Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 126 · 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.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
3. 3.One friendship band costs ₹6 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
6. 6.It costs ₹10 to make one painted pebble. Aarav sells it for ₹13. What is the profit on one (in ₹)?
7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
8. 8.It costs ₹50 to make one handmade card. Tara sells it for ₹64. What is the profit on one (in ₹)?
9. 9.One potted plant costs ₹54 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
12. 12.Ananya makes 23 fruit cups at a cost of ₹26 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
13. 13.It costs ₹25 to make one cupcake. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?
14. 14.It costs ₹65 to make one friendship band. On the last day Farhan sells it for only ₹60. How much is the loss on one (in ₹)?
15. 15.One potted plant costs ₹46 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
16. 16.One paper bookmark costs Aarav ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
17. 17.Kabir makes 16 painted pebbles at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
18. 18.Vihaan makes 11 friendship bands at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
19. 19.It costs ₹22 to make one friendship band. Rohan sells it for ₹23. What is the profit on one (in ₹)?
20. 20.It costs ₹39 to make one cupcake. On the last day Saanvi sells it for only ₹38. How much is the loss on one (in ₹)?
21. 21.It costs ₹45 to make one potted plant. Ishaan sells it for ₹50. What is the profit on one (in ₹)?
22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
23. 23.One paper bookmark costs Lakshmi ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
24. 24.It costs ₹53 to make one handmade card. Dev sells it for ₹57. What is the profit on one (in ₹)?
25. 25.One jute bag costs Meera ₹32 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
26. 26.One glass of chai costs ₹58 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
27. 27.It costs ₹56 to make one cup of lemonade. Kavya sells it for ₹62. What is the profit on one (in ₹)?
28. 28.One cupcake costs Vihaan ₹51 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
29. 29.Riya makes 12 handmade cards at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
30. 30.It costs ₹52 to make one painted pebble. On the last day Riya sells it for only ₹49. How much is the loss on one (in ₹)?
31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
32. 32.It costs ₹24 to make one glass of chai. On the last day Saanvi sells it for only ₹20. How much is the loss on one (in ₹)?
33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
34. 34.It costs ₹52 to make one clay diya. On the last day Dev sells it for only ₹43. How much is the loss on one (in ₹)?
35. 35.Ananya makes 13 bags of popcorn at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
36. 36.Kabir makes 22 painted pebbles at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
37. 37.One friendship band costs ₹25 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
38. 38.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
39. 39.One friendship band costs Kabir ₹45 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
40. 40.It costs ₹65 to make one paper bookmark. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?

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