Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 822 · 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.One fruit cup costs Farhan ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
2. 2.It costs ₹36 to make one jute bag. Dev sells it for ₹54. What is the profit on one (in ₹)?
3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
4. 4.It costs ₹51 to make one glass of chai. Zoya sells it for ₹60. What is the profit on one (in ₹)?
5. 5.Tara makes 9 bags of popcorn at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
8. 8.It costs ₹51 to make one potted plant. On the last day Diya sells it for only ₹50. How much is the loss on one (in ₹)?
9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
11. 11.It costs ₹18 to make one glass of chai. Kavya sells it for ₹34. What is the profit on one (in ₹)?
12. 12.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
15. 15.It costs ₹18 to make one glass of chai. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
16. 16.One glass of chai costs Rohan ₹32 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
17. 17.It costs ₹44 to make one glass of chai. Rohan sells it for ₹50. What is the profit on one (in ₹)?
18. 18.It costs ₹61 to make one fruit cup. On the last day Gurpreet sells it for only ₹58. How much is the loss on one (in ₹)?
19. 19.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
20. 20.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
22. 22.It costs ₹30 to make one glass of chai. Ishaan sells it for ₹45. What is the profit on one (in ₹)?
23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
25. 25.Arjun makes 29 cups of lemonade at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
26. 26.One fruit cup costs ₹18 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
27. 27.Vihaan makes 24 handmade cards at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
28. 28.It costs ₹13 to make one clay diya. Lakshmi sells it for ₹25. What is the profit on one (in ₹)?
29. 29.One friendship band costs ₹34 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
30. 30.One cup of lemonade costs Riya ₹53 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
31. 31.One jute bag costs Lakshmi ₹21 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
32. 32.It costs ₹36 to make one bag of popcorn. Farhan sells it for ₹54. What is the profit on one (in ₹)?
33. 33.It costs ₹33 to make one glass of chai. Rohan sells it for ₹37. What is the profit on one (in ₹)?
34. 34.One clay diya costs Ananya ₹48 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
35. 35.It costs ₹48 to make one clay diya. Saanvi sells it for ₹54. What is the profit on one (in ₹)?
36. 36.True or false: “what a customer pays” is the cost price. (a) True (b) False
37. 37.Kabir makes 20 clay diyas at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
38. 38.Vihaan makes 10 clay diyas at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
39. 39.It costs ₹23 to make one glass of chai. Riya sells it for ₹29. What is the profit on one (in ₹)?
40. 40.It costs ₹64 to make one fruit cup. On the last day Farhan sells it for only ₹56. How much is the loss on one (in ₹)?

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