Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 642 · 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.It costs ₹66 to make one bag of popcorn. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?
2. 2.Tara makes 21 cupcakes at a cost of ₹7 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
3. 3.It costs ₹18 to make one clay diya. Ananya sells it for ₹38. What is the profit on one (in ₹)?
4. 4.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
5. 5.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
6. 6.It costs ₹26 to make one cup of lemonade. On the last day Ishaan sells it for only ₹23. How much is the loss on one (in ₹)?
7. 7.Ishaan makes 10 clay diyas at a cost of ₹7 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
8. 8.True or false: “money spent to get it” is the cost price. (a) False (b) True
9. 9.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
10. 10.True or false: “what a customer pays” is the selling price. (a) True (b) False
11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
12. 12.It costs ₹70 to make one bag of popcorn. On the last day Tara sells it for only ₹60. How much is the loss on one (in ₹)?
13. 13.It costs ₹34 to make one glass of chai. Diya sells it for ₹45. What is the profit on one (in ₹)?
14. 14.It costs ₹10 to make one painted pebble. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
15. 15.It costs ₹57 to make one cupcake. Vihaan sells it for ₹61. What is the profit on one (in ₹)?
16. 16.Joseph makes 20 jute bags at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
20. 20.It costs ₹51 to make one jute bag. On the last day Vihaan sells it for only ₹49. How much is the loss on one (in ₹)?
21. 21.One clay diya costs Saanvi ₹22 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
23. 23.It costs ₹10 to make one handmade card. Rohan sells it for ₹20. What is the profit on one (in ₹)?
24. 24.Kabir makes 6 cupcakes at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
25. 25.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
29. 29.One painted pebble costs Riya ₹16 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
30. 30.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
31. 31.One bag of popcorn costs Kabir ₹48 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
32. 32.It costs ₹18 to make one handmade card. On the last day Joseph sells it for only ₹14. How much is the loss on one (in ₹)?
33. 33.It costs ₹26 to make one glass of chai. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
34. 34.It costs ₹53 to make one painted pebble. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
35. 35.True or false: “money spent to get it” is the selling price. (a) False (b) True
36. 36.It costs ₹48 to make one cupcake. Meera sells it for ₹54. What is the profit on one (in ₹)?
37. 37.It costs ₹49 to make one cupcake. Joseph sells it for ₹58. What is the profit on one (in ₹)?
38. 38.It costs ₹52 to make one painted pebble. On the last day Diya sells it for only ₹49. How much is the loss on one (in ₹)?
39. 39.One paper bookmark costs Vihaan ₹25 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
40. 40.One bag of popcorn costs ₹58 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?

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