Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 941 · 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 painted pebble costs ₹32 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
2. 2.It costs ₹65 to make one cup of lemonade. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
3. 3.It costs ₹41 to make one cupcake. Saanvi sells it for ₹53. What is the profit on one (in ₹)?
4. 4.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
5. 5.True or false: “money got from a sale” is the selling price. (a) True (b) False
6. 6.Ananya makes 13 glasses of chai at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
7. 7.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
8. 8.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
9. 9.One potted plant costs Arjun ₹43 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
11. 11.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
12. 12.It costs ₹35 to make one paper bookmark. Meera sells it for ₹37. What is the profit on one (in ₹)?
13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
14. 14.It costs ₹11 to make one bag of popcorn. On the last day Farhan sells it for only ₹6. How much is the loss on one (in ₹)?
15. 15.It costs ₹9 to make one potted plant. Kavya sells it for ₹14. What is the profit on one (in ₹)?
16. 16.It costs ₹44 to make one fruit cup. On the last day Tara sells it for only ₹41. How much is the loss on one (in ₹)?
17. 17.True or false: “what you paid for it” is the cost price. (a) False (b) True
18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
19. 19.It costs ₹30 to make one handmade card. Dev sells it for ₹36. What is the profit on one (in ₹)?
20. 20.Kabir makes 6 jute bags at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
21. 21.It costs ₹27 to make one potted plant. On the last day Tara sells it for only ₹21. How much is the loss on one (in ₹)?
22. 22.True or false: “the price you sell at” is the selling price. (a) True (b) False
23. 23.One cup of lemonade costs Ishaan ₹41 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
24. 24.True or false: “cost of making one” is the selling price. (a) True (b) False
25. 25.One handmade card costs Zoya ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
27. 27.Gurpreet makes 17 clay diyas at a cost of ₹26 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
28. 28.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
30. 30.It costs ₹47 to make one handmade card. On the last day Ananya sells it for only ₹44. How much is the loss on one (in ₹)?
31. 31.One potted plant costs Ananya ₹59 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
32. 32.It costs ₹53 to make one clay diya. Arjun sells it for ₹71. What is the profit on one (in ₹)?
33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
34. 34.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
35. 35.One potted plant costs ₹34 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
36. 36.It costs ₹33 to make one handmade card. Aarav sells it for ₹36. What is the profit on one (in ₹)?
37. 37.It costs ₹34 to make one painted pebble. Nisha sells it for ₹42. What is the profit on one (in ₹)?
38. 38.It costs ₹54 to make one painted pebble. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
39. 39.Meera makes 21 fruit cups at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
40. 40.It costs ₹41 to make one paper bookmark. On the last day Ananya sells it for only ₹31. How much is the loss on one (in ₹)?

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