Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 950 · 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.Riya makes 30 potted plants at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
3. 3.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
7. 7.It costs ₹18 to make one bag of popcorn. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
8. 8.One painted pebble costs Vihaan ₹23 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
11. 11.One glass of chai costs Lakshmi ₹27 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
13. 13.It costs ₹24 to make one cup of lemonade. Ananya sells it for ₹28. What is the profit on one (in ₹)?
14. 14.It costs ₹30 to make one jute bag. Kabir sells it for ₹43. What is the profit on one (in ₹)?
15. 15.True or false: “the price you sell at” is the selling price. (a) False (b) True
16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
17. 17.Rohan makes 5 glasses of chai at a cost of ₹38 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
18. 18.One clay diya costs Meera ₹33 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
19. 19.It costs ₹52 to make one cup of lemonade. Diya sells it for ₹59. What is the profit on one (in ₹)?
20. 20.One friendship band costs Aarav ₹38 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
22. 22.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
23. 23.One cup of lemonade costs Kavya ₹48 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
25. 25.True or false: “the price on your board” is the selling price. (a) False (b) True
26. 26.It costs ₹13 to make one clay diya. Rohan sells it for ₹21. What is the profit on one (in ₹)?
27. 27.True or false: “cost of making one” is the cost price. (a) False (b) True
28. 28.One clay diya costs Lakshmi ₹25 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
29. 29.Lakshmi makes 28 glasses of chai at a cost of ₹17 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
30. 30.It costs ₹40 to make one friendship band. Vihaan sells it for ₹46. What is the profit on one (in ₹)?
31. 31.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
32. 32.It costs ₹17 to make one fruit cup. Rohan sells it for ₹36. What is the profit on one (in ₹)?
33. 33.Lakshmi makes 22 bags of popcorn at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
35. 35.Lakshmi makes 30 paper bookmarks at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
36. 36.One potted plant costs ₹5 to make. Arjun wants a profit of ₹15 on each. What should the selling price be (in ₹)?
37. 37.It costs ₹15 to make one fruit cup. Arjun sells it for ₹20. What is the profit on one (in ₹)?
38. 38.It costs ₹34 to make one clay diya. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
39. 39.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

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