Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 966 · 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.It costs ₹12 to make one paper bookmark. Aarav sells it for ₹24. What is the profit on one (in ₹)?
2. 2.Meera makes 20 painted pebbles at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
5. 5.Arjun makes 9 paper bookmarks at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
7. 7.Lakshmi makes 20 cups of lemonade at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
8. 8.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
9. 9.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
10. 10.One cupcake costs ₹49 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
12. 12.One friendship band costs Lakshmi ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
13. 13.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
14. 14.It costs ₹10 to make one clay diya. Vihaan sells it for ₹28. What is the profit on one (in ₹)?
15. 15.Ishaan makes 28 cups of lemonade at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
16. 16.It costs ₹15 to make one cupcake. Kavya sells it for ₹29. What is the profit on one (in ₹)?
17. 17.True or false: “money spent to get it” is the selling price. (a) True (b) False
18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
19. 19.It costs ₹24 to make one clay diya. Tara sells it for ₹25. What is the profit on one (in ₹)?
20. 20.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
21. 21.Ananya makes 24 handmade cards at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
22. 22.One cupcake costs Joseph ₹17 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
23. 23.One cup of lemonade costs Kabir ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
24. 24.Rohan makes 23 potted plants at a cost of ₹35 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
25. 25.It costs ₹53 to make one cupcake. Aarav sells it for ₹63. What is the profit on one (in ₹)?
26. 26.It costs ₹56 to make one cupcake. Diya sells it for ₹60. What is the profit on one (in ₹)?
27. 27.True or false: “the price on your board” is the cost price. (a) True (b) False
28. 28.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
29. 29.Saanvi makes 13 handmade cards at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
30. 30.It costs ₹65 to make one clay diya. On the last day Dev sells it for only ₹59. How much is the loss on one (in ₹)?
31. 31.One handmade card costs Arjun ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
32. 32.True or false: “the price you sell at” is the cost price. (a) False (b) True
33. 33.One fruit cup costs Tara ₹55 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
34. 34.One jute bag costs Aarav ₹46 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
36. 36.One clay diya costs ₹15 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
37. 37.Saanvi makes 18 clay diyas at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
38. 38.It costs ₹33 to make one cup of lemonade. Rohan sells it for ₹49. What is the profit on one (in ₹)?
39. 39.Ishaan makes 20 glasses of chai at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
40. 40.One painted pebble costs Aarav ₹18 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss

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