Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 89 · 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 cup of lemonade costs ₹5 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
2. 2.It costs ₹8 to make one painted pebble. Ananya sells it for ₹11. What is the profit on one (in ₹)?
3. 3.It costs ₹51 to make one fruit cup. On the last day Saanvi sells it for only ₹50. How much is the loss on one (in ₹)?
4. 4.It costs ₹46 to make one paper bookmark. On the last day Diya sells it for only ₹37. How much is the loss on one (in ₹)?
5. 5.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
6. 6.Lakshmi makes 30 paper bookmarks at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
7. 7.One paper bookmark costs Dev ₹54 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
11. 11.It costs ₹5 to make one glass of chai. Gurpreet sells it for ₹24. What is the profit on one (in ₹)?
12. 12.True or false: “what you paid for it” is the selling price. (a) True (b) False
13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
15. 15.True or false: “what a customer pays” is the selling price. (a) False (b) True
16. 16.It costs ₹22 to make one painted pebble. Kabir sells it for ₹30. What is the profit on one (in ₹)?
17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
18. 18.True or false: “money spent to get it” is the cost price. (a) False (b) True
19. 19.It costs ₹54 to make one clay diya. Rohan sells it for ₹55. What is the profit on one (in ₹)?
20. 20.Ananya makes 5 jute bags at a cost of ₹37 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
21. 21.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
23. 23.True or false: “the price you sell at” is the selling price. (a) False (b) True
24. 24.One friendship band costs Diya ₹38 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
25. 25.One glass of chai costs Kavya ₹24 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
26. 26.One potted plant costs Arjun ₹23 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
27. 27.It costs ₹23 to make one clay diya. Nisha sells it for ₹41. What is the profit on one (in ₹)?
28. 28.It costs ₹20 to make one friendship band. Aarav sells it for ₹26. What is the profit on one (in ₹)?
29. 29.True or false: “the price you sell at” is the cost price. (a) False (b) True
30. 30.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
31. 31.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
32. 32.Lakshmi makes 9 handmade cards at a cost of ₹21 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
33. 33.True or false: “what a customer pays” is the cost price. (a) True (b) False
34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
35. 35.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
36. 36.It costs ₹27 to make one cup of lemonade. Kabir sells it for ₹30. What is the profit on one (in ₹)?
37. 37.Tara makes 8 painted pebbles at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
38. 38.It costs ₹38 to make one cup of lemonade. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
39. 39.It costs ₹10 to make one clay diya. Rohan sells it for ₹28. What is the profit on one (in ₹)?
40. 40.It costs ₹9 to make one jute bag. Dev sells it for ₹15. What is the profit on one (in ₹)?

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