Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 843 · 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.True or false: “money got from a sale” is the cost price. (a) False (b) True
2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
4. 4.Farhan makes 20 clay diyas at a cost of ₹38 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
6. 6.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
8. 8.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
9. 9.It costs ₹54 to make one bag of popcorn. On the last day Nisha sells it for only ₹45. How much is the loss on one (in ₹)?
10. 10.It costs ₹44 to make one clay diya. On the last day Aarav sells it for only ₹39. How much is the loss on one (in ₹)?
11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
12. 12.True or false: “the price on your board” is the cost price. (a) False (b) True
13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
14. 14.It costs ₹20 to make one bag of popcorn. Aarav sells it for ₹24. What is the profit on one (in ₹)?
15. 15.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
16. 16.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
17. 17.Ishaan makes 26 fruit cups at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
18. 18.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
19. 19.It costs ₹45 to make one clay diya. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
20. 20.One bag of popcorn costs Ananya ₹58 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
22. 22.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
23. 23.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
25. 25.Joseph makes 29 jute bags at a cost of ₹35 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
26. 26.True or false: “cost of making one” is the cost price. (a) True (b) False
27. 27.One painted pebble costs ₹59 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
28. 28.True or false: “the price you sell at” is the selling price. (a) False (b) True
29. 29.Vihaan makes 18 glasses of chai at a cost of ₹6 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
30. 30.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
32. 32.True or false: “what a customer pays” is the cost price. (a) True (b) False
33. 33.Nisha makes 25 potted plants at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
34. 34.It costs ₹43 to make one potted plant. Saanvi sells it for ₹62. What is the profit on one (in ₹)?
35. 35.Farhan makes 18 paper bookmarks at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
36. 36.One clay diya costs Vihaan ₹23 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
37. 37.One glass of chai costs Vihaan ₹45 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
38. 38.One clay diya costs ₹54 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
39. 39.Nisha makes 23 potted plants at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
40. 40.It costs ₹53 to make one cup of lemonade. Aarav sells it for ₹64. What is the profit on one (in ₹)?

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