ₹67. What is the profit on one (in ₹)?
  29. 29.It costs ₹21 to make one glass of chai. Meera sells it for ₹28. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs Tara ₹21 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “what you paid for it” is the cost price. (a) False (b) True
  32. 32.It costs ₹42 to make one cup of lemonade. Ananya sells it for ₹55. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  34. 34.It costs ₹37 to make one fruit cup. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  35. 35.It costs ₹24 to make one bag of popcorn. Farhan sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.Riya makes 27 handmade cards at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  37. 37.It costs ₹11 to make one glass of chai. On the last day Ishaan sells it for only ₹5. How much is the loss on one (in ₹)?
  38. 38.It costs ₹53 to make one fruit cup. On the last day Joseph sells it for only ₹48. How much is the loss on one (in ₹)?
  39. 39.True or false: “the price on your board” is the selling price. (a) True (b) False
  40. 40.Zoya makes 27 handmade cards at a cost of ₹7 each and sells all of them at ₹22 each. What is the total profit (in ₹)?

Answer key

  1. Loss
  2. 24
  3. False
  4. 9
  5. 2
  6. True
  7. True
  8. Loss
  9. Loss
  10. True
  11. 13
  12. selling price
  13. cost price
  14. False
  15. cost price
  16. SP less than CP
  17. what the buyer pays
  18. cost price
  19. 10
  20. 6
  21. selling price
  22. SP more than CP
  23. selling price
  24. Profit
  25. 47
  26. 13
  27. 13
  28. 14
  29. 7
  30. Loss
  31. True
  32. 13
  33. cost price
  34. 2
  35. 7
  36. 108
  37. 6
  38. 5
  39. True
  40. 405

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