Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 666 · 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.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
3. 3.It costs ₹33 to make one fruit cup. Vihaan sells it for ₹36. What is the profit on one (in ₹)?
4. 4.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
5. 5.It costs ₹35 to make one handmade card. Ananya sells it for ₹37. What is the profit on one (in ₹)?
6. 6.It costs ₹52 to make one paper bookmark. Vihaan sells it for ₹65. What is the profit on one (in ₹)?
7. 7.It costs ₹56 to make one fruit cup. Vihaan sells it for ₹65. What is the profit on one (in ₹)?
8. 8.True or false: “the price you sell at” is the cost price. (a) False (b) True
9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
10. 10.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
12. 12.One clay diya costs Diya ₹24 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
15. 15.It costs ₹12 to make one cup of lemonade. On the last day Dev sells it for only ₹9. How much is the loss on one (in ₹)?
16. 16.Tara makes 18 paper bookmarks at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
18. 18.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
19. 19.It costs ₹14 to make one bag of popcorn. Diya sells it for ₹21. What is the profit on one (in ₹)?
20. 20.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
21. 21.It costs ₹55 to make one cupcake. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
22. 22.One fruit cup costs Diya ₹20 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.Aarav makes 12 cupcakes at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
24. 24.One paper bookmark costs ₹10 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
25. 25.It costs ₹20 to make one glass of chai. On the last day Farhan sells it for only ₹19. How much is the loss on one (in ₹)?
26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
27. 27.It costs ₹43 to make one glass of chai. On the last day Zoya sells it for only ₹42. How much is the loss on one (in ₹)?
28. 28.True or false: “the price on your board” is the selling price. (a) True (b) False
29. 29.Gurpreet makes 21 friendship bands at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
30. 30.It costs ₹24 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
31. 31.One potted plant costs ₹51 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
33. 33.It costs ₹48 to make one friendship band. Nisha sells it for ₹49. What is the profit on one (in ₹)?
34. 34.Vihaan makes 13 clay diyas at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
35. 35.Lakshmi makes 8 potted plants at a cost of ₹40 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
36. 36.It costs ₹19 to make one potted plant. On the last day Gurpreet sells it for only ₹10. How much is the loss on one (in ₹)?
37. 37.It costs ₹17 to make one jute bag. On the last day Diya sells it for only ₹11. How much is the loss on one (in ₹)?
38. 38.One jute bag costs Ishaan ₹21 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
39. 39.Joseph makes 22 clay diyas at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
40. 40.Diya makes 26 potted plants at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?

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