Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 188 · 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 ₹38 to make one potted plant. Farhan sells it for ₹54. What is the profit on one (in ₹)?
2. 2.True or false: “the price on your board” is the selling price. (a) True (b) False
3. 3.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
7. 7.True or false: “the price on your board” is the cost price. (a) False (b) True
8. 8.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
9. 9.It costs ₹45 to make one clay diya. Kabir sells it for ₹56. What is the profit on one (in ₹)?
10. 10.True or false: “what a customer pays” is the cost price. (a) True (b) False
11. 11.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
12. 12.Rohan makes 30 handmade cards at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
13. 13.It costs ₹6 to make one glass of chai. Zoya sells it for ₹7. What is the profit on one (in ₹)?
14. 14.It costs ₹43 to make one paper bookmark. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
15. 15.It costs ₹30 to make one cup of lemonade. On the last day Vihaan sells it for only ₹29. How much is the loss on one (in ₹)?
16. 16.True or false: “cost of making one” is the selling price. (a) False (b) True
17. 17.It costs ₹42 to make one handmade card. Tara sells it for ₹51. What is the profit on one (in ₹)?
18. 18.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
19. 19.It costs ₹20 to make one cup of lemonade. Rohan sells it for ₹35. What is the profit on one (in ₹)?
20. 20.It costs ₹44 to make one cup of lemonade. On the last day Ananya sells it for only ₹42. How much is the loss on one (in ₹)?
21. 21.One cupcake costs Kabir ₹37 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
22. 22.One paper bookmark costs Riya ₹41 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
23. 23.One cupcake costs ₹46 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
24. 24.It costs ₹64 to make one potted plant. On the last day Kavya sells it for only ₹60. How much is the loss on one (in ₹)?
25. 25.It costs ₹14 to make one potted plant. Zoya sells it for ₹23. What is the profit on one (in ₹)?
26. 26.It costs ₹44 to make one cup of lemonade. On the last day Vihaan sells it for only ₹39. How much is the loss on one (in ₹)?
27. 27.It costs ₹49 to make one clay diya. On the last day Riya sells it for only ₹39. How much is the loss on one (in ₹)?
28. 28.Nisha makes 22 painted pebbles at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
29. 29.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
30. 30.One clay diya costs Gurpreet ₹28 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
31. 31.It costs ₹19 to make one handmade card. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?
32. 32.One bag of popcorn costs ₹12 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
33. 33.It costs ₹37 to make one bag of popcorn. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
34. 34.Joseph makes 30 fruit cups at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
35. 35.Vihaan makes 26 painted pebbles at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
36. 36.One fruit cup costs Rohan ₹41 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
38. 38.One potted plant costs ₹9 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
39. 39.It costs ₹53 to make one glass of chai. On the last day Rohan sells it for only ₹52. How much is the loss on one (in ₹)?
40. 40.It costs ₹48 to make one glass of chai. Ananya sells it for ₹53. What is the profit on one (in ₹)?

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