Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 32 · 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 price you sell at” is the cost price. (a) False (b) True
2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
3. 3.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
4. 4.It costs ₹27 to make one bag of popcorn. Meera sells it for ₹31. What is the profit on one (in ₹)?
5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
6. 6.True or false: “money spent to get it” is the cost price. (a) False (b) True
7. 7.Ananya makes 16 paper bookmarks at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
9. 9.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
10. 10.True or false: “cost of making one” is the cost price. (a) True (b) False
11. 11.It costs ₹28 to make one jute bag. Farhan sells it for ₹32. What is the profit on one (in ₹)?
12. 12.True or false: “the price on your board” is the selling price. (a) False (b) True
13. 13.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
14. 14.One potted plant costs Kabir ₹37 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
15. 15.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
16. 16.One glass of chai costs Dev ₹30 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
17. 17.It costs ₹28 to make one jute bag. On the last day Kavya sells it for only ₹26. How much is the loss on one (in ₹)?
18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
19. 19.One handmade card costs ₹54 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
20. 20.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
21. 21.It costs ₹55 to make one glass of chai. On the last day Farhan sells it for only ₹50. How much is the loss on one (in ₹)?
22. 22.One cup of lemonade costs Lakshmi ₹32 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.It costs ₹47 to make one cup of lemonade. Kabir sells it for ₹61. What is the profit on one (in ₹)?
24. 24.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
26. 26.It costs ₹11 to make one painted pebble. Kavya sells it for ₹29. What is the profit on one (in ₹)?
27. 27.One clay diya costs Dev ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
28. 28.Rohan makes 18 fruit cups at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
29. 29.It costs ₹29 to make one potted plant. Dev sells it for ₹39. What is the profit on one (in ₹)?
30. 30.Ananya makes 10 jute bags at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
31. 31.It costs ₹53 to make one jute bag. Lakshmi sells it for ₹71. What is the profit on one (in ₹)?
32. 32.It costs ₹41 to make one jute bag. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?
33. 33.It costs ₹54 to make one glass of chai. On the last day Ishaan sells it for only ₹46. How much is the loss on one (in ₹)?
34. 34.It costs ₹62 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹56. How much is the loss on one (in ₹)?
35. 35.It costs ₹28 to make one painted pebble. Joseph sells it for ₹45. What is the profit on one (in ₹)?
36. 36.True or false: “what you paid for it” is the cost price. (a) True (b) False
37. 37.True or false: “the price on your board” is the cost price. (a) False (b) True
38. 38.It costs ₹35 to make one jute bag. On the last day Lakshmi sells it for only ₹27. How much is the loss on one (in ₹)?
39. 39.It costs ₹38 to make one cup of lemonade. Meera sells it for ₹47. What is the profit on one (in ₹)?
40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

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