Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 168 · 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.It costs ₹61 to make one handmade card. On the last day Vihaan sells it for only ₹56. How much is the loss on one (in ₹)?
2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
3. 3.One friendship band costs Aarav ₹27 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
4. 4.One jute bag costs Saanvi ₹27 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
5. 5.One potted plant costs Kabir ₹22 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
7. 7.True or false: “what you paid for it” is the cost price. (a) True (b) False
8. 8.It costs ₹15 to make one cup of lemonade. Diya sells it for ₹16. What is the profit on one (in ₹)?
9. 9.It costs ₹51 to make one fruit cup. On the last day Ishaan sells it for only ₹50. How much is the loss on one (in ₹)?
10. 10.It costs ₹61 to make one handmade card. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
11. 11.True or false: “what a customer pays” is the cost price. (a) False (b) True
12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
13. 13.Farhan makes 8 potted plants at a cost of ₹23 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
14. 14.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
17. 17.Vihaan makes 5 handmade cards at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
18. 18.It costs ₹59 to make one clay diya. On the last day Joseph sells it for only ₹58. How much is the loss on one (in ₹)?
19. 19.One cupcake costs Lakshmi ₹47 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
20. 20.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
22. 22.True or false: “the price you sell at” is the selling price. (a) False (b) True
23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
24. 24.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
25. 25.It costs ₹17 to make one cupcake. On the last day Dev sells it for only ₹14. How much is the loss on one (in ₹)?
26. 26.One fruit cup costs ₹28 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
28. 28.It costs ₹34 to make one friendship band. Lakshmi sells it for ₹47. What is the profit on one (in ₹)?
29. 29.Tara makes 6 jute bags at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
30. 30.Rohan makes 23 bags of popcorn at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
31. 31.One friendship band costs ₹5 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
32. 32.Saanvi makes 11 bags of popcorn at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
34. 34.Arjun makes 21 fruit cups at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
35. 35.One friendship band costs Arjun ₹40 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
36. 36.It costs ₹61 to make one handmade card. On the last day Meera sells it for only ₹53. How much is the loss on one (in ₹)?
37. 37.It costs ₹27 to make one glass of chai. Saanvi sells it for ₹30. What is the profit on one (in ₹)?
38. 38.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
39. 39.It costs ₹28 to make one bag of popcorn. Meera sells it for ₹47. What is the profit on one (in ₹)?
40. 40.It costs ₹51 to make one paper bookmark. Saanvi sells it for ₹56. What is the profit on one (in ₹)?

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