Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 119 · 40 questions

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.

1. 1.True or false: “cost of making one” is the cost price. (a) True (b) False
2. 2.One fruit cup costs Rohan ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
3. 3.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
6. 6.One handmade card costs Vihaan ₹47 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
7. 7.It costs ₹57 to make one glass of chai. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
8. 8.It costs ₹50 to make one glass of chai. On the last day Gurpreet sells it for only ₹44. How much is the loss on one (in ₹)?
9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
10. 10.It costs ₹19 to make one cup of lemonade. Meera sells it for ₹33. What is the profit on one (in ₹)?
11. 11.One fruit cup costs Kabir ₹39 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
15. 15.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
16. 16.Aarav makes 26 potted plants at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
17. 17.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
18. 18.Zoya makes 14 paper bookmarks at a cost of ₹5 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
19. 19.True or false: “the price you sell at” is the cost price. (a) False (b) True
20. 20.Kavya makes 24 handmade cards at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
21. 21.It costs ₹5 to make one cupcake. Lakshmi sells it for ₹20. What is the profit on one (in ₹)?
22. 22.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
24. 24.True or false: “money spent to get it” is the selling price. (a) True (b) False
25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
26. 26.Kabir makes 29 handmade cards at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
27. 27.Lakshmi makes 11 cupcakes at a cost of ₹9 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
28. 28.True or false: “the price on your board” is the selling price. (a) True (b) False
29. 29.Joseph makes 15 glasses of chai at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
30. 30.True or false: “money got from a sale” is the selling price. (a) True (b) False
31. 31.It costs ₹29 to make one cupcake. Zoya sells it for ₹37. What is the profit on one (in ₹)?
32. 32.Diya makes 29 bags of popcorn at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
33. 33.It costs ₹22 to make one jute bag. Farhan sells it for ₹34. What is the profit on one (in ₹)?
34. 34.Arjun makes 29 fruit cups at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
35. 35.It costs ₹35 to make one clay diya. Ishaan sells it for ₹55. What is the profit on one (in ₹)?
36. 36.One glass of chai costs ₹13 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
38. 38.It costs ₹21 to make one potted plant. On the last day Kabir sells it for only ₹17. How much is the loss on one (in ₹)?
39. 39.Rohan makes 18 cups of lemonade at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
40. 40.Tara makes 12 painted pebbles at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids