Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 867 · 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 selling price. (a) False (b) True
2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
3. 3.Meera makes 21 bags of popcorn at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
4. 4.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
5. 5.Dev makes 12 cups of lemonade at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
6. 6.It costs ₹14 to make one friendship band. On the last day Lakshmi sells it for only ₹11. How much is the loss on one (in ₹)?
7. 7.Rohan makes 26 paper bookmarks at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
8. 8.Joseph makes 29 cups of lemonade at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
9. 9.It costs ₹16 to make one fruit cup. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?
10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
11. 11.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
12. 12.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
13. 13.True or false: “money got from a sale” is the cost price. (a) True (b) False
14. 14.One friendship band costs ₹42 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
17. 17.Joseph makes 25 bags of popcorn at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
18. 18.Nisha makes 13 clay diyas at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
19. 19.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
22. 22.One fruit cup costs Joseph ₹59 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.It costs ₹23 to make one paper bookmark. Saanvi sells it for ₹24. What is the profit on one (in ₹)?
24. 24.Meera makes 19 fruit cups at a cost of ₹40 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
26. 26.One glass of chai costs Vihaan ₹46 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
29. 29.One jute bag costs Nisha ₹31 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
30. 30.One fruit cup costs Rohan ₹41 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
31. 31.It costs ₹12 to make one potted plant. Aarav sells it for ₹14. What is the profit on one (in ₹)?
32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
33. 33.Kabir makes 30 cups of lemonade at a cost of ₹17 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
35. 35.It costs ₹38 to make one glass of chai. Farhan sells it for ₹47. What is the profit on one (in ₹)?
36. 36.It costs ₹44 to make one friendship band. Aarav sells it for ₹50. What is the profit on one (in ₹)?
37. 37.It costs ₹22 to make one painted pebble. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
39. 39.Nisha makes 11 paper bookmarks at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
40. 40.True or false: “the price you sell at” is the cost price. (a) True (b) False

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