Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 315 · 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: “the wholesale price paid” is the selling price. (a) True (b) False
2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
3. 3.One friendship band costs Diya ₹39 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
4. 4.Kavya makes 6 cupcakes at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
5. 5.Farhan makes 11 glasses of chai at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
7. 7.It costs ₹36 to make one friendship band. Joseph sells it for ₹50. What is the profit on one (in ₹)?
8. 8.It costs ₹33 to make one glass of chai. On the last day Diya sells it for only ₹26. How much is the loss on one (in ₹)?
9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
10. 10.True or false: “money got from a sale” is the cost price. (a) False (b) True
11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
14. 14.One jute bag costs ₹55 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
16. 16.True or false: “the price you sell at” is the cost price. (a) True (b) False
17. 17.One handmade card costs Gurpreet ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
19. 19.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
20. 20.Zoya makes 26 fruit cups at a cost of ₹30 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
21. 21.It costs ₹57 to make one potted plant. Ishaan sells it for ₹61. What is the profit on one (in ₹)?
22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
23. 23.One glass of chai costs Arjun ₹34 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
25. 25.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
26. 26.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
27. 27.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
28. 28.It costs ₹40 to make one painted pebble. On the last day Vihaan sells it for only ₹30. How much is the loss on one (in ₹)?
29. 29.It costs ₹32 to make one clay diya. Riya sells it for ₹34. What is the profit on one (in ₹)?
30. 30.Aarav makes 27 glasses of chai at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
32. 32.It costs ₹59 to make one friendship band. On the last day Vihaan sells it for only ₹51. How much is the loss on one (in ₹)?
33. 33.It costs ₹66 to make one cupcake. On the last day Farhan sells it for only ₹59. How much is the loss on one (in ₹)?
34. 34.It costs ₹31 to make one painted pebble. Diya sells it for ₹45. What is the profit on one (in ₹)?
35. 35.One cup of lemonade costs Farhan ₹55 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
36. 36.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
37. 37.It costs ₹14 to make one cup of lemonade. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
38. 38.One jute bag costs Ishaan ₹50 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
39. 39.One painted pebble costs ₹25 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
40. 40.It costs ₹21 to make one bag of popcorn. Ishaan sells it for ₹32. What is the profit on one (in ₹)?

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