Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 321 · 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.One handmade card costs ₹44 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
2. 2.True or false: “money got from a sale” is the selling price. (a) False (b) True
3. 3.Aarav makes 6 potted plants at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
5. 5.It costs ₹19 to make one glass of chai. On the last day Arjun sells it for only ₹18. How much is the loss on one (in ₹)?
6. 6.Aarav makes 11 cupcakes at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
7. 7.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
8. 8.One cup of lemonade costs ₹37 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
9. 9.Meera makes 18 fruit cups at a cost of ₹38 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
12. 12.True or false: “the price on your board” is the selling price. (a) False (b) True
13. 13.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
14. 14.It costs ₹31 to make one paper bookmark. Farhan sells it for ₹43. What is the profit on one (in ₹)?
15. 15.It costs ₹61 to make one glass of chai. On the last day Diya sells it for only ₹60. How much is the loss on one (in ₹)?
16. 16.True or false: “what you paid for it” is the selling price. (a) False (b) True
17. 17.True or false: “money spent to get it” is the cost price. (a) False (b) True
18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
19. 19.Arjun makes 18 paper bookmarks at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
20. 20.One cupcake costs ₹36 to make. Nisha wants a profit of ₹17 on each. What should the selling price be (in ₹)?
21. 21.Kavya makes 24 bags of popcorn at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
22. 22.It costs ₹47 to make one painted pebble. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
26. 26.It costs ₹7 to make one handmade card. Farhan sells it for ₹10. What is the profit on one (in ₹)?
27. 27.It costs ₹17 to make one potted plant. Aarav sells it for ₹28. What is the profit on one (in ₹)?
28. 28.Tara makes 18 paper bookmarks at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
29. 29.Rohan makes 23 fruit cups at a cost of ₹29 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
30. 30.It costs ₹26 to make one potted plant. On the last day Aarav sells it for only ₹22. How much is the loss on one (in ₹)?
31. 31.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
32. 32.It costs ₹12 to make one cupcake. Tara sells it for ₹27. What is the profit on one (in ₹)?
33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
34. 34.It costs ₹56 to make one jute bag. Zoya sells it for ₹72. What is the profit on one (in ₹)?
35. 35.It costs ₹48 to make one handmade card. Farhan sells it for ₹49. What is the profit on one (in ₹)?
36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
37. 37.Joseph makes 16 fruit cups at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
38. 38.It costs ₹22 to make one cup of lemonade. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?
39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
40. 40.It costs ₹21 to make one jute bag. Riya sells it for ₹29. What is the profit on one (in ₹)?

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