Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 435 · 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.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
3. 3.It costs ₹47 to make one handmade card. On the last day Farhan sells it for only ₹39. How much is the loss on one (in ₹)?
4. 4.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
5. 5.One handmade card costs Vihaan ₹53 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
6. 6.Kavya makes 12 handmade cards at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
11. 11.It costs ₹42 to make one paper bookmark. Rohan sells it for ₹61. What is the profit on one (in ₹)?
12. 12.It costs ₹23 to make one jute bag. Diya sells it for ₹32. What is the profit on one (in ₹)?
13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
14. 14.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
16. 16.It costs ₹55 to make one glass of chai. On the last day Farhan sells it for only ₹52. How much is the loss on one (in ₹)?
17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
18. 18.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
20. 20.One friendship band costs Kavya ₹23 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
21. 21.It costs ₹39 to make one fruit cup. On the last day Dev sells it for only ₹35. How much is the loss on one (in ₹)?
22. 22.One handmade card costs Kavya ₹24 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.Aarav makes 17 handmade cards at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
24. 24.Meera makes 13 clay diyas at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
25. 25.It costs ₹32 to make one glass of chai. Ananya sells it for ₹42. What is the profit on one (in ₹)?
26. 26.It costs ₹58 to make one fruit cup. Riya sells it for ₹60. What is the profit on one (in ₹)?
27. 27.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
28. 28.Saanvi makes 29 handmade cards at a cost of ₹22 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
29. 29.One fruit cup costs Ananya ₹43 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
30. 30.Nisha makes 15 jute bags at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
31. 31.True or false: “what you paid for it” is the selling price. (a) False (b) True
32. 32.One friendship band costs Meera ₹36 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
33. 33.One potted plant costs ₹40 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
34. 34.Farhan makes 27 glasses of chai at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
35. 35.One paper bookmark costs Kavya ₹46 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
36. 36.It costs ₹20 to make one potted plant. On the last day Joseph sells it for only ₹19. How much is the loss on one (in ₹)?
37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
38. 38.It costs ₹50 to make one painted pebble. Joseph sells it for ₹65. What is the profit on one (in ₹)?
39. 39.One bag of popcorn costs Ananya ₹20 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
40. 40.It costs ₹56 to make one fruit cup. On the last day Tara sells it for only ₹50. How much is the loss on one (in ₹)?

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