Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 134 · 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) the discount (b) the profit (c) what it cost you (d) what the buyer pays
2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
3. 3.True or false: “what a customer pays” is the cost price. (a) False (b) True
4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
5. 5.It costs ₹13 to make one fruit cup. Zoya sells it for ₹29. What is the profit on one (in ₹)?
6. 6.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
7. 7.True or false: “the price on your board” is the selling price. (a) True (b) False
8. 8.One cup of lemonade costs ₹46 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
9. 9.Rohan makes 20 friendship bands at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
10. 10.It costs ₹53 to make one friendship band. Ananya sells it for ₹55. What is the profit on one (in ₹)?
11. 11.It costs ₹11 to make one jute bag. Meera sells it for ₹17. What is the profit on one (in ₹)?
12. 12.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
13. 13.Farhan makes 12 jute bags at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
16. 16.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
17. 17.True or false: “the price you sell at” is the selling price. (a) True (b) False
18. 18.Lakshmi makes 20 cupcakes at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
21. 21.It costs ₹41 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹34. How much is the loss on one (in ₹)?
22. 22.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
23. 23.It costs ₹50 to make one glass of chai. On the last day Joseph sells it for only ₹46. How much is the loss on one (in ₹)?
24. 24.One cupcake costs ₹34 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
25. 25.True or false: “cost of making one” is the cost price. (a) False (b) True
26. 26.One glass of chai costs Tara ₹48 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
27. 27.Arjun makes 7 bags of popcorn at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
29. 29.It costs ₹35 to make one painted pebble. Gurpreet sells it for ₹38. What is the profit on one (in ₹)?
30. 30.It costs ₹41 to make one clay diya. On the last day Kavya sells it for only ₹39. How much is the loss on one (in ₹)?
31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
32. 32.True or false: “what you paid for it” is the selling 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 ₹9 to make one cupcake. Dev sells it for ₹13. What is the profit on one (in ₹)?
35. 35.It costs ₹24 to make one jute bag. On the last day Rohan sells it for only ₹19. How much is the loss on one (in ₹)?
36. 36.One glass of chai costs Ananya ₹43 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
38. 38.It costs ₹43 to make one fruit cup. Joseph sells it for ₹45. What is the profit on one (in ₹)?
39. 39.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
40. 40.It costs ₹32 to make one cupcake. On the last day Arjun sells it for only ₹30. How much is the loss on one (in ₹)?

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