Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 510 · 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 means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
3. 3.It costs ₹29 to make one potted plant. On the last day Joseph sells it for only ₹23. How much is the loss on one (in ₹)?
4. 4.It costs ₹40 to make one handmade card. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
6. 6.True or false: “money spent to get it” is the selling price. (a) True (b) False
7. 7.It costs ₹22 to make one handmade card. On the last day Dev sells it for only ₹15. How much is the loss on one (in ₹)?
8. 8.True or false: “money spent to get it” is the cost price. (a) True (b) False
9. 9.Riya makes 11 painted pebbles at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
10. 10.It costs ₹57 to make one cup of lemonade. On the last day Nisha sells it for only ₹52. How much is the loss on one (in ₹)?
11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
12. 12.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
13. 13.It costs ₹26 to make one cupcake. Diya sells it for ₹39. What is the profit on one (in ₹)?
14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
16. 16.One cup of lemonade costs Kabir ₹28 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
17. 17.One handmade card costs ₹54 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
18. 18.It costs ₹58 to make one paper bookmark. Kavya sells it for ₹61. What is the profit on one (in ₹)?
19. 19.It costs ₹55 to make one cup of lemonade. On the last day Aarav sells it for only ₹48. How much is the loss on one (in ₹)?
20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
23. 23.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
26. 26.One fruit cup costs ₹27 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
27. 27.Aarav makes 11 friendship bands at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
28. 28.Kabir makes 10 handmade cards at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
29. 29.It costs ₹23 to make one fruit cup. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
30. 30.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
31. 31.It costs ₹41 to make one potted plant. On the last day Diya sells it for only ₹38. How much is the loss on one (in ₹)?
32. 32.Arjun makes 7 jute bags at a cost of ₹30 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
33. 33.One paper bookmark costs ₹9 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
34. 34.It costs ₹53 to make one friendship band. Ishaan sells it for ₹65. What is the profit on one (in ₹)?
35. 35.It costs ₹25 to make one clay diya. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
36. 36.It costs ₹32 to make one painted pebble. On the last day Meera sells it for only ₹30. How much is the loss on one (in ₹)?
37. 37.It costs ₹52 to make one clay diya. On the last day Tara sells it for only ₹48. How much is the loss on one (in ₹)?
38. 38.One potted plant costs ₹53 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
39. 39.Diya makes 28 potted plants at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids