Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 468 · 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 cupcake costs Kabir ₹60 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
2. 2.Vihaan makes 6 cupcakes at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
3. 3.One jute bag costs ₹55 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
5. 5.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
6. 6.Zoya makes 10 bags of popcorn at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
9. 9.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
10. 10.One cup of lemonade costs Diya ₹47 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
11. 11.True or false: “the price you sell at” is the selling price. (a) True (b) False
12. 12.One paper bookmark costs Kabir ₹18 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
16. 16.It costs ₹17 to make one cup of lemonade. Meera sells it for ₹22. What is the profit on one (in ₹)?
17. 17.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
18. 18.True or false: “money got from a sale” is the selling price. (a) False (b) True
19. 19.One paper bookmark costs ₹33 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
20. 20.One jute bag costs Saanvi ₹56 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
22. 22.One paper bookmark costs Gurpreet ₹35 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.One friendship band costs ₹26 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
24. 24.Vihaan makes 26 cupcakes at a cost of ₹33 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
25. 25.True or false: “what a customer pays” is the selling price. (a) True (b) False
26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
27. 27.One paper bookmark costs Aarav ₹51 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
28. 28.It costs ₹24 to make one paper bookmark. Farhan sells it for ₹33. What is the profit on one (in ₹)?
29. 29.One cup of lemonade costs ₹28 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
30. 30.Riya makes 24 potted plants at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
31. 31.It costs ₹53 to make one glass of chai. Gurpreet sells it for ₹69. What is the profit on one (in ₹)?
32. 32.It costs ₹63 to make one fruit cup. On the last day Vihaan sells it for only ₹60. How much is the loss on one (in ₹)?
33. 33.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
34. 34.It costs ₹54 to make one handmade card. On the last day Rohan sells it for only ₹47. How much is the loss on one (in ₹)?
35. 35.Dev makes 25 handmade cards at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
36. 36.One painted pebble costs ₹21 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
37. 37.True or false: “money spent to get it” is the selling price. (a) True (b) False
38. 38.It costs ₹55 to make one cup of lemonade. Meera sells it for ₹67. What is the profit on one (in ₹)?
39. 39.It costs ₹11 to make one handmade card. Riya sells it for ₹13. What is the profit on one (in ₹)?
40. 40.It costs ₹31 to make one handmade card. Nisha sells it for ₹43. What is the profit on one (in ₹)?

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