Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 801 · 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 ₹38 to make one painted pebble. Zoya sells it for ₹51. What is the profit on one (in ₹)?
2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
3. 3.It costs ₹33 to make one handmade card. On the last day Rohan sells it for only ₹24. How much is the loss on one (in ₹)?
4. 4.It costs ₹37 to make one cupcake. On the last day Kavya sells it for only ₹35. How much is the loss on one (in ₹)?
5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
8. 8.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
9. 9.One clay diya costs Farhan ₹47 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
10. 10.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
12. 12.It costs ₹48 to make one clay diya. On the last day Tara sells it for only ₹45. How much is the loss on one (in ₹)?
13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
14. 14.One cupcake costs Diya ₹36 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
16. 16.Rohan makes 6 cupcakes at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
17. 17.It costs ₹13 to make one cupcake. Ishaan sells it for ₹21. What is the profit on one (in ₹)?
18. 18.Meera makes 23 handmade cards at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
20. 20.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
21. 21.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
22. 22.It costs ₹9 to make one glass of chai. Tara sells it for ₹20. What is the profit on one (in ₹)?
23. 23.It costs ₹64 to make one glass of chai. On the last day Riya sells it for only ₹60. How much is the loss on one (in ₹)?
24. 24.Kabir makes 5 potted plants at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
26. 26.One fruit cup costs Aarav ₹46 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
28. 28.It costs ₹32 to make one paper bookmark. Kavya sells it for ₹50. What is the profit on one (in ₹)?
29. 29.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
30. 30.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
31. 31.It costs ₹40 to make one handmade card. Ishaan sells it for ₹56. What is the profit on one (in ₹)?
32. 32.Dev makes 23 handmade cards at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
34. 34.One cupcake costs Zoya ₹19 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
35. 35.True or false: “what a customer pays” is the selling price. (a) True (b) False
36. 36.Joseph makes 21 cupcakes at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
37. 37.It costs ₹20 to make one paper bookmark. Saanvi sells it for ₹24. What is the profit on one (in ₹)?
38. 38.True or false: “the price you sell at” is the selling price. (a) False (b) True
39. 39.Zoya makes 26 paper bookmarks at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
40. 40.It costs ₹38 to make one friendship band. On the last day Diya sells it for only ₹37. How much is the loss on one (in ₹)?

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