Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 832 · 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 ₹53 to make one friendship band. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
2. 2.It costs ₹22 to make one fruit cup. Meera sells it for ₹31. What is the profit on one (in ₹)?
3. 3.It costs ₹37 to make one painted pebble. On the last day Arjun sells it for only ₹33. How much is the loss on one (in ₹)?
4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
6. 6.One friendship band costs ₹25 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
8. 8.Gurpreet makes 10 potted plants at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
9. 9.True or false: “what a customer pays” is the cost price. (a) True (b) False
10. 10.True or false: “what you paid for it” is the cost price. (a) False (b) True
11. 11.One jute bag costs Farhan ₹60 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
13. 13.One handmade card costs Kabir ₹26 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
15. 15.It costs ₹9 to make one glass of chai. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
16. 16.One cup of lemonade costs Ananya ₹53 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
19. 19.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
20. 20.It costs ₹57 to make one painted pebble. Kavya sells it for ₹74. What is the profit on one (in ₹)?
21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
22. 22.Kavya makes 7 cups of lemonade at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
23. 23.It costs ₹34 to make one clay diya. On the last day Vihaan sells it for only ₹29. How much is the loss on one (in ₹)?
24. 24.Diya makes 30 bags of popcorn at a cost of ₹34 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
26. 26.It costs ₹45 to make one handmade card. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
27. 27.Meera makes 23 glasses of chai at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
28. 28.It costs ₹40 to make one cupcake. On the last day Saanvi sells it for only ₹35. How much is the loss on one (in ₹)?
29. 29.Gurpreet makes 24 fruit cups at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
31. 31.It costs ₹54 to make one cupcake. On the last day Kavya sells it for only ₹53. How much is the loss on one (in ₹)?
32. 32.It costs ₹57 to make one fruit cup. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
33. 33.Lakshmi makes 17 cupcakes at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
34. 34.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
36. 36.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
37. 37.Ishaan makes 6 bags of popcorn at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
38. 38.It costs ₹28 to make one cup of lemonade. On the last day Aarav sells it for only ₹23. How much is the loss on one (in ₹)?
39. 39.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
40. 40.One painted pebble costs ₹15 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?

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