Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 924 · 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 ₹11 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
2. 2.One clay diya costs ₹30 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
3. 3.It costs ₹7 to make one bag of popcorn. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?
4. 4.One handmade card costs Gurpreet ₹58 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
5. 5.It costs ₹35 to make one jute bag. Vihaan sells it for ₹55. What is the profit on one (in ₹)?
6. 6.It costs ₹7 to make one jute bag. Kavya sells it for ₹24. What is the profit on one (in ₹)?
7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
8. 8.True or false: “what a customer pays” is the selling price. (a) False (b) True
9. 9.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
10. 10.It costs ₹42 to make one cupcake. Ananya sells it for ₹48. What is the profit on one (in ₹)?
11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
12. 12.One clay diya costs Kabir ₹49 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
14. 14.Riya makes 7 cups of lemonade at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
18. 18.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
19. 19.True or false: “what you paid for it” is the selling price. (a) False (b) True
20. 20.True or false: “money spent to get it” is the cost price. (a) False (b) True
21. 21.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
22. 22.True or false: “cost of making one” is the cost price. (a) True (b) False
23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
24. 24.It costs ₹57 to make one cupcake. On the last day Meera sells it for only ₹50. How much is the loss on one (in ₹)?
25. 25.Farhan makes 20 cups of lemonade at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
27. 27.One clay diya costs Vihaan ₹26 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
30. 30.It costs ₹39 to make one potted plant. On the last day Dev sells it for only ₹32. How much is the loss on one (in ₹)?
31. 31.Arjun makes 12 friendship bands at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
32. 32.It costs ₹19 to make one cup of lemonade. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
33. 33.It costs ₹16 to make one paper bookmark. Rohan sells it for ₹29. What is the profit on one (in ₹)?
34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
35. 35.Ishaan makes 24 cupcakes at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
36. 36.It costs ₹52 to make one fruit cup. Rohan sells it for ₹65. What is the profit on one (in ₹)?
37. 37.One potted plant costs Ananya ₹27 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
38. 38.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
39. 39.One friendship band costs Meera ₹51 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
40. 40.It costs ₹24 to make one potted plant. On the last day Kabir sells it for only ₹23. How much is the loss on one (in ₹)?

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