Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 237 · 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: “what a customer pays” is the cost price. (a) True (b) False
2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
3. 3.It costs ₹30 to make one jute bag. On the last day Saanvi sells it for only ₹27. How much is the loss on one (in ₹)?
4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
5. 5.True or false: “cost of making one” is the cost price. (a) False (b) True
6. 6.True or false: “money got from a sale” is the cost price. (a) False (b) True
7. 7.True or false: “money spent to get it” is the cost price. (a) False (b) True
8. 8.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
10. 10.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
11. 11.One handmade card costs Tara ₹29 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
12. 12.One handmade card costs Lakshmi ₹46 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
13. 13.One fruit cup costs Saanvi ₹30 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
15. 15.True or false: “what a customer pays” is the selling price. (a) False (b) True
16. 16.True or false: “cost of making one” is the selling price. (a) True (b) False
17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
18. 18.It costs ₹33 to make one paper bookmark. On the last day Tara sells it for only ₹28. How much is the loss on one (in ₹)?
19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
20. 20.One cup of lemonade costs Kabir ₹36 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
21. 21.It costs ₹22 to make one clay diya. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
22. 22.It costs ₹20 to make one cup of lemonade. Vihaan sells it for ₹23. What is the profit on one (in ₹)?
23. 23.It costs ₹36 to make one bag of popcorn. On the last day Ishaan sells it for only ₹33. How much is the loss on one (in ₹)?
24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
26. 26.Nisha makes 24 cupcakes at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
27. 27.It costs ₹56 to make one paper bookmark. On the last day Vihaan sells it for only ₹53. How much is the loss on one (in ₹)?
28. 28.True or false: “what you paid for it” is the selling price. (a) True (b) False
29. 29.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
30. 30.It costs ₹45 to make one jute bag. Nisha sells it for ₹62. What is the profit on one (in ₹)?
31. 31.Arjun makes 27 paper bookmarks at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
32. 32.One potted plant costs ₹14 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
33. 33.One fruit cup costs ₹12 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
34. 34.Gurpreet makes 24 fruit cups at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
35. 35.It costs ₹28 to make one cupcake. On the last day Aarav sells it for only ₹25. How much is the loss on one (in ₹)?
36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
38. 38.It costs ₹58 to make one painted pebble. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
39. 39.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
40. 40.It costs ₹31 to make one handmade card. On the last day Kabir sells it for only ₹24. How much is the loss on one (in ₹)?

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