Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 858 · 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: “the wholesale price paid” is the selling price. (a) True (b) False
2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
3. 3.It costs ₹8 to make one bag of popcorn. Vihaan sells it for ₹9. What is the profit on one (in ₹)?
4. 4.Aarav makes 6 painted pebbles at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
5. 5.One handmade card costs Farhan ₹21 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
8. 8.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
10. 10.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
11. 11.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
12. 12.True or false: “money got from a sale” is the cost price. (a) False (b) True
13. 13.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
16. 16.It costs ₹27 to make one jute bag. Ananya sells it for ₹28. What is the profit on one (in ₹)?
17. 17.It costs ₹40 to make one paper bookmark. Dev sells it for ₹47. What is the profit on one (in ₹)?
18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
19. 19.Riya makes 27 jute bags at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
20. 20.It costs ₹41 to make one potted plant. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
21. 21.True or false: “what you paid for it” is the cost price. (a) True (b) False
22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
23. 23.It costs ₹17 to make one clay diya. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
24. 24.It costs ₹50 to make one friendship band. Vihaan sells it for ₹56. What is the profit on one (in ₹)?
25. 25.True or false: “the price you sell at” is the cost price. (a) True (b) False
26. 26.It costs ₹56 to make one clay diya. Joseph sells it for ₹65. What is the profit on one (in ₹)?
27. 27.Riya makes 9 paper bookmarks at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
28. 28.True or false: “money got from a sale” is the selling price. (a) False (b) True
29. 29.Aarav makes 9 glasses of chai at a cost of ₹34 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
30. 30.Meera makes 10 paper bookmarks at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
31. 31.One paper bookmark costs Aarav ₹45 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
32. 32.One paper bookmark costs ₹8 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
36. 36.One glass of chai costs Zoya ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
38. 38.It costs ₹28 to make one cup of lemonade. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
39. 39.Zoya makes 11 cupcakes at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
40. 40.Diya makes 13 bags of popcorn at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?

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