Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 360 · 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.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
2. 2.It costs ₹15 to make one painted pebble. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
3. 3.Aarav makes 13 glasses of chai at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
4. 4.One paper bookmark costs Saanvi ₹51 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
5. 5.One friendship band costs ₹19 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
7. 7.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
11. 11.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
12. 12.Aarav makes 20 friendship bands at a cost of ₹23 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
13. 13.It costs ₹57 to make one clay diya. Kavya sells it for ₹58. What is the profit on one (in ₹)?
14. 14.Zoya makes 10 cupcakes at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
15. 15.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
17. 17.One friendship band costs ₹29 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
18. 18.One friendship band costs Nisha ₹26 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
19. 19.It costs ₹13 to make one potted plant. Riya sells it for ₹16. What is the profit on one (in ₹)?
20. 20.One handmade card costs Vihaan ₹38 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
21. 21.True or false: “what a customer pays” is the selling price. (a) False (b) True
22. 22.True or false: “the price on your board” is the selling price. (a) False (b) True
23. 23.It costs ₹24 to make one cupcake. Saanvi sells it for ₹36. What is the profit on one (in ₹)?
24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
27. 27.It costs ₹35 to make one painted pebble. Tara sells it for ₹48. What is the profit on one (in ₹)?
28. 28.It costs ₹9 to make one potted plant. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
30. 30.It costs ₹59 to make one fruit cup. On the last day Farhan sells it for only ₹50. How much is the loss on one (in ₹)?
31. 31.It costs ₹45 to make one jute bag. Aarav sells it for ₹63. What is the profit on one (in ₹)?
32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
33. 33.True or false: “money got from a sale” is the selling price. (a) True (b) False
34. 34.One glass of chai costs Aarav ₹29 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
36. 36.It costs ₹67 to make one bag of popcorn. On the last day Saanvi sells it for only ₹60. How much is the loss on one (in ₹)?
37. 37.It costs ₹10 to make one bag of popcorn. Dev sells it for ₹26. What is the profit on one (in ₹)?
38. 38.Tara makes 12 cupcakes at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
39. 39.One potted plant costs Ananya ₹27 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
40. 40.Saanvi makes 10 cups of lemonade at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?

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