Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 348 · 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.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
2. 2.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
4. 4.One painted pebble costs Ishaan ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
5. 5.It costs ₹41 to make one glass of chai. Aarav sells it for ₹42. What is the profit on one (in ₹)?
6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
7. 7.It costs ₹54 to make one potted plant. On the last day Lakshmi sells it for only ₹50. How much is the loss on one (in ₹)?
8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
10. 10.Saanvi makes 27 jute bags at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
11. 11.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
12. 12.One glass of chai costs ₹12 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
13. 13.It costs ₹18 to make one fruit cup. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?
14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
16. 16.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
17. 17.True or false: “money got from a sale” is the cost price. (a) True (b) False
18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
19. 19.It costs ₹13 to make one paper bookmark. On the last day Nisha sells it for only ₹11. How much is the loss on one (in ₹)?
20. 20.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
21. 21.Farhan makes 9 handmade cards at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
22. 22.One handmade card costs Dev ₹59 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.One friendship band costs ₹60 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
24. 24.It costs ₹11 to make one bag of popcorn. Saanvi sells it for ₹30. What is the profit on one (in ₹)?
25. 25.It costs ₹35 to make one cup of lemonade. Diya sells it for ₹50. What is the profit on one (in ₹)?
26. 26.True or false: “cost of making one” is the cost price. (a) False (b) True
27. 27.True or false: “cost of making one” is the selling price. (a) True (b) False
28. 28.It costs ₹52 to make one handmade card. On the last day Meera sells it for only ₹50. How much is the loss on one (in ₹)?
29. 29.True or false: “the price you sell at” is the selling price. (a) True (b) False
30. 30.It costs ₹40 to make one cup of lemonade. Saanvi sells it for ₹49. What is the profit on one (in ₹)?
31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
33. 33.True or false: “money spent to get it” is the selling price. (a) True (b) False
34. 34.It costs ₹35 to make one clay diya. Kabir sells it for ₹48. What is the profit on one (in ₹)?
35. 35.It costs ₹10 to make one jute bag. Zoya sells it for ₹12. What is the profit on one (in ₹)?
36. 36.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
38. 38.It costs ₹12 to make one handmade card. On the last day Kabir sells it for only ₹5. How much is the loss on one (in ₹)?
39. 39.It costs ₹58 to make one bag of popcorn. On the last day Arjun sells it for only ₹51. How much is the loss on one (in ₹)?
40. 40.It costs ₹46 to make one paper bookmark. On the last day Farhan sells it for only ₹36. How much is the loss on one (in ₹)?

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