Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 596 · 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: the price you sell at? (a) selling price (b) cost price
2. 2.True or false: “cost of making one” is the cost price. (a) False (b) True
3. 3.It costs ₹50 to make one painted pebble. Zoya sells it for ₹70. What is the profit on one (in ₹)?
4. 4.One jute bag costs ₹8 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
5. 5.It costs ₹56 to make one cup of lemonade. Diya sells it for ₹59. What is the profit on one (in ₹)?
6. 6.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
7. 7.It costs ₹57 to make one fruit cup. Lakshmi sells it for ₹60. What is the profit on one (in ₹)?
8. 8.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
9. 9.One potted plant costs Gurpreet ₹40 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
11. 11.True or false: “money spent to get it” is the cost price. (a) False (b) True
12. 12.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
13. 13.Meera makes 5 clay diyas at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
14. 14.One fruit cup costs Diya ₹35 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
15. 15.It costs ₹7 to make one bag of popcorn. Joseph sells it for ₹11. What is the profit on one (in ₹)?
16. 16.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
17. 17.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
18. 18.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
19. 19.Riya makes 7 bags of popcorn at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
20. 20.It costs ₹41 to make one friendship band. On the last day Kabir sells it for only ₹33. How much is the loss on one (in ₹)?
21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
22. 22.Saanvi makes 15 paper bookmarks at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
23. 23.Arjun makes 12 paper bookmarks at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
24. 24.One painted pebble costs Arjun ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
26. 26.It costs ₹35 to make one potted plant. Ananya sells it for ₹49. What is the profit on one (in ₹)?
27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
28. 28.One cupcake costs Riya ₹25 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
29. 29.It costs ₹7 to make one glass of chai. Lakshmi sells it for ₹8. What is the profit on one (in ₹)?
30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
31. 31.Nisha makes 10 fruit cups at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
32. 32.Aarav makes 16 painted pebbles at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
33. 33.It costs ₹28 to make one friendship band. Nisha sells it for ₹46. What is the profit on one (in ₹)?
34. 34.It costs ₹26 to make one cupcake. Meera sells it for ₹42. What is the profit on one (in ₹)?
35. 35.It costs ₹17 to make one cup of lemonade. Ishaan sells it for ₹27. What is the profit on one (in ₹)?
36. 36.It costs ₹37 to make one cup of lemonade. Ananya sells it for ₹53. What is the profit on one (in ₹)?
37. 37.One fruit cup costs ₹17 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
38. 38.One fruit cup costs Meera ₹51 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
40. 40.It costs ₹55 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹48. How much is the loss on one (in ₹)?

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